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: info@blackthornresources.com.au
Website: http://www.blackthornresources.com.au/
Address
Level 5, Suite 502, 80 William Street, NSW, SYDNEY, AUSTRALIA, 2011

Media Releases see all media releases

Blackthorn Resources Ltd, Activities Report for Third Quarter ended 31 March 2012
16 Apr,2012 10:28 AM

KEY POINTS

PERKOA JV (Blackthorn Resources 39.9%)
- On-site construction activity and underground mine development and drilling progressed.
- Glencore commenced planning and on-site preparation for the expansion of the Perkoa Project, pending final approval by the JV parties.

MUMBWA PROJECT (Blackthorn Resources 100%)
- Phase 5 drilling program continued with further significant high-grade copper mineralisation reported from infill drill holes at Kitumba and encouraging shallow-depth copper mineralisation from Target A at Mutoya.
- Kitumba Scoping Study initiated.

BURKINA FASO EXPLORATION (Blackthorn Resources 100%)
- Base metals exploration programs commenced on the northern tenements held by Blackthorn Resources, including initiating an exploration targeting project over the Poa and Guido permits with the aim of identifying additional Perkoa style VMS deposits.
-  Strategic review of gold exploration rights continued.

CORPORATE
- Cash on hand at 31 March 2012 was $6.2 million.
- Mr Derek Carter appointed a director effective 1 February 2012.
- Interim Financial Report for six months to 31 December 2011 released.
- Managing Director completed an extensive schedule of Investor Presentations in London, Hong Kong and New York.


For further information please download PDF below: