Drilling Identifies High Grade Extensions to M10 Deposit
Perth, April 30, 2012 AEST (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) is pleased to announce results from further drilling at the Matilda Gold Project. Blackham completed 17 Reverse Circulation (RC) drill holes totalling 1,916m during April 2012. The program has tested extensions of mineralisation both up- and down-plunge at M10, M6 and M3 deposits at Matilda.
Drilling around the periphery of the M10 deposit has returned high-grade intercepts including:
3m @ 11.4 g/t Au from 73m, incl. 1m @ 29.5 g/t Au from 73m (MARC0040).
3m @ 8.44 g/t Au from 86m, incl. 1m @ 20.4 g/t Au from 87m (MARC0029);
These results demonstrate that mineralisation remains open to both the north and south, with both holes on the limit of drilling. Mineralisation has been intersected in new stratigraphic positions and may represent new ore shoots that will build on the existing resources at M10. Further, all drill holes have intersected significant mineralisation. Interpretation of the results is continuing.
Blackham's exploration work is targeting extensions to previously defined deposits which are most likely to be converted to reserves in the near term. Assay results have been received for the first nine holes drilled in the program with the remainder expected to follow early next month. A complete listing of significant results received to date can be found in Table 1.
Blackham management are pleased with the continuing return of positive drill results which have confirmed the potential for ore at shallow depths along trend from the known deposits at Matilda.
The Matilda project is located approximately 19km south of the township of Wiluna within Blackham's 100% controlled granted mining license M53/0034. Matilda produced 168,000oz from 7 shallow pits prior to its sudden closure in 1992. Most of these pits were mined to less than 50m and have significant shallow mineralisation outside the pit limits. It is a large mineralised system with gold hosted in saddle reef and shear structures; high-grade shoots are known to plunge approximately 20-30 DEG towards a bearing of 330 DEG and near-surface supergene enrichment is common.
To view the complete Blackham Resources announcement including Tables & Figures, please refer to the following link below:http://media.abnnewswire.net/media/en/docs/ASX-BLK-587434.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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