Blackham Resources Limited (ASX:BLK) Acquired Lakeway Additional Gold Tenure Package
Perth, Nov 15, 2011 AEST (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) is pleased to announce that as part of its acquisition of Kimba Resources Pty Ltd (under the Agreement announced on the 21st September 20011) it has also secured additional exploration and mining rights to gold, nickel and all other non-uranium minerals rights in the Lakeway area located in the North Eastern Goldfields region of Western Australia.
The Matilda Gold Project now includes 40 km of strike along the Wiluna Mine sequence.
The adjacent Wiluna Mine operated by Apex Minerals has produced over 4 million ounces of gold from only 5km of the mine sequence. Apex Minerals reported gold resources of 12.7Mt @ 5.4g/t au in their 2010 Annual Report. The Company considers the ground to have strong prospectivity for hosting similar gold bearing structures to the Wiluna Mine. The additional mineral right brings Blackham's beneficial land package to 600 km2 and includes defined targets at Regents South, Prior, Red Lady, Zenith, Island and Albion gold prospects in the Lakeway area.
Blackham has also consolidated its position around the Matilda Mine, extending coverage over the prospective Coles Shear to over 10 km.
Previous regional exploration in the Wiluna district successfully delineated new oxide mineralised zones at Williamson South and Carroll Prior highlighting the potential for the Lake Way area to become a major gold district in the North Eastern Goldfields. The wider, under explored Matilda Project now covers 600 km2 of the Wiluna Greenstone Belt and remains highly prospective for the discovery of new gold deposits.
Blackham is currently finalising the agreement for the acquisition of Kimba Resources Pty Ltd which includes the 100% acquisition of the Matilda Gold Mine and the Regents, Carol Prior, Galaxy Gold Deposits and the additional Lakeway tenure in the Wiluna gold belt of Western Australia (Project).
The acquisition is progressing well and Blackham hopes to complete the purchases within the next week. Further information on the terms of the agreement can be found in Blackham's announcement of the 21st September 2011.
Please view the Matilda Gold Project Tenure Plan from the following link:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-566648.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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