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Blackthorn Resources To Release Much Awaited Kitumba Prefeasibility Study Results Soon

Blackthorn Resources (ASX: BTR) expects to release within the next week or so the summary results of the Prefeasibility Study for its wholly-owned Kitumba project in Zambia.

Besides the release of the PFS, investors should also keep an eye out over the coming weeks for the release of additional assay results from the company's Phase 7 drilling, where visual evidence of mineralisation has been noted.

The PFS is currently being completed with the consultant's report soon to be finalised and will be released once the outcomes have been reviewed by the company.

Blackthorn's PFS is targeting an underground operation focussed on the high-grade core of the deposit, using a combination of flotation and Solvent Extraction and Electro Winning (SXEW) processing technology.

Assay results

Additional assay results from Phase 7 drilling, which is nearing completion, are also due in the near future with the next batch expected to be released to the market during the week ending 6 September 2013.

Previous results from Phase 7 had included the best ever intercept of 243 metres at 5% copper from 208 metres.

There is visual evidence of mineralisation in core samples taken from the infill drilling program, with readings taken by the hand-held XRF indicating further high-grade copper results.

Once all the results from the 14 hole drilling program totalling about 8,000 metres from this phase have been received, the company intends to review and update the Kitumba Resource statement later in the year.

Kitumba has a current Indicated Resource of 87.6 million tonnes at 1.17% copper

It will also undertake a review of the data and the geological model and reassess its exploration plans for Kitumba and elsewhere on the Mumbwa Project.

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