Matilda Project Fully Funded for Gold Production by Q2 2016
The Matilda Gold Project is 100% Blackham owned and includes the Wiluna gold plant and infrastructure, slashing capital costs and timeframes to pour first gold in 2016.
The Matilda Gold Project resource now stands at 44 million tonnes at 3.3 grams of gold per tonne for 4.7 million ounces. Blackham has tenure over 780 square kilometres of prime gold exploration acreage in the richly endowed northern Yilgarn region, including 55 kilometres of mineralised strike. Drilling has been focused on building mineral reserves of free-milling ores to sustain a minimum 10 year mine life.
Blackham Resources' strategic acquisition of the Wiluna Gold Project, together with the landmark agreement with Orion Mine Finance Fund, unlocks the Matilda project and fast-tracks Blackham to becoming Western Australia's next gold producer.
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About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMX) (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 6.4 Moz at a grade of 2.1 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.
Wiluna Mining Corporation Ltd
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