Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Blackham Agrees Placement
Blackham Agrees Placement

Sydney, Jan 25, 2012 AEST (ABN Newswire) - Blackham Resources Ltd ("Blackham") (googlechartASX:BLK) has received firm commitments to raise AU$950,000 (before costs) by a private placement of 4.75 million ordinary shares at 20 cents per share.

The funds will be used as follows to further the exploration and development of the Matilda Gold Project, to further the exploration and development of the Scaddan and Zanthus Coal Projects and for further working capital of the Company.
The issue of 4.75 million ordinary shares falls within the approval granted by shareholders at a General Meeting conducted by the Company on 23 January 2012. The investors are all professional or sophisticated investors and a separate disclosure document is not required.

Blackham is about to commence a 2,000 metre RC drilling programme at the Matilda Gold Mine as soon as possible. This area has not been drilled in over 15 years and management believe the Matilda Mine has potential for both sizeable open pit and high grade underground deposits. Previous drilling has been successful in highlighting ore grade prospects that require further follow up programmes to test the economic potential of these targets. The drill programme is designed to test the continuity of the existing drill data.

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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