Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Broad mineralisation intersected at M1
Broad mineralisation intersected at M1

Perth, Oct 30, 2012 AEST (ABN Newswire) - Blackham Resources Ltd (googlechartASX:BLK) is pleased to announce the results of recent drilling at the Matilda Gold Project near the township of Wiluna in Western Australia. Blackham is currently undertaking an infill and extension RC programme at the Matilda Mining Centre focussing on the M1, M3 and M4 Deposits.

This initial programme at M1 was limited to the western limb of the Central Lode (Figure 1 in link below). Results from this drilling have defined thick, continuous zones of mineralisation with significant intercepts of 13m @ 2.92 g/t from 156m including 2m @ 5.90 g/t from 166m (MARC0054), 18m @ 2.11 g/t from 146m (MARC0055) and 16m @ 1.31 g/t from 146m (MARC0056) which demonstrate excellent continuity of the lode (Figure 2). The results are broadly consistent with historical intercepts on this lode such as 14m @ 4.17 g/t and 11m @ 3.91 g/t.

These results follow the initial results returned from M4 which included 31m @ 2.32 g/t from 120m and 16m @ 1.69 g/t from 161m in MARC0051. Interpretation of the results is continuing.

The results will assist raising the level of confidence from Inferred to Indicated as well as add to the global resource. In addition, this drilling provides encouragement and assistance with targeting the deeper lodes which remain open at depth. High grade, down-plunge mineralisation at M1 includes:
- 13m @ 6.59 g/t from 211m (WR02328) - Central Lode
- 12m @ 5.71 g/t from 190m (MDDH031) - Central Lode
- 13m @ 6.76 g/t from 236m (MTRC0014) - Western Lode

Further results are still to come from the M1, M3 and M4 deposits in the coming weeks.

Interpretation of results is on-going and a follow-up programme is being designed to test the highgrade shoots at M1.

Blackham's resource inventory at the Matilda Gold Project is currently 23Mt at 1.9g/t for 1.4Moz Au (see Table 1 in link below) which includes 12Mt @ 1.7g/t for 680,000oz Au at the Matilda Mining Centre. Further resource updates are planned upon completion of the current drill programme.

To view figures, charts and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-610892.pdf


About Wiluna Mining Corporation Ltd

Wiluna Mining Corporation LtdWiluna 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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Contact

Bryan Dixon
Managing Director
Blackham Resources
T: +61-8-9322-6418

Tony Dawe
Professional Public Relations
T: +61-8-9388-0944



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