Blackstone Minerals Ltd - Blackstone Doubles Exploration Capacity At Ta Khoa Nickel-Cu-PGE Project
Blackstone Minerals Ltd (ASX:BSX)

Blackstone Doubles Exploration Capacity At Ta Khoa Nickel-Cu-PGE Project

Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has added a second geophysics crew and three additional drill rigs to double its exploration capacity at the Ta Khoa Nickel-Cu-PGE project in Vietnam.

What are the key highlights?

  1. The Company’s geophysics programs have been highly effective at identifying nickel sulfide targets. Adding a second geophysics crew is expected to expediate exploration by identifying additional targets for follow-up drilling.
  2. Blackstone recently purchased a fourth diamond drill rig to accelerate drilling to supplement the ongoing study work focused on downstream processing to produce nickel sulfate for the lithium-ion battery industry.
  3. Blackstone now has six diamond drill rigs operating, four of which are owned by the Company. Three rigs are drilling at Ban Chang, testing massive sulfide vein (MSV) targets and three are testing down dip extensions of the King Cobra Discovery Zone (KCZ) at Ban Phuc.
  4. Blackstone’s four maiden drill holes at Ban Chang 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.
  5. A maiden resource estimate is due this quarter and accelerated drilling aims to drill new targets and complete infill drilling to update the resource.

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

Managing Director's Summary

Scott Williamson

“Blackstone is pleased to announce that we have doubled our exploration capacity to allow us to accelerate our exploration program to rapidly unlock what’s shaping up to be a world class nickel sulfide district at Ta Khoa. We have expanded our exploration capacity by adding an additional geophysics crew and a further three drill rigs. The additions will ensure we can progress the project as rapidly as possible in a cost-effective manner. We are looking forward to a steady stream of drilling results during Q3 and Q4 2020 and will keep our shareholders up to date as results become available."

Scott Williamson
Managing Director, Blackstone Minerals Ltd

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