Blackham proves there’s still much more high-grade shallow gold at Wiluna

Reprinted from: Stockhead.com.au

Special Report: Blackham’s turnaround strategy is paying off early, with new drill results delivering shallow, high-grade gold that has the potential to not only grow the mining inventory at the Wiluna mine but also boost the head grade too.

After having delivered on its promise to strengthen the balance sheet, Blackham Resources (ASX:BLK) is now making good on its strategy of building an inventory of higher grade, higher confidence, longer-dated resources at its Wiluna mine.

The junior gold producer told investors today drilling had come up trumps with hits like 14.45m at 17.16 grams per tonne (g/t) of gold from 18.95m, including 7.45m at 31.22g/t; and 12.4m at 7.93g/t from 31.4m.

Not only were the hits shallow, one intersection delivered a grade of as high as 283g/t.

Anything over about 5g/t is generally considered high-grade, and in the current high gold price environment shallow, high-grade gold means good profit margins for miners.

Read the full article on the Stockhead website.