Blackstone Minerals Ltd - Ban Chang Prospect Extended By 1km – 5.7m @ 2% Ni, 1% Cu & 1g/t PGE
Blackstone Minerals Ltd (ASX:BSX)

Ban Chang Prospect Extended By 1km – 5.7m @ 2% Ni, 1% Cu & 1g/t PGE

Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has extended the strike of the Ban Chang prospect by more than 1km, with “step out” reconnaissance style drilling intersecting high-grade mineralization:

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What are the key highlights?

  1. Blackstone’s drill hole BC20-03 is located more than 1km along strike from Blackstone’s maiden drill hole at Ban Chang.
  2. Blackstone’s four maiden drill holes at Ban Chang have all intersected massive sulfide nickel over a 1.2km strike within a 1.2km long massive sulfide target zone defined by high priority electromagnetic (EM) plates.
  3. Assays are still pending for drill holes BC 20-02 which intersected 1.2m of massive sulfide veins (MSV) and BC 20-04 which intersected 15.4m of sulfide vein mineralisation.
  4. Blackstone is targeting MSV prospects analogous to the Ban Phuc MSV, where previous owners mined 975kt of high-grade ore at average grades of 2.4% Ni & 1.0% Cu from an average vein width of 1.3m, producing 20.7kt Ni, 10.1kt Cu and 0.67kt Co.

For further information, please refer to the announcement linked below.

Managing Director's Summary

Scott Williamson

“Our latest assays confirmed a new zone of high grade mineralisation which was previously untested. We have demonstrated strong potential for a bulk underground mining scenario at Ban Chang which could be significantly larger scale than the previously mined Ban Phuc massive sulfide underground mine. At Ban Phuc, the previous owners successfully mined a narrow massive sulfide vein at much lower nickel prices than today. With bulk underground mining and the potential for significant PGE credits, we could be looking at a very economic mining scenario at Ban Chang. We have now drilled significant massive sulfide nickel mineralisation over 1km of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulfide mineralisation. Ban Chang is the first of 25 MSV targets to be tested throughout the Ta Khoa NiCu-PGE district, leaving plenty of upside for adding high-grade feed to a bulk open pit mining scenario at Ban Phuc.”

Scott Williamson
Managing Director, Blackstone Minerals Ltd

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