- Blackstone Minerals (BSX) intersects almost 375 metres of nickel sulphide from its Ban Phuc DSS deposit at its Ta Khoa Project in Northern Vietnam
- The company’s final infill drill program at the deposit return some of the best disseminated results to date, including 374.7 metres at 0.3 per cent nickel
- The company says the deposit results will underpin its Upstream Business Unit pre-feasibility study due later this year
- Results from this program at the Ban Phuc deposit will be included into an updated resource estimate and form the basis of an updated mine plan
- Blackstone Minerals is up 8.24 per cent, trading at 46 cents
Blackstone Minerals (BSX) has intersected almost 375 metres of nickel sulphide from its Ban Phuc DSS deposit at its Ta Khoa Project in Northern Vietnam.
Blackstone’s final infill drill program at the deposit intersected some of the best disseminated results to date, including 374.7 metres at 0.3 per cent nickel, 0.1 per cent copper, 0.01 per cent cobalt and 0.07 grams per tonne (g/t) platinum group element (PGE) from two metres.
The drilling aimed to increase the indicated and inferred mineral reserve of the existing JORC resource.
Managing Director, Scott Williamson, said the Ban Phuc deposit will underpin the Upstream Business Unit (UBU) pre-feasibility study due later this year.
“In the relatively short amount of time since acquiring the Ta Khoa Nickel Copper PGE Project, Blackstone has been able to define a large, disseminated sulfide deposit which considerably adds to the security of supply for the company’s vertically integrated downstream refinery.”
Results from the final infill drilling program at the Ban Phuc deposit will be included into an updated resource estimate and form the basis of an updated mine plan.
Blackstone Minerals was up 8.24 per cent, trading at 46 cents at 12:56 pm AEST.