Matilda Drilling Commences
Perth, Feb 25, 2013 AEST (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) is pleased to announce that the first of two RC rigs have arrived at the Matilda Gold Project and commenced drilling. This is the first stage in a large, 30,000m drill campaign that will test targets at the Matilda and Williamson Gold Mines. This programme has been facilitated by the recent $13M funding agreement announced on 4th February 2013.
Significantly, this is the first programme conducted at Williamson since Blackham acquired the project and following the successful rehabilitation of the Williamson access road. Blackham has identified numerous potential extensions beneath the existing open pit, illustrated by historical holes such as RWD00018 which returned 3.5m @ 35.5 g/t Au approximately 300m vertically beneath surface. Blackham is currently updating the Williamson Resource Estimate which will further assist targeting of high-grade extensions beneath the pit.
The programme will also be testing infill and extension targets at the Matilda Gold Mine. Blackham had significant success in its last programme drilling beneath the M4 pit at Matilda (Figure 2) returning thick and high-grade results such as:
31m @ 2.32 g/t Au from 120m - MARC0051
10m @ 5.47 g/t Au from 120m - MARC0063
5m @ 5.30 g/t Au from 125m - MARC0062
Drilling will be focussing on the extensions of M4, M1 & M2 as well as testing potential new lodes between the existing pits which if found to have continuity may significantly improve the mining economics.
This programme builds on the earlier drilling with an emphasis on not only increasing the current 1.5Moz resource estimate (Table 1), but also improving the resource confidence which will allow the company to build its gold reserves, an important step towards future feasibility studies.
View the complete Blackham Resources announcement at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-625995.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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