Mokopane Prospecting Rights Renewal Granted
27 January 2009 - 9:03PM
UK Regulatory
TIDMBRL
RNS Number : 3020M
Blackthorn Resources Ltd
27 January 2009
BLACKTHORN RESOURCES LIMITED
27 JANUARY 2009
MOKOPANE PROSPECTING RIGHTS RENEWAL GRANTED
Blackthorn Resources Limited (ASX:BTR ; AIM:BRL) ("the Company" or "Blackthorn
Resources") is pleased to announce it has been granted renewal of the New Order
Prospecting Rights over the Mokopane Project in the Limpopo Province of South
Africa.
The renewal of the Prospecting Rights has been granted for a period of three
years, and is valid until April 2011 (based on the renewal date in April 2008).
The renewed Prospecting Rights are required to be lodged with the Mineral and
Petroleum Titles office within 30 days to register the title, and the Company is
progressing with this registration.
The Mokopane Project area is situated on the northern limb of the Bushveld
Igneous Complex, and covers approximately 960 hectares on the northern outskirts
of the Mokopane township. The Project area is close to infrastructure and
contains near surface mineralisation from within the Platreef sequence of the
Rustenberg Layered Suite, which is prospective for Nickel and Platinum Group
Elements (PGE).
There are five known mineralised areas within the prospecting area, described
as:
1. the Southwest,
2. the West,
3. the Northwest,
4. the Northeast, and
5. the Far North.
Previous exploration identified a JORC Compliant inferred resource within the
Southwest area, which is estimated to contain 39.7 million tonnes at 0.146%
nickel, 0.085% copper, 0.22 g/t platinum and 0.33g/t palladium (at a zero
cut-off rate) - as per the Company's announcement to AIM dated 21 March 2006.
Mineralisation is from surface to a depth of approximately 200 metres, and
remains open at depth and along strike towards the southeast.
Managing Director, Scott Lowe said "this is another great opportunity for the
Company to progress and develop one of its assets. In conjunction with its 26%
Black Economic Empowerment partner, Blackthorn Resources is currently looking at
strategic options to add value to this project".
Should you require further information please contact:
Scott LoweManaging DirectorPh: + 61 2 9357 9000
Fiona Owen
Grant Thornton UK LLP
Ph: +44 20 7383 5100
www.blackthornresources.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
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