Sep 2012 Quarterly Activities Report
Sydney, Oct 31, 2012 AEST (ABN Newswire) - The Blackham Resources Limited (
ASX:BLK) Board is very pleased to report the following highlights during the quarter:
Matilda Gold Project
- gold resource grows to 1.4Moz an increase of 76% during the quarter
- indicated resource increased to 2.7Mt @ 2.1g/t au
- Metallurgy at Matilda Mine confirmed as free milling
- 4,500m of RC and 620m of diamond core drilling completed at the Matilda Mine since end of last quarter
- Drilling success during the quarter included
-- 31m @ 2.32 g/t Au from 120m M4 MARC0051
-- 16m @ 1.69 g/t Au from 161m M4 MARC0051
-- 8m @ 3.25 g/t Au from 85m M4 MARC0052
-- 8m @ 2.13 g/t Au from 103m M4 MARC0052
-- 13m @ 2.92 g/t Au from 156m M1 MARC0054
-- 18m @ 2.11 g/t Au from 146m M1 MARC0055
-- 12m @ 2.12 g/t Au from 166m M1 MARC0061
- Drilling results suggest increase in both size and confidence of resource. Revised resource estimation underway
- Matilda Mine scoping study well advanced
- Positive Regent scoping study completed in July
- Williamson exploration target estimated 0.5 to 2Moz1 au (2 - 6g/t see Table 2)
Corporate
- $1.2m in equity raised during the quarter
To View the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-611721.pdf
About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.
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