Latest Matilda Results Confirm Iceberg Zone
Perth, April 29, 2013 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK), is pleased to announce latest results from recent drilling at the Matilda Gold Project in Western Australia. Blackham's RC drilling programme at the Matilda Mining Centre is focussing on the M1, M2, M3 and M4 Deposits. These latest results complement earlier results released by Blackham on 4th April 2013.
Further drilling in the area north of the M4 pit has continued to deliver thick zones of mineralisation that now extend over 250m of strike. The zone has been named the Iceberg Zone in reference to the lodes limited expression near surface but which balloons at depth. This zone of mineralisation plunges approximately 30° northwards and remains open along strike to the north and at depth.
In addition, a continuous hanging wall lode has also been identified which is expected to have a positive impact on mining economics. Latest significant results include a high-grade zone of 3m @ 11.4 g/t from 171m and 12m @ 2.84 g/t from 180m (including 2m @ 9.15 g/t from 180m) in MARC0095 which is currently the northern-most and deepest drill intercept into the Iceberg Zone. The intercept is supported by the re-entry and extension of MARC0064 which returned 23m @ 2.66 g/t (including internal dilution) from 119m.
A continuous zone of mineralisation has also been identified in the hanging wall of the main lode with intercepts including 1m @ 12.5 g/t from 132m (MARC0095) and 9m @ 2.48 g/t from 165m (MARC0105).
Extensions of mineralisation have also been found in an area between the M1 and M3 pits. These lodes may provide additional sources of near-surface ore to be exploited while targeting the main lodes of M1 and M3 at depth. Better results include 2m @ 2.99 g/t from 34m in MARC0122 and 3m @ 5.07 g/t in MARC0116.
A full table of results returned since 4th April for this programme can be found in Appendix A for the release (see link below).
The M4 Deposit has been identified as a priority area to recommence mining operations at the Matilda Mining Centre. The Company will be updating the resource model and reviewing the mining economics of this deposit in the near future.
Blackham's resource inventory at the Matilda Gold Project is currently 25Mt at 1.9g/t for 1.5Moz Au which includes 14Mt @ 1.8g/t for 784,000oz Au at the Matilda Mining Centre.
Drilling is continuing at the Matilda Project with the focus now turning to the M1 Pit which historically has been the highest grade and largest producer (1.5Mt @ 2.54 g/t for 121,000oz) of the seven pits at the Matilda Mining Centre.
To View diagrams and tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-633167.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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