HomeGoldBlackthorn granted new exploration permits

Blackthorn granted new exploration permits

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Sydney, Australia — MININGREVIEW.COM — 24 February 2009 – Blackthorn Resources Limited – an Australian-based resources company with a diverse portfolio of African assets – has been granted two additional exploration permits by the Ministry of Mines in Burkina Faso.

In a statement released here, the company revealed that the two new permit areas, Séboun and Sepaogo, covered 285.5 squ kms, and were additional to its current portfolio of five exploration tenements where exploration for gold was currently being undertaken. The successful acquisition of these additional permits had increased the company’s exploration tenement holding in Burkina Faso by 34% to approximately 1 134 squ kms.

Blackthorn said it had been attracted to these areas based on previous exploration work, including a Versatile Time-Domain Electro Magnetic (VTEM) survey. These new exploration permit areas were contiguous with the existing Poa and Guido permits held by the company.

Managing director Scott Lowe commented: “Gold has held its value and even increased in price throughout the recent economic downturn, and we are very pleased to have gold prospects in our portfolio. A considerable amount of gold exploration work is already underway, including soil geochemistry and geophysical surveys, and we will now expand our work programme to include activities within the two new permit areas,” he added. “In the near future we intend to provide more details to the market about our current and future gold exploration activities.