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Market:	ASX
Sector:	General Mining
EPIC:	BTR
Latest Price:	0.62 (-0.80% )
52-week High:	0.73
52-week Low:	0.38
Market Cap:	76.21M

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Blackthorn Resources

Blackthorn Resources (ASX: BTR) is an Australian-based resources company with a diverse portfolio of African assets including zinc, gold, copper, nickel and platinum group metals.

The company's primary assets are in west and southern Africa targeting copper, zinc and gold. The company also seeks and evaluates other projects in Australia and internationally to add to the diverse mineral asset portfolio.

Blackthorn Resources reports Phase II exploration drilling results in Burkina Faso

Wednesday, July 01, 2009

Blackthorn Resources (ASX: BTR) released results from Phase 2 of a three phased, 6,000 metre reverse circulation (“RC”) drilling program being completed on the Company’s 100% owned exploration properties in Burkina Faso.

The phase 2 program included 11 drill holes (1,570 metres) targeting five prospects. Gold mineralisation was intersected in 8 holes, with continued gold mineralisation confirmed in three of the prospects.#

At the ‘Q22’ prospect, the best hold intersected 5 metres at 1.08 grams per tonne from 65 metres. At the ‘IK’ prospect, the best hold intersected 7 metres at 0.86 grams per tonne gold from 54 metres. Finally, at the ‘POA’ prospect, the best intersect was 2 metres at 5.66 grams per tonne gold from 129 metres. Gold mineralisation was also intersected on the ‘Mantian Hill’ prospect.

Blackthorn said it was “encouraged” by the results to date, and that it would now move on to the Phase III drilling campaign to follow up on indentified gold anomalies and to drill test the ‘Semapoun’ prospect.

“Blackthorn Resources is reviewing the current data-set and planning the third phase of drilling to follow up identified gold mineralisation and target other untested prospects, “ the company stated. “Prior to drilling follow up holes where gold mineralisation was identified in previous drilling, the Company has planned to carryout additional trenching and extend previously established geophysical survey grids to expand the search area. It is proposed to conduct an additional 25 line Km of geophysical IP surveys prior to commencing additional drilling in the final Phase 3 stage. “

Managing Director Scott Lowe said “We are continuing to see evidence of gold mineralisation on these prospects and this has given us confidence to continue our exploration efforts. Gold mining is an emerging and growing industry in Burkina Faso, and Blackthorn is well positioned to respond quickly should an economic deposit be found within our exploration lease areas.“

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