KEY POINTS
- Construction work for surface infrastructure and processing plant is progressing as scheduled.
- Underground mining has advanced the main access decline to 758m from the portal entrance and excavated development drives. Total underground mine development totals 1,289 meters.
- Development ore totalling 8,000 tonnes has been mined and stockpiled for use in commissioning the processing plant.
- Stage 1 development of the tailing dams and water recycling facilities is nearing completion.
- The Company is continuing to evaluate details for the Perkoa enhanced business case as they become available from Glencore, which includes open-cut mining of silver-lead-zinc ore and bulk mining of the hanging wall by underground methods. Results of the evaluation are expected in the near term.
- The program for commissioning of the processing plant is forecast to commence early in Q3 2012.
Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to provide the following project update for surface construction and mine development activities at the Perkoa Project in Burkina Faso, West Africa.
The Perkoa Project is a joint venture with Glencore International (50.1%), Blackthorn Resources (39.9%) and the Burkina Faso Government (10% free carried) which is currently developing the first large-scale underground base metals mine in the country. The Project is located 120km west from the capital Ouagadougou within the north-easterly trending Proterozoic, Boromo Greenstone Belt.
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