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- Blackstone Minerals (BSX) has entered back-to-back trading halts as it plans and executes a capital raise
- The company’s shares will remain frozen until September 15 or when an announcement is made, whichever occurs first
- On September 7, Blackstone began drilling at the Ta Cuong prospect at the Ta Khoa Project in Vietnam
- The aim of this drilling is to target massive sulphide vein (MSV) prospects which are similar to the Ban Chang prospect and the Ban Phuc orebody
- Shares in Blackstone last traded for 47.5 cents on September 8
Blackstone Minerals (BSX) has entered back-to-back trading halts as it plans and executes a capital raise.
The company’s shares will remain frozen until September 15 or when an announcement is made, whichever occurs first.
At this stage, it is unclear how much Blackstone is aiming to raise or what it will use the funds for.
On September 7, Blackstone began drilling at the Ta Cuong prospect at the Ta Khoa Project in Vietnam.
The aim of this drilling is to target massive sulphide vein (MSV) prospects that are similar to the Ban Chang prospect and the Ban Phuc orebody.
Previous work at Ta Cuong has resulted in the discovery of a 130-metre long gossan, assaying 0.48 per cent nickel and 0.54 per cent copper.
Blackstone will spend the next few months undertaking ground-based electromagnetic surveys at Ta Cuong.
Follow-up drilling will then begin.
Shares in Blackstone last traded for 47.5 cents on September 8.
