Blackstone Minerals Ltd - Blackstone Intersects Broad Zones of Nickel Sulfides At Ban Chang

What happened?

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has announced that it has intersected further high-grade massive sulfide Nickel-Cu PGE at its Ban Chang prospect. The results announced include the following:

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Source: ASX release, 2nd September 2020

What are the key highlights?

Blackstone’s maiden drill holes at Ban Chang have intersected high‐grade massive sulfide nickel over a 1.2km strike within a massive sulfide target zone now extended to more than 2km strike.
Results follow Blackstone’s recent blind discovery of massive sulfide nickel targets at the Viper Discovery Zone (VDZ) with a series of new shallow electromagnetic (EM) anomalies located ~200m north-east of Ban Chang East.
Blackstone is continuing its aggressive exploration program with six drill rigs of which four are owned by the Company.
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 more 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

"Drilling continues to deliver consistent, broad intersections of nickel sulfide mineralisation from shallow depths with average widths of ~10m throughout most of the Ban Chang prospect and broader zones within Ban Chang East with greater than 20m wide intersections of potentially bulk‐mineable grade Ni‐Cu‐PGE mineralisation. We aim to drill out Ban Chang over the coming months and upgrade our resource inventory by the end of CY20. We are continuing to systematically test 25 MSV targets throughout the Ta Khoa Ni‐Cu‐PGE district to add further high‐grade feed to our bulk open‐pit mining scenario at Ban Phuc and the KCZ."