Quarterly Activities & Cashflow Report December 2015
Perth, Feb 1, 2016 AEST (ABN Newswire) - Blackham Resources Limited (ASX:BLK) announce the Quarterly Activities & Cashflow Report for the period ending December 2015.
HIGHLIGHTS INCLUDE:
- PFS confirmed Matilda Gold Project's Robust Economics
- Mineral Inventory 6.0Mt @ 2.8g/t for 540,000oz
- strong conversion to Reserves
- mine life growing
- Large gold resource 45Mt @ 3.3g/t for 4.7Moz (49% indicated)
- Quartz reef total resources increased to 1.85Mt @ 3.6g/t for 216,000oz (41% indicated).
- Matilda Mine Resources increases to 12.9Mt @ 1.8g/t for 724,000oz at Matilda Mine (61% measured and indicated).
- All resources within a 20km radius of Wiluna gold plant
- Exploration success includes:
Galaxy - high grade drilling results
- 2.5m @ 12.84g/t & 7.5m @ 3.58g/t (GLDD0003)
- 12m @ 4.57g/t (GARC0065)
- 10m @ 4.52g/t including 3m @ 10.0g/t (GLDD0005)
- 2m @ 7.99g/t & 5m @ 6.33 g/t (GLDD0006)
Matilda
- 6.8m @ 12.6 g/t from 73m (MADD0027)
- 1.6m @ 11.4g/t from 86m (MADD0036)
- 35.8m @ 1.85g/t from 130m (MADD0032)
- 14m @ 3.26g/t from 87m (MADD0024)
- 24m @ 1.78g/t from 83m (MARC0309)
- 12.6m @ 2.96g/t from 68m (MADD0029)
Williamson
- 2m @ 95.14g/t Au from 33m (WMRC0012)
- 29m @ 1.81 g/t Au & 6m @ 1.93 g/t Au (WMRC0041)
- 16m @ 1.4 g/t Au (WMRC0039)
- 14m @ 1.16 g/t Au & 13m @ 1.11 g/t Au (WMRC0038)
- Definitive Feasibility Study to be completed in Feb 2016
- Targeting gold production mid-year
Corporate
o $9.1 million in cash and investments - December 2015
o $23 million undrawn project facility
o Further experience added to the Board and management team
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-751222.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.
Related Companies
Social Media
Share this Article