Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Blackham Resources Drilling Recommences at Matilda
Blackham Resources Drilling Recommences at Matilda

Perth, April 10, 2012 AEST (ABN Newswire) - Blackham Resources Limited (googlechartASX:BLK) is pleased to announce that drilling has re-commenced at the Matilda Gold Project following the success of its first drilling campaign in February. The drilling programme will consist of approximately 2,000m targeting the Matilda Mine area and in particular shallow oxide mineralisation at the M10 Prospect.

The February drill programme returned numerous high-grade intercepts from the M10 Prospect including:

16m @ 4.50 g/t Au from 34m (MARC0001)
7m @14.0 g/t from 74m (MARC 0009)
8m @ 9.98 g/t from 107m (MARC 0008)
6m @ 5.11 g/t from 41m (MARC 0005)

The programme identified a core shoot which remains open up and down plunge as well as extensive supergene mineralisation which remains open in several directions.

This current programme will build on the original program by testing the extensions of mineralisation as well as following up several new mineralised positions on the peripheries of the M10 Prospect and nearby M6 Pit. Results from the programme are expected around the end of April.

In conjunction with the Matilda drilling programme, the Company is continuing to evaluate resource opportunities at the Project following the recent upgrade of the Regent Deposit to 237,000oz Au and a combined project total of 757,000oz Au (Refer Table 1.) Blackham's exploration work is targeting previously defined deposits which are most likely to be converted to reserves in the near term.
Table 1: Matilda Gold Project Resource Estimates---------------------------------------------------                              InferredMining Centre        Tonnes     Au (g/t)     Oz. Au---------------------------------------------------Williamson Mine    6,001,000     1.9        364,000Regent             3,505,000     2.1        237,000Matilda Mine       2,067,000     1.2         79,000Galaxy               884,000     2.7         77,000---------------------------------------------------TOTAL             12,457,000     1.9        757,000---------------------------------------------------Rounding errors may occur - grades to 2 significant digits in this table.


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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