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Blackthorn Resources Limited advised its wholly-owned subsidiary Nantou Mining Ltd BV has been granted renewal of the Seboun and Sepaogo exploration permits in Burkina Faso, West Africa.
Nantou holds 100% ownership of the Seboun and Sepaogo permits covering an area of 185 sq. km and 26.4 sq. km respectively. The exploration permits are strategically located to create a contiguous block with other exploration permits (Poa and Guido) held by Nantou. Favourable geology from the Boromo Greenstone belt is included within the exploration permits, which is also host to the Perkoa zinc project and other gold operations in Burkina Faso. The Company has an established presence in the country and has been exploring the region for the past 6 years with offices in Ouagadougou. The Company has planned an exploration program to expand exploration into these areas in search of additional base metals and/or silver/gold mineralisation. It is envisaged that the discovery of any base metals, primarily zinc and lead, or silver would be used to supplement the ore reserve at the nearby Perkoa Project. The discovery of gold would be considered as a stand-alone operation. Blackthorn Resources has based its exploration model on Volcanogenic Massive Sulphide (VMS) style of mineralisation for base metals and silver. The model assumes the typical characteristic that VMS style deposits generally occur in groups or clusters. The presence of gold is likely to occur as multiple mineralised shear zones and/or gold in vein quartz. There are numerous small-scale artisanal gold mining areas across the area being operated by local Burkinabe’s. The total exploration permit holding of the Company is 1,060.4 sq. km., which occurs in two main groups, referred to as the Northern Tenement and the Southern Tenements. The Northern Tenements are comprised of the Seboun, Poa, Guido and Sepaogo permit areas. More information, click here. |
