04 Jun Blackham’s ‘free-milling’ Golden Age is living up to its name
Republished from Stockhead.com.au
Special Report: Blackham’s seven-rig drilling attack at the high-grade Golden Age prospect keeps on turning up the gold.
Drilling at the ‘free-milling’ Golden Age prospect, part of the Wiluna operation in Western Australia, has delivered grades of up to nearly 40 grams per tonne (g/t).
The latest top results include 1.8m at 39.68g/t from 47.3m, 2.6m at 21.74g/t from 49.1m and 7.1m at 7.47g/t from 185.9m, including 2.7m at 17.32g/t.
The beauty of free milling gold is that it requires only simple crushing and no roasting or chemical treatment, meaning the cost is much lower. And at the current high Aussie dollar gold price, that equates to a better margin for Blackham and more cash in the company’s pocket.
Blackham says the Golden Age high-grade ore supplements the baseload free-milling open pits and is an important source of transitional cashflow for the next 18 months whilst the company transitions to sulphide production.
Read the full article on Stockhead
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This story was developed in collaboration with Blackham Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
