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- Blackstone Minerals (BSX) has continued to intersect massive sulfied vein mineralisation (MSV) at the Ta Khoa Nickel Project’s King Snake prospect in Vietnam
- The company is drilling at King Snake and, due to the exploration success so far, sees significant potential in the project
- An additional five holes at King Snake have intersected MSV mineralisation
- One of the holes, KS21-06, intersected 19.55 metres of continuous mineralisation
- On the market today, Blackstone is up 3.96 per cent and is trading at 52.5 cents per share
Blackstone Minerals (BSX) has continued to intersect massive sulfied vein (MSV) mineralisation at the Ta Khoa Nickel Project’s King Snake Prospect in Vietnam.
Currently, the company is drilling at King Snake and sees significant potential for it to be incorporated into ongoing mining and processing studies, given the exploration success so far.
Earlier this month, Blackstone intersected a MSV mineralisation at the project.
Now, an additional five holes at King Snake have intersected MSV mineralisation. One of the hole, KS21-06 intersected 19.55 metres of continuous mineralisation, including disseminated sulfide, semi-massive sulfide vein and MSV.
When combined with historic drill results, the new intersections have defined a strike length of 800 metres. Notably, the mineralisation is open in multiple directions.
Drilling at King Snake is focussing on new electro-magnetic (EM) geophysics targets which extends down plunge to the west of historical drilling.
King Snake has the potential to materially add to the company’s MSV mining
inventory and support the restart of the existing 450,000 tonnes per annum of Ban Phuc concentrator.
“We are pleased by the rate of drilling at King Snake and the success of our exploration strategy in following up EM targets defined by our in-house geophysics team,” Managing Director Scott Williamson said.
“King Snake features multiple EM plates and is proving to be one of Blackstone’s best massive sulfide nickel opportunities to date. We look forward to further aggressive drilling, reporting assays as they become available and being able to incorporate King Snake into our massive sulfide strategy,” he added.
On the market today, Blackstone is up 3.96 per cent and is trading at 52.5 cents per share at 12:49 pm AEDT.
