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Perth, Aug 7, 2012 (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) is pleased to advise that it is conducting a review of the nickel potential at its wholly owned Fraser Range Project following the recent discovery of the Nova deposit by Sirius Resources Limited (ASX:SIR).
Blackham's Fraser Range Project (E69/2506) lies approximately 20km from Nova, 150km east of Norseman in Western Australia.
Blackham conducted drilling at Zanthus in January 2011 involving 18 aircore holes for 794m. Drilling delineated the Zanthus Lignite Deposit of 350mt with an average calorific value of 7.90MJ/kg. Importantly this drilling also penetrated the basement rocks which Blackham routinely analysed for a suite of 36 elements including Ni and associated elements.
The Company believes this geochemical data provides a competitive advantage in the search for nickel discoveries similar to the Nova deposit.
The Company remains committed to developing the Matilda Gold Project and may look at joint venture opportunities to unlock the potential mineral value at Fraser Range.
Blackham yesterday announced an update of resources at Matilda which have grown to 922,000oz (Table 1, see link below).
To view the complete Blackham Resources announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-599518.pdf
ASX:BLK) is pleased to advise that it is conducting a review of the nickel potential at its wholly owned Fraser Range Project following the recent discovery of the Nova deposit by Sirius Resources Limited (ASX:SIR).Blackham's Fraser Range Project (E69/2506) lies approximately 20km from Nova, 150km east of Norseman in Western Australia.
Blackham conducted drilling at Zanthus in January 2011 involving 18 aircore holes for 794m. Drilling delineated the Zanthus Lignite Deposit of 350mt with an average calorific value of 7.90MJ/kg. Importantly this drilling also penetrated the basement rocks which Blackham routinely analysed for a suite of 36 elements including Ni and associated elements.
The Company believes this geochemical data provides a competitive advantage in the search for nickel discoveries similar to the Nova deposit.
The Company remains committed to developing the Matilda Gold Project and may look at joint venture opportunities to unlock the potential mineral value at Fraser Range.
Blackham yesterday announced an update of resources at Matilda which have grown to 922,000oz (Table 1, see link below).
To view the complete Blackham Resources announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-599518.pdf
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About Blackham Resources Limited
Blackham Resources Limited (ASX:BLK), a Western Australian resources company, is focused on exploration and development at the Matilda and Williamson Gold Mines in the Wiluna gold belt of Western Australia. The Matilda Gold Project contains resources of 24.5Mt @ 1.90g/t gold. The tenure package covers 50km of strike along the Wiluna Mine sequence and Coles Shear which has produced over 4Moz of gold. Blackham have the largest landholding (>500km2) in the Wiluna goldfield, one of Western Australia’s major Archaean greenstone belts. Blackham aims to delineate a multi-million ounce gold resource and targeting converted resources to reserves in the near term.
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>>>    Blackham Resources Limited>>>   Sirius Resources NL |
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