- Blackstone Minerals (BSX) intersects 5.35 metres of massive nickel sulphides at the Ban Chang prospect in Vietnam
- Drilling at Ban Chang identifies multiple massive sulphide lenses which are believed to be associated with dispersed sulphide zones
- This work also intersected up to 2.49 per cent nickel, 1.57 per cent copper, 0.14 per cent cobalt and 1.41 grams per tonne (g/t) platinum group elements
- A maiden resource estimate for Ban Chang is now expected to be completed in Q4 2021 and will be incorporated into the upcoming pre-feasibility study
- Shares in Blackstone are down 2.11 per cent, trading at 46 cents at 2:45 pm AEST
Blackstone Minerals (BSX) has intersected 5.35 metres of massive nickel sulphides at the Ban Chang prospect in Vietnam.
The Ban Chang prospect is part of the Ta Khoa Nickel-Copper-Platinum Group Element (PGE) Project which lies 160 kilometres west of Hanoi.
Drilling at Ban Chang has identified multiple massive sulphide lenses which are believed to be associated with dispersed sulphide zones.
Best results come from hole BC21-66 which intersected the 5.35 metres of massive nickel sulphides.
Other results include 3.8 metres at 1.13 per cent nickel, 0.59 per cent copper, 0.06 per cent cobalt and 0.52 grams of PGE per tonne (g/t) from 92.5 metres, including 1.6 metres at 2.49 per cent nickel, 0.65 copper, 0.14 per cent cobalt and 1.01g/t PGE from 93 metres.
A maiden resource estimate for Ban Chang is now expected to be completed in Q4 2021 and will be incorporated into the upcoming pre-feasibility study (PFS).
Managing Director Scott Williamson commented on the drilling program.
“We look forward to presenting a maiden resource at Ban Chang and incorporating the successful outcomes of infill drilling into a mine plan as part of our upstream business unit PFS,” Mr Williamson said.
“Drilling at Ban Chang is tightly spaced and has consistently intersected massive sulphide mineralisation, providing a high level of confidence as we progress through the next phases of mine development.”
Shares in Blackstone are down 2.11 per cent, trading at 46 cents at 2:45 pm AEST.