Proactiveinvestors recommends

Additional Information

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

1 year chart

1 day chart

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 releases phase 3 drilling results

Wednesday, December 16, 2009

Blackthorn Resources (ASX: BTR) has provided a progress report for gold exploration activities on its 100% owned exploration tenements at Burkina Faso in West Africa.

The Company completed the Phase 3 Rotary Air Blast drilling program comprising a total of 236 holes for 4,063m to test several anomalies beneath laterite and/or alluvial cover.

The program was completed in 2 stages as the annual wet season and crop harvests in the region inhibited access to some planned targets over 5 prospects.

Results from the first stage of the program were announced on 12 October 2009. The second stage of drilling completed an additional 196 shallow, vertical RAB holes totalling 3,477 metres. Preliminary gold assay results were received from all prospects. Assays for base metals Copper, Lead and Zinc were received from the POA prospect only and all other results are pending.

Preliminary assay results have identified gold mineralisation on the TZ-21 prospect which includes a drilled thickness intersection of 24m at 2.25 g/t gold in hole TZ21-RB-023.

The second stage of the Phase 3 program comprised 196 RAB holes totalling 3,477m drilled on 5 prospects including POA, IK, Q22, TZ-21 and SEMAPOUN.

Follow-up exploration will consider additional drilling by RAB, RC and/or Cored methods together with extensions to geophysical survey grids

Newmont Ventures is conducting gravity and stream sediment sampling in the region and has agreed to continue this work over tenements held by Blackthorn Resources. The program is being funded by Newmont and results of the data will be shared with Blackthorn Resources

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.