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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