Blackthorn Resources (ASX: BTR) within a month will receive lead and silver assays from the Perkoa Project in Burkina Faso, along with investigations into value enhancements / changes from joint venture partner and manager Glencore International.
The potential for Blackthorn is if Glencore comes up with a strong positive case for investment, then this will transform a zinc mine into a larger capacity, polymetallic mine.
The current diamond core drilling program is targeting along-strike extensions, with the focus to examine the potential for silver and lead mineralisation.
Currently six drill holes have been completed for a total of 1102 meters.
Boosting the prospectivity of the area - the target area is situated along strike to the existing underground ore reserve, within a zone which has not been previously tested extensively for associated zinc, silver and lead.
Scott Lowe, managing director of Blackthorn, said "We are looking forward to assessing the assay results when they are available and reviewing the outcome of Glencore’s investigations into the potential value enhancing changes to the scope of the Perkoa Project."
Blackthorn said investigations into the viability of changes to the Perkoa Project business case to include silver and lead production, a 40% increase in plant capacity to 1 Mtpa and the introduction of open-cut mining to supplement the underground production are continuing.
Glencore has advised Blackthorn that a draft report on the outcome of this assessment will be available during July 2011.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/17629/blackthorn-resources-value-enhancements-pending-for-perkoa-from-jv-partner-glencore-international-17629.html
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