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Blackham takes ownership of Wiluna

21st March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior gold developer Blackham Resources on Friday completed the acquisition of the Wiluna Gold project from Apex Minerals.

The company acquired the asset in a deal worth A$4.6-million.

The Wiluna gold project covers 44 km2 of tenement and 10 km of strike along the Wiluna mine sequence. Combined, Blackham's own Matilda project and Wiluna project would have a Joint Ore Reserves Committee-compliant resource of 40-million tonnes, grading 3.3 g/t gold for 4.3-million ounces.

Operations at Wiluna were suspended in June last year, as Apex went into administration after failing to raise A$1-million in capital to resolve operational issues at the mine.

Edited by Creamer Media Reporter

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