- Blackstone Minerals (BSX) identifies new massive nickel sulphide targets at its flagship Ta Khoa nickel project (TKNP) in Vietnam
- The targets were identified at the Suoi and Suoi Chanh prospects where drilling intersected 2.95 metres and 0.1 metres of sulphides, respectively
- Drilling is now continuing at the Ban Chang and King Snake deposits with a primary focus on upgrading the current resources to a higher confidence category
- Blackstone is down 1.72 per cent on the market with shares trading at 28.5 cents at 11:40 am AEST
Blackstone Minerals (BSX) has identified new massive nickel sulphide targets at its flagship Ta Khoa nickel project (TKNP) in Vietnam.
At the Suoi prospect, Blackstone is following up on targets generated via surface electromagnetic (EM) surveying.
Portable XRF readings indicated up to 20 per cent nickel while hole SP22-01 intersected 2.95 metres of sulphides.
Drilling was also undertaken at the Suoi Chanh prospect with hole SC22-02 intersecting a mafic-ultramafic dyke with a thickness of 2.55 metres and 0.1 metres of semi-massive sulphides.
Drilling is continuing at the Ban Chang and King Snake deposits with a primary focus on upgrading the current resources to a higher confidence category.
Results from Ban Chang include 6.75 metres at 1.44 per cent nickel, 2.1 per cent copper, 0.08 per cent cobalt and 1.32 grams per tonne (g/t) platinum group elements (PGE) from 27.7 metres, including 3.65 metres at 2.58 per cent nickel, 2.1 per cent copper, 0.15 per cent cobalt and 1.21 g/t PGE.
At King Snake, drilling indicates the potential for the deposit to continue plunging further west and at depth.
Results include 1.35 metres at 3.67 per cent nickel, 0.54 per cent copper, 0.15 per cent cobalt and 2.25 g/t PGE from 154.1 metres, and 15.7 metres at 1.25 per cent nickel, 0.69 per cent copper, 0.05 per cent cobalt and 1.66 g/t PGE from 249.5 metres.
“It is an exciting phase of exploration for the company as we start to look at massive sulphide opportunities in addition to Blackstone’s established resources at Ban Chang and King Snake,” Managing Director Scott Williamson said.
“Suoi Chanh is yet another example of our in-house geophysics teams proven track
record, with success being achieved from the second drill hole.”
Blackstone was down 1.72 per cent on the market with shares trading at 28.5 cents at 11:40 am AEST.