The weekend edition of the Financial review for 25 & 26 February...

The weekend edition of the Financial review for 25 & 26 February has an article entitled "BHP may regret Zambian Copper Exit". BHP withdrew from the Zambian copper project in May of 2011 after it spent $40 million on drilling citing the project hadn't shown the potential to develop into something as huge as the Olympic Dam mine in South Australia. Blackthorn has progressed its exploration after BHP exited and has now come up with some most impressive high grade copper results.i.e.231 metres grading 4.49 percent copper and 17 metres at 14.48 percent. The market reacted positively to this announcement and the share accelrated by 44.4 percent in one day.

Director Scott Lowe (forme BHP man)said the results confirm the high grade potential of Mumbwa. Tom Whiting former Head of BHP exploration and now a technical adviser to Blackthorn believes BHP passed over some promising targets that Blackthorn now plans to drill.

Added to this is the partnership Blackthorn has with the giant mining house Glencore. The Perkoa zinc mine in Burkina faso is being brought into production with the support of Glencore who have taken a 13% equity in the company.

Derek Carter joined Blackthorn earlier this month as a non-executive Director. He posseses somne extensive experience and expertise in copper exploration. He is currently also exploration chairman at Minotaur. While Carter was managing Director at Minotaur the company discovered the prominent hill mine in South Australia which now operates as a very financial and profitable mine owned by Oz Minerals.

The potential for Blackthorn to move forward with such a high grade copper discovery, experienced technical advisers in the industry on board ( Whiting & Carter)is now further enhanced. Additional drilling results are to be released in March. A upgraded JORC is also expected.

DYOR