BLACK MOUNTAIN | 12 DECEMBER 2016 | ASX ANNOUNCEMENT
Black Mountain Resources Limited (ASX:BMZ) Black Mountain or the Company) is pleased to provide a maiden JORC 2012 Mineral Resource estimate (“Resource”) for its 100% owned Namekara Vermiculite Mine, located in Eastern Uganda.
-Maiden Inferred Mineral Resource of 61.9 Mt at 18.2% vermiculite for 11.3Mt of contained vermiculite
-Resource estimate completed by independent mining and geological consulting company CSA Global
-Resource estimate based on historical 119 reverse circulation and diamond drill holes for 6,898m between 2007 and 2012
-New in-fill and exploration drilling program currently underway to upgrade resource classification, validate vermiculite flake size, bulk density and grade, to provide basis for new mine plan