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, Mumbwa Project - From Resource Upgrade 160% Increase in Contained Copper at Kitumba Deposit
29 Jun,2012 09:22 AM

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to provide an updated Mineral Resource estimate for the Kitumba IOCG deposit, located within the Mumbwa Project area in Zambia. Blackthorn Resources holds a 100% interest in the Mumbwa Iron Oxide Copper-Gold (“IOCG”) Project.

Following the recent completion of the Phase 5 drilling programme, the Company engaged The MSA Group (“MSA”) from South Africa as an independent consultant to conduct the updated mineral resource estimate, which is reported in accordance with the 2004 JORC Code. The updated mineral resource estimate follows on from the maiden Inferred Mineral Resource estimate undertaken by MSA and announced on 19 October 2009. The Phase 5 drilling programme commenced in August 2011 and completed drilling 21 holes for a total of 10,934 meters. The majority of these holes represented “infill” or “step-out” holes designed to respectively increase geological and grade confidence in the resource and to extend the existing resource. The drilling programme was successful in achieving both objectives.

Using a 0.5% Cu cut-off, the Kitumba Deposit now contains an in-situ Indicated and Inferred Mineral Resource of approximately 80Mt at 1.33% copper (“Cu”) and 0.04 g/t gold (“Au”) and 107 Mt at 1.0% Cu and 0.04 g/t Au respectively. Data for the mineral resource estimate were collected from current and previous drilling campaigns and included 25,483m from 47 cored drill holes and three reverse circulation drill holes.


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