Blackham Resources is well advancing in its due diligence for the 100% purchase of the Williamson and Matilda gold mines and the Galaxy, Regents, and Carol Prior gold deposits.
Previous mined pit shells between M1 and M2
Primarily, the main target of the company will be to discover fresh gold resources inside and around the Matilda mine, which is a huge gold system that has been dug to lower than 90 m over a 3.5 km long strike. This mine has seven historical open pits. All the present deposits stay open at depth. During 1996, Asarco stopped production at the Matilda mine. All the former proprietors attained the production of around 280,000 oz from seven open-pits. The company has planned to focus the strike expansions and the high-grade expansions under the current pits, and has also scheduled for the resource remodeling and re-optimized the pits.
Blackham has not conducted regular regional exploration at the project, from the time the Wiluna mine and the contiguous areas were sold to Normandy by Great Central Mines.
The company has preformed near surface RAB drilling and has cut several mineralized zones at the Matilda system, and also has shown down-dip prospective and constant plunge geometry.
The database of this Matilda mine has enclosed 6,660 holes with 49 m of drilling, in which 53 holes are more than 200 m depth and 270 holes are over 100 m depth.
In addition, numerous near surface intercepts are present external to the past pit regions without a follow-up drill program that offers further open-pit targets.
Source: http://www.blackhamresources.com.au/