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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