Blackthorn Resources Limited : MUMBWA PROJECT - MORE SIGNIFICANT ASSAY RESULTS RECEIVED
01/31/2012 | 07:30pm
KEY POINTS
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Assay results for copper have been received for drill
holes S36-028 and S36-027.
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Significant drilled thickness intercepts continue to
confirm copper mineralisation at Kitumba, providing further
confidence in the interpreted mineral resource
model.
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Copper mineralisation in drill hole S36-028 was
mainly confined to 84m to 203m down hole depth which
includes the following intervals:
S36-028 (vertical hole)
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111m at 0.61% Cu between 84m and 195m,
including
- 3m at 1.46% Cu between 162m and 165m, and
- 16m at 1.23% Cu between 170m and 186m, and
- 2m at 1.13% Cu between 189m and 191 meters.
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Copper assays received from drill hole S36-027 have
intersected 509m at 0.27% Cu along the entire length of the
sampled drill core including mineralisation from surface.
Best intervals include:
S36-027 (vertical hole)
- 5.5m at 0.31% Cu between 0m and 5.5m.
- 61m at 0.35% Cu between 35m and 96m.
- 33m at 0.70% Cu between 130m and 163m.
- 26m at 0.83% Cu between 225m and 251 meters.
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The Phase 5 drilling program has currently completed
11 cored holes for a total of 5,620 meters.
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Based on assay results received, the planned drill
hole locations for remaining holes have been modified for
optimal intersections of the known mineral resource. Phase
5 now plans to drill 16 targets for approximately 8,700
meters.
Blackthorn Resources Limited (ASX: BTR) ("the
Company" or "Blackthorn Resources") has
received copper assay results for drill holes S36-027 and
S36-028 from its 100% held Mumbwa Project in Zambia.
Blackthorn Resources is targeting Iron Oxide Copper-Gold
(IOCG) style mineralisation in the Mumbwa District, which is
located approximately 200 km west of the capital
Lusaka.
The Company commenced the Phase 5 program in August
2011 to drill 'infill' and 'stepout' holes
over the Kitumba mineral resource area, as well
'scout' drilling the newly identified regional
anomalies at Mutoya which is located approximately 6km
north-west of Kitumba. The program was designed to provide
additional information for a revision of the maiden inferred
mineral resource statement previously released on 19 October
2009. It is anticipated that a revised mineral resource
statement for the Kitumba area will be available by mid-
2012.
The Phase 5 program has completed drilling 11 holes for
a total of 5,619.32m, with 6 planned holes remaining. The
Company has reviewed the planned targets together with assay
results received to date. The remaining planned Phase 5 drill
holes have been modified to ensure optimal intersections are
made with the interpreted mineral resource model. The revised
drill hole parameters are shown in Table 1.
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