Monday, October 12, 2009
Blackthorn Resources gold project at Burkina Faso on track
Australian miner Blackthorn Resources (ASX: BTR) has yielded encouraging exploration results at the company¡¯s gold project at Burkina Faso in West Africa.
The company, which has a diverse portfolio of African assets including zinc, gold, copper, nickel and platinum group metals, is exploring over its tenements covering about 1,135sq km along the prospective Proterozoic Birimian-Boromo Greenstone belt.
Results from an IP survey in the northern tenements provided valuable insight into the current interpretation of the geology and target selection, with further targets selected for drill testing from the IK and Q22 prospects.
The phase three drilling program will now employ a Rotary Air Blast method to drill 126 vertical holes totalling 2,500m.
To date, 41 shallow RAB holes totalling 586m have been drilled.
The best results above a 0.45g/t cutoff were received from hole IKRB-019, which was drilled on the IK prospect, intersected 1m at 1.15g/t Au between 1m and 2m, 9m at 3.36g/t Au between 6m and 15m, including 4m at 7.38g/t Au between 8m and 12m.
The company expects drilling of the remainder of the 85 holes to resume in the coming weeks.
Blackthorn also completed a soil sampling program over four prospects from the southern tenements.
The soil sampling program targeted two areas Bonzan and Gaima from the Bonzan tenements, which identified three gold anomalies.
Another two prospects Laro and Bondane were targeted within the Naboue prospect, uncovering another three anomalies.
Blackthorn managing director Scott Lowe said West Africa was attracting a great deal of interest from the investment community in the gold exploration and production businesses.
http://www.proactiveinvestors.com.au/companies/news/2837/blackthorn-resources-gold-project-at-burkina-faso-on-track-2837.html
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