Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Quarterly Activities Report March 2016
Quarterly Activities Report March 2016

Perth, April 29, 2016 AEST (ABN Newswire) - The Board of Blackham Resources Limited (googlechartASX:BLK) is pleased to provide an update on its activities for the quarter ended 31 March 2016 and thereafter.

HIGHLIGHTS INCLUDE:

- DFS completed demonstrating strong economics for the Matilda Gold Project

- 2 plus years added to PFS mine life

- DFS Mineral Inventory 8.3Mt @ 2.9g/t for 767,000oz Au

- strong conversion to Reserves

- Mine life growing 8.5Mt @ 3.0g/t for 826,000 Au

- Reserves now total over half a million ounces

- Large gold resource 45Mt @ 3.3g/t for 4.7Moz (50% indicated)

- Resource upgrades at Matilda, Golden Age, Williamson and Bulletin completed

- Drilling success included:

Matilda - pit extensions and discovery of M6 north lode
Galaxy - high grade drilling down plunge of open pit
Golden Age - high grade extensions confirmed
Bulletin - shallow high grade strike extensions proven

- Gravity and seismic geophysics completed over Lake Way

- Targeting gold production Q3 2016

- Plant and camp refurbishment contracts well advanced

Corporate

- $20.3 million capital raising completed

- $23 million undrawn project facility

- $27m in cash and investments at end of quarter

- Chief Geological Officer appointed

To view the complete report, please visit:
http://abnnewswire.net/lnk/I97N9IEI


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
E: info@blackhamresources.com.au
www.blackhamresources.com.au

Tony Dawe
Professional Public Relations
T: +61-8-9388-0944



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