- Blackstone Minerals (BSX) has intersected massive sulphide vein mineralisation at the Ta Khoa Nickel Project’s King Snake prospect in Vietnam
- The prospect now has a strike length of over 800 metres, which includes various styles of sulphide mineralisation that is open in multiple directions
- Samples from drilling at King Snake are currently at the lab and, once received, will support a planned maiden resource estimate for the site
- Blackstone is up 5.62 per cent and shares are trading at 47 cents
Blackstone Minerals (BSX) has intersected massive sulphide vein (MSV) mineralisation from a maiden exploration program at the King Snake prospect.
The King Snake prospect is part of the Ta Khoa Nickel Project in Vietnam. It’s located 1.5 kilometres northeast of the Ban Phuc DSS deposit where previous owners mined 975,000 tonnes of high-grade ore between 2013 and 2016.
After collating the maiden program at King Snake with historical drill results, the company defined the prospect’s strike length to over 800 metres, which includes MSV, semi-massive sulphide vein and disseminated sulphide mineralisation that is open in multiple directions.
Wide nickel sulphide intersections include 9.4 metres of sulphide mineralisation including 1.18 metres of MSV, and 1.97 metres of MSV.
Samples from drilling at King Snake are currently at the lab and results will be reported on once they’re received.
These results will support a planned maiden resource estimate for King Snake, which may be incorporated into ongoing mining and processing studies.
“We will pursue an aggressive drilling program at King Snake as we look to build a high grade MSV mining inventory to support the restart of the existing 450ktpa Ban Phuc concentrator,” Managing Director Scott Williamson said.
Blackstone has spent the last year drilling and exploring multiple prospects within the Ta Khoa Nickel Project. This aligns with its goal of developing the Vietnamese project into a reliable upstream and downstream business that supplies nickel, cobalt and manganese products for Asia’s lithium-ion battery industry.
Blackstone is up 5.62 per cent and shares are trading at 47 cents at 11:51 am AEDT.