Join our daily newsletter At The Bell to receive exclusive market insights
- Blackstone Minerals (BSX) has intersected further high-grade massive sulphide nickel-copper-PGEs at the Ban Chang prospect in Vietnam
- Results have peaked at 3.32 per cent nickel, 3.89 per cent copper, 0.16 per cent cobalt, and 1.65g/t PGE
- The maiden holes at Ban Chang have intersected high-grade massive sulphide nickel over a strike length of 1.2 kilometres, extending the target zone to more than two kilometres in length
- Blackstone is now continuing its exploration program with work currently being carried out at Ban Chang and the Ban Phuc nickel mine
- Company shares are up two per cent and currently trading for 52 cents each
Blackstone Minerals (BSX) has intersected further high-grade massive sulphide nickel-copper-PGEs at the Ban Chang prospect.
Ban Chang is part of Blackstone’s Ta Khoa Nickel-Copper-PGE (platinum group element) project in Vietnam.
Significant results include 14.65 metres at 0.74 per cent nickel, 0.71 per cent copper, 0.05 per cent cobalt and 0.7g/t PGE from 57 metres including 0.87 metres at 3.32 per cent nickel, 3.89 per cent copper, 0.16 per cent cobalt and 1.65g/t PGE from 56.78 metres.
The company’s maiden drill hole at Ban Chang have intersected high-grade massive sulphide nickel over a strike length of 1.2 kilometres, extending the target zone to more than two kilometres in length.
These results have followed-on from Blackstone’s recent discovery of massive sulphide nickel targets at the Viper Discovery Zone.
“Drilling continues to deliver consistent, broad intersections of nickel sulphide mineralisation from shallow depths with average widths of 10 metres throughout most of the Ban Chang prospect,” Managing Director Scott Williamson said.
“We aim to drill out Ban Chang over the coming months and upgrade our resource inventory by the end of CY20,” he added.
Blackstone is now continuing its exploration program with three rigs currently testing massive sulphide vein targets at Ban Chang, and three rigs testing down dip extensions of the King Cobra Discovery Zone at the Ban Phuc nickel mine.
Company shares are up two per cent and trading for 52 cents each at 12:03 pm AEST.
