Blackstone Minerals Ltd - Blackstone Discovers new Viper Nickel Zone At Ta Khoa

What happened?

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has discovered a new zone of nickel mineralisation coincident with high priority electromagnetic (EM) plates at the Viper Discovery Zone (VDZ), east of Ban Chang.

What are the key highlights?

Blackstone’s in-house geophysics crew recently generated the blind discovery of potential massive sulfide nickel targets at VDZ with a series of new shallow EM anomalies located ~200m north-east of Ban Chang East.
VDZ is a blind discovery with no surface exposures of nickel sulfide or ultramafic which bodes well for further blind discoveries of massive sulfide nickel using Blackstone’s in-house geophysics crews to unlock the extensive potential throughout the Ta Khoa Nickel-Cu-PGE district.
Blackstone’s four maiden drill holes at nearby 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 EM plates.

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

Managing Director's summary

Scott Williamson Managing Director of Blackstone Minerals Ltd has provided a statement.

Scott Williamson

Managing Director, Blackstone Minerals Ltd

“We’re excited to announce the new Viper Discovery Zone at Ban Chang, a massive sulfide target initially generated by our in-house geophysics team and recently followed up by our geology team to confirm the potential of the target to host nickel-copper sulfide mineralisation. The VDZ is a blind discovery which bodes well for further blind discoveries throughout the Ta Khoa Nickel Cu-PGE district and shows the potential of this project to host much more undiscovered nickel sulfide mineralisation. In addition to blind discovery potential, we have 25 massive sulfide targets, which are all associated with outcropping mineralisation at surface, and with our in house geophysics team, we can generate additional blind discoveries that were not known to previous operators of the project."