To Review Fraser Range Project For Nickel Potential
Perth, Aug 7, 2012 AEST (ABN Newswire) - Blackham Resources Limited (
ASX:BLK) is pleased to advise that it is conducting a review of the nickel potential at its wholly owned Fraser Range Project following the recent discovery of the Nova deposit by Sirius Resources Limited (ASX:SIR).
Blackham's Fraser Range Project (E69/2506) lies approximately 20km from Nova, 150km east of Norseman in Western Australia.
Blackham conducted drilling at Zanthus in January 2011 involving 18 aircore holes for 794m. Drilling delineated the Zanthus Lignite Deposit of 350mt with an average calorific value of 7.90MJ/kg. Importantly this drilling also penetrated the basement rocks which Blackham routinely analysed for a suite of 36 elements including Ni and associated elements.
The Company believes this geochemical data provides a competitive advantage in the search for nickel discoveries similar to the Nova deposit.
The Company remains committed to developing the Matilda Gold Project and may look at joint venture opportunities to unlock the potential mineral value at Fraser Range.
Blackham yesterday announced an update of resources at Matilda which have grown to 922,000oz (Table 1, see link below).
To view the complete Blackham Resources announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-599518.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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