Blackstone Minerals (ASX:BSX) -
Part of the Ta Khoa nickel project. Source: Blackstone Minerals
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  • Blackstone Minerals (BSX) begins infill drilling at the King Snake Prospect and already achieves success in hole KS21-34
  • Drilling will focus on electromagnetic targets which extend down plunge and to the west of historical drilling
  • Hole KS21-34 was the most successful and intersected 8.5 metres of massive sulphide vein, semi-massive sulphide vein and net textured sulphide
  • The work also intersected up to 2.87 per cent nickel, 2.21 per cent copper, 0.09 per cent cobalt, and 3.7 grams of platinum group elements per tonne
  • Shares in Blackstone are up 0.93 per cent on the market and are trading at 54.5 cents at 11:22 am AEST

Blackstone Minerals (BSX) has begun infill drilling at the King Snake Prospect and has already achieved success in hole KS21-34.

The King Snake Prospect is part of the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project which lies 160 kilometres west of Hanoi in Vietnam.

Drilling at King Snake will focus on electromagnetic (EM) targets which extend down plunge and to the west of historical drilling.

Hole KS21-34 was the most successful and intersected 8.5 metres of massive sulphide vein (MSV), semi-massive sulphide vein (SMSV) and net textured sulphide (NTS).

Other results include 1.16 metres at 1.06 per cent nickel, 2.21 per cent copper, 0.04 per cent cobalt and 3.7 grams of PGE per tonne (g/t) from 42.34 metres; and 0.55 metres at 2.87 per cent nickel, 1.05 per cent copper, 0.1 per cent cobalt and 2.4g/t PGE from 209.45 metres.

Managing Director Scott Williamson is pleased with the results.

“Blackstone’s initial geophysical assessment has been confirmed with mineralisation extending over a strike length close to one kilometre, while continuing to plunge deeper to the west,” he said.

“Importantly, the results to date provide a solid foundation to commence mine planning and incorporate the King Snake target into our upcoming UBU pre-feasibility study.”

Shares in Blackstone are up 0.93 per cent on the market and are trading at 54.5 cents at 11:22 am AEST.

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