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Blackstone Minerals (ASX:BSX) - Managing Director, Scott Williamson
Managing Director, Scott Williamson
Source: 121 Mining Investment Events
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  • Blackstone Minerals (BSX) has intersected massive sulphide in its three maiden drill holes at the Ban Chang prospect in Vietnam
  • The aim of this program is to target massive sulphide veins and build the resource inventory at the overarching Ta Khoa project
  • All three holes intersected massive sulphide, with best results including 2.98 per cent nickel, 2.12 per cent copper, and 3.43 grammes per tonne platinum group elements (PGE)
  • A second rig will now be deployed at the project area and test high priority electromagnetic targets at multiple prospects
  • Blackstone is up a healthy 10.3 per cent in mid-morning trade and shares are selling for 16 cents each

Blackstone Minerals (BSX) has intersected massive sulphide in its three maiden drill holes at the Ban Chang prospect.

Ban Chang is part of the Ta Khoa Nickel-Copper-PGE (platinum group element) project in Vietnam.

The aim of this drilling program is to target massive sulphide veins (MSV) and build the resource inventory at Ta Khoa.

All three holes intersected massive sulphide, while the best result came from hole BC20-01.

This hole intersected 1.5 metres at 2.2 per cent nickel, 2.12 per cent copper, 0.13 per cent cobalt and 2.66g/t PGE from 58.5 metres, including 1.05 metres at 2.98 per cent nickel, 1.22 per cent copper, 0.18 per cent cobalt and 3.43g/t PGE.

The remaining two holes, BC20-02 and BC20-03, intersected 1.2 metres of MSV and 9.15 metres of MSV respectively.

“Our first assays from Ban Chang confirm a high grade magmatic nickel sulphide vein with significant by-products including copper, cobalt, platinum and palladium,” Managing Director Scott Williamson commented.

“We look forward to further results from Ban Chang as we continue to drill test the 1.2 kilometre-long massive sulphide EM targets over the coming weeks,” he said.

Blackstone is now aiming to deliver a maiden resource in the third quarter.

A second rig will work throughout the Ta Khoa project area and test high priority electromagnetic (EM) targets at the King Snake, Ban Khoa, Ban Chang, and Ban Khang prospects.

Blackstone is up a healthy 10.3 per cent in mid-morning trade and shares are selling for 16 cents each at 10:53 am AEST.

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