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, Exceptional Copper Assays Continue from Hole Extension S36-026, and Gold Assays Received from First Two Holes at Mumbwa Project
13 Feb,2012 04:37 PM

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) has received copper assay results from the extension of hole S36-026 and gold assay results from the first two holes drilled at the Company’s 100% held Mumbwa Project in Zambia. Blackthorn Resources is targeting an Iron Oxide Copper-Gold (IOCG) style of mineralisation in the Mumbwa District, which is located approximately 200 km west of the capital Lusaka.

The Phase 5 drilling program commenced in August 2011 and is planning to drill 16 targets for approximately 8,700 meters. The program was designed to drill ‘infill’ and ‘stepout’ holes over the Kitumba mineral resource area, as well ‘scout’ drilling a newly identified anomaly at Mutoya, which is located approximately 6km north-west of Kitumba.

Currently 13 holes have been completed for a total of 6,720.48 meters. There are 3 drilling rigs onsite progressing with the remaining 4 planned holes. It is anticipated that the drilling phase of the program will be completed in early March 2012. Ongoing evaluation of the assay results is being conducted to refine collar positions of remaining drill holes. There have been some modifications to the original drilling plan and target sites.


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