Blackham Resources Limited (ASX:BLK) has announced outstanding results from extension drilling at its Matilda Gold Project in Western Australia.

 

The testing was conducted to evaluate if areas close to the existing development could be incorporated into the mine plan in the future.

 

As a result of the findings, follow up drilling is underway and a revision of the resource estimate at the Essex deposit.

 

Blackham’s Managing Director, Bryan Dixon, has indicated the confirmation of further high grade shallow mineralization will allow the company to add significant ounces to its mine plan very cheaply.

 

Blackham Resources Limited reported a net loss of $3.4 million at 31 December 2015.