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, Gold Assay Results Received for Drill Holes at Mumbwa Project
13 Jun,2012 12:16 PM

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to advise that final gold assay results have been received for drill holes S36-030, S36-031, S36- 035, S36-036, S36-037, S36-038, S36-039 and S36-040 from the Phase 5 drilling program at Mumbwa, Zambia. Final copper assay results were reported on 16 May 2012.

The Phase 5 drilling program commenced in August 2011 and has completed drilling of 21 holes for a total of 10,934.51 meters.

Sampling and assaying of the drill core followed a standard site protocol with samples of half core being submitted to the AH Knight Laboratory in Kitwe, Zambia for preparation and copper analysis. A representative sample split was taken from each batch and sent to ACME Analytical Laboratories in Vancouver, Canada for gold analysis.

A cut-off grade of 0.25 g/t Au was applied when delineating the drilled thickness intervals of gold mineralisation, with weighted average grades reported herein. True-widths are not quoted as further work is required to determine the geometry of the mineralisation. No upper limit has been applied to copper or gold grades in the exploration results.


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