Blackthorn Resources (ASX: BTR) caught investors' attention today with a stunning intersection of 231 metres at 4.5% copper from 201 metres at the Mumbwa Project in Central Zambia.
This is the best discovery to date at the project by Blackthorn.
Included in this intersection were the high grade lengths of; 17 metres at 14.88% copper from 211 metres; 10 metres at 10.06% copper from 265 metres; and 10 metres at 9.11% copper from 283 metres.
Blackthorn is exploring the area for Iron Oxide Copper-Gold style of mineralisation.
Drilling is ongoing at the project, with the phase five program to include 19 holes for around 9700 metres, and will wrap up in about a months' time - with assays to follow thereafter.
By the close, Blackthorn's shares had added $0.315 or 44% on the day to $1.025, with more than five million shares changing hands.