Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Blackthorn Resources Delivers 174m Grading 5.04% Copper At Kitumba  0 comments
    Sep 4, 2013 9:44 PM

    Blackthorn Resources (ASX: BTR) continues to receive exceptional assays from its now completed Phase 7 drilling at its Kitumba project in Zambia with infill drilling returning 174 metre at 5.04% copper from 240 metre intersection in the latest results.

    Three other infill holes also returned results in line with the Kitumba mineral resource model.

    Kitumba is part of Blackthorn's wholly-owned Mumbwa Project in west central Zambia that covers 250 square kilometres and is being explored for Iron Oxide Copper Gold style mineralisation.

    "Infill drilling at Kitumba continues to deliver world-class results and whilst these holes were targeted on the known high-grade core with the aim of converting Indicated resource material to the Measured resource category, they confirm the quality of the Kitumba deposit," managing director Scott Lowe.

    This follows on a recent intercept of 243 metres at 5% copper from 208 metres.

    Hole KTIDD_028, which returned the latest wide intercept also included higher grade zones of 20 metres at 8.09% copper from 261 metres, 16 metres at 10.33% copper from 303 metres and 25 metres at 9.83% copper from 340 metres.

    Phase 7 drilling is now complete with a total of 8,231m of diamond drill core completed, including all infill holes, the extensions on S36-026 and S36-028, KITDD_034 and geotech holes.

    Assays from the remaining holes are pending.

    Kitumba Drilling

    The Phase 7 drilling program was designed to focus on the conversion of material in the Indicated category to Measured in the high grade core. A total of 10 infill holes and 3 geotechnical holes were planned.

    The extension of holes S36-026 and S36-028 as well as a single angled hole from surface - KITDD_034 - were drilled to assess the potential for further deep hypogene mineralisation while geotechnical holes were designed to characterise the structural and engineering properties of material within the current extent of any potential future mining operations.


    The latest batch of results from the Phase 7 drilling adds further to the confidence to convert the Indicated Resource at the world class Kitumba project into a Measured Resource.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.