Blackthorn Resources’ 272m intercept of 0.72% copper supports continuation of Kitumba mineralisation

Monday, November 21, 2011 by Christine Feary

Blackthorn Resources (ASX: BTR) has received encouraging assays from the second hole drilled at the company’s Mumbwa Project in Zambia.

Results from the drill hole were 272.6 metres at 0.72% copper from 142.4 metres, including 3.9 metres at 2.59% copper, 12.6 metres at 1.8% copper and 6 metres at 1.78% copper.

This follows on from the results of the first drill hole, which intercepted 282.7 metres at 1.05% copper from 178.3 metres, including 60 metres at 2.58% copper.

The 16 hole Phase 5 drill program at Mumbwa includes infill and step out holes planned over the existing Kitumba mineral resource area to better define the resource. Gold assays from two drill holes are pending.

The drill program is expected to be complete by the start of the June quarter in 2012.

Kitumba currently hosts an Inferred JORC Resource of 87 million tonnes at 0.94% copper, using a 0.5% cut-off.

Blackthorn managing director Scott Lowe said the assay results were evidence of high-grade copper mineralisation at the Mumbwa project.

“We are very pleased with the results and very positive about the future of this project. In addition to enhancing the already attractive mineral resource at Kitumba, the Company is very excited about testing new target areas at Mumbwa. 2012 will no doubt be a very important year at Mumbwa as the project evolves."

During the September quarter, Blackthorn was granted an additional large-scale prospecting licence, Kachindu, which covers 203 square kilometres adjacent to the Mumbwa project area.

Blackthorn Resources has 100% ownership of the prospecting licences in Zambia, which cover more than 388 square kilometres.

The company had cash on hand of $14.2 million as of September 30, 2011.

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