What's happened?
Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has intersected further high-grade Nickel-Cu-PGE at the Ban Chang prospect with the following results:
What are the key highlights?
- Blackstone is targeting massive sulfide vein (MSV) prospects analogous to the Ban Phuc MSV, where previous owners successfully mined 975kt of high-grade ore at average grades of 2.4% Ni & 1.0% Cu from an average vein width of 1.3m for 3.5 years between 2013 and 2016, producing 20.7kt Ni, 10.1kt Cu and 0.67kt Co.
- A recently purchased third drill rig will follow the geophysics crew throughout the Ta Khoa nickel sulfide district, testing high priority EM targets generated from 25 MSV prospects including King Snake, Ban Khoa, Ban Chang, and Ta Cuong.
- Drilling continues with Blackstone’s largest drill rig testing the King Cobra Discovery zone (KCZ) and Blackstone’s two smaller drill rigs at Ban Chang East and Ban Chang West.
- Blackstone’s Scoping Study on downstream processing to produce nickel sulfate for the lithiumion battery industry and Ban Phuc maiden resource are on track for completion in Q3, CY20.
For further information, please refer to the announcement linked below.
