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Blackthorn Resources: Mumbwa Project - Assay Results and PFS Optimisation Update

  • Assay results received for KITDD_034 and extensions to S36_026 and S36_028
  • KITDD_034 has returned 58m @ 1.00% from 571m to 629m
  • Kitumba PFS Optimisation study underway
  • Results for satellite targets KITDD_038, KITDD_039 and KITDD_040 are still pending

Blackthorn Resources Limited (ASX: BTR) provide assay results for drill holes KITDD_034 and the extensions to holes S36_026 and S36_028, as well as an update on the Kitumba Project PFS optimisation.

The location of these drill holes is shown in Figure 1. A section showing the holes against the April 2013 Mineral Resource model is contained in Figure 2.

PFS Optimisation

The Company is also pleased to advise that work on the PFS optimisation is now underway, with Perth-based Lycopodium Minerals Pty Ltd and Australian Mining Consultants (AMC), along with other specialist consultants, engaged to complete a series of optimisation studies (PFS-OS) on the September 2013 Kitumba Prefeasibility Study.

Metallurgical testing on samples collected during the recent Phase 7 drilling program is currently underway at hrl testing Pty Ltd in Brisbane.

The optimisation study is expected to be completed by the end of March 2014.

Acting CEO, Mr Mike Oppenheimer said: “KITDD_034, which was drilled to target primary sulphides at depth, has confirmed the northwards extension of the hypogene zone identified in drill hole S36_026 (41m at 2.31% Cu). This mineralised zone represents a separate mineralised zone to the main Kitumba mineralisation. This zone will be considered during the PFS Optimisation study to determine whether it could be accessed from the bottom of the proposed underground mine development and add further value to the project.”

 

 

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