Blackthorn Resources Limited (ASX:BTR) is an Australian-based resources company that is unearthing value from a diverse portfolio of base and precious metal projects in Africa.

The high-grade Perkoa Zinc Mine in Burkina Faso is currently under construction and targeting full production in second half of 2012. Joint venture partner Glencore International is managing and operating the mine, as well as funding mine development.

Blackthorn Resources is exploring for gold in Burkina Faso and an initial gold resource was defined at the Guido Prospect during 2010. Grassroots exploration of the Company’s extensive exploration permits is at an early stage and numerous targets remain to be thoroughly drill tested.

In Zambia, the Mumbwa Copper-Gold Project  is exploring for large Iron Oxide Copper-Gold (“IOCG”) deposits, similar to the style of mineralisation found at the Olympic Dam and Prominent Hill mines in South Australia, and the Ernest Henry mine in Queensland. Drilling has delineated an initial Inferred Mineral Resource of 87 million tonnes at 0.94% copper (using 0.5% Cu cut-off) at the Kitumba Prospect. Joint venture partner BHP Billiton progressed further drilling on the Mutoya-Mushingashi anomalies in 2010 prior to amicably announcing their intention to withdraw from the JV in 2011. Blackthorn Resources now owns 100% in the Mumbwa Project.
Blackthorn Resources (ASX:BTR)
Company Directors
Mr Derek Carter (Non-executive Director)
Mr Michael Oppenheimer (Non Exec. Director)
Mr Mr William Cash (Non Exec. Chairman)
Mr Nicole Bowman (Non Exec. Director)
Contact Information
Phone: (02) 9357 9000
Email:
Website:

Address
Level 5, Suite 502, 80 William Street, NSW, SYDNEY, AUSTRALIA, 2011
Media Releases
Blackthorn Resources Ltd, More Significant Assay Results Received for Mumbwa Project
01 Feb,2012 10:50 AM

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) has received copper assay results for drill holes S36-027 and S36-028 from its 100% held Mumbwa Project in Zambia. Blackthorn Resources is targeting Iron Oxide Copper-Gold (IOCG) style mineralisation in the Mumbwa District, which is located approximately 200 km west of the capital Lusaka.

The Company commenced the Phase 5 program in August 2011 to drill ‘infill’ and ‘stepout’ holes over the Kitumba mineral resource area, as well ‘scout’ drilling the newly identified regional anomalies at Mutoya which is located approximately 6km north-west of Kitumba. The program was designed to provide additional information for a revision of the maiden inferred mineral resource statement previously released on 19 October 2009. It is anticipated that a revised mineral resource statement for the Kitumba area will be available by mid- 2012.

The Phase 5 program has completed drilling 11 holes for a total of 5,619.32m, with 6 planned holes remaining. The Company has reviewed the planned targets together with assay results received to date. The remaining planned Phase 5 drill holes have been modified to ensure optimal intersections are made with the interpreted mineral resource model.

Blackthorn Resources has now received and reported copper assays from 8 drill holes, including S36-027 and S36-028 in this report. Gold assay results are pending for all completed holes with results expected during early February 2012.

The copper assay results received are from ‘infill’ drill holes targeting the margins of the Kitumba mineral resources area. Half core samples were taken and sent to the AH Knight Laboratory in Kitwe, Zambia for preparation and copper analysis. A representative sample split is sent to ACME Analytical Laboratories in Vancouver, Canada for gold analysis.


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