Blackthorn Resources granted additional large-scale prospecting licence in Zambia

Jul. 11, 2011 2:02 AM ET
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Blackthorn Resources (ASX: BTR) has again increased the company's landholding in the underexplored and highly prospective southern African country of Zambia.

Blackthorn has been granted an additional large-scale prospecting licence to be called 'Kachindu’, which covers 236 square kilometres in the Mumbwa District.

The Kachindu area was originally part of the Mumbwa Project area that was being explored by BHP Billiton (ASX: BHP) and Blackthorn as part of the Mumbwa joint venture, with Blackthorn applying for the vacant ground which was relinquished by BHP in 2009.

This grant is in addition to ‘Masafwa’ last month, with the company now holding more than 430 square kilometres of prospecting licences in Zambia.

Blackthorn also continues to actively explore the neighbouring Mumbwa prospect for copper-gold (IOCG) mineralisation and is targeting extensions in the region.

The Mumbwa large-scale prospecting licence is currently held by BHP on behalf of the Mumbwa joint venture, with the companies working mutually to renew the Mumbwa prospecting licence for its third term, prior to transferring 100% ownership of the licence to a Blackthorn subsidiary.

Scott Lowe, managing director of Blackthorn, commented, "Blackthorn Resources is very pleased to be venturing further into Zambia and expanding its tenement position and exploration activity.

"The company is designing a vigorous exploration program which is not only targeting further mineral resources associated with the known Kitumba deposit, but will also extend the search and further review untested anomalies within its greater prospecting area."

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