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BLACK MOUNTAIN RESOURCES LIMITED

ASX: BMZ

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Description

Black Mountain was incorporated on 29 October 2010. On 25 November 2010, the Company entered into the Tenement Sale Agreement pursuant to which the Company will acquire a 100% interest in the Projects.

The Projects are located in the Lake Raeside drainage system. All of the Project areas have good exploration potential for the discovery of economic uranium mineralisation. The tenements cover approximately 187km2 of prospective lake shore environment that have hosted several uranium deposits. Historically exploration in region has been primarily for gold, with some exploration for base metals and nickel. There has been minimal historical exploration for uranium.

The Foley Outcamp Project is located approximately 80km north?west of Leonora, Western Australia. The tenement covers an area of approximately 48km2 and overlies an extensive section of the northern arm of the Lake Raeside drainage system. There has been minimal historical exploration undertaken on this project.

The Six Mile Well Project is located approximately 15km west of Leonora, Western Australia. The contiguous tenements cover a combined area of approximately 139km2 and overlie an extensive section of the southern arm of the Lake Raeside drainage system.

In addition to earning a 100% interest in the Projects, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment.

Mine For

uranium

Location of operation(s)

Western Australia

Address

945 Wellington St
WEST PERTH, WA, Australia

Phone

+61 (0) 8 9322 7600

Email

Website


Last Updated

13/12/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.