- Blackstone Minerals (BSX) has discovered a new zone of nickel mineralisation at the Ta Khoa Nickel-Copper-PGE project in Vietnam
- The new zone, which has been named the Viper Discovery Zone (VDZ), is located east of the Ban Chang prospect
- The VDZ was identified by Blackstone’s in-house geophysics team and was followed-up by its geophysics crew to gain a better understanding of the prospectivity
- The geophysics crew discovered a nickel-copper gossan with up to 0.8 per cent nickel and 0.5 per cent copper
- Blackstone remains on track to deliver a maiden resource estimate and scoping study this quarter
- Company shares are up 7.14 per cent and are trading for 45 cents each
Blackstone Minerals (BSX) has discovered a new zone of nickel mineralisation at the Ta Khoa Nickel-Copper-PGE project in Vietnam.
The new zone, which has been named the Viper Discovery Zone (VDZ), is located east of the Ban Chang prospect.
The VDZ was identified by Blackstone’s in-house geophysics team and was followed-up by its geophysics crew to gain a better understanding of the prospectivity.
The geophysics crew discovered a nickel-copper gossan with up to 0.8 per cent nickel and 0.5 per cent copper.
The VDZ is a blind discovery which has had no surface exposures of nickel sulphide which makes future similar discoveries possible.
“We’re excited to announce the new Viper Discovery Zone at Ban Chang, a massive sulphide target initially generated by our in-house geophysics team and recently follow up by our geology team to confirm the potential of the target to host nickel-copper sulphide mineralisation,” Managing Director Scott Williamson commented.
“The VDZ is a blind discovery which bodes well for further blind discoveries throughout the Ta Khoa Nickel-Copper-PGE district and shows the potential of this project to host much more undiscovered nickel sulphide mineralisation,” he said.
Blackstone remains on track to deliver a maiden resource estimate and scoping study this quarter.
Company shares are up 7.14 per cent and are trading for 45 cents each at 12:36 pm AEST.