Blackstone Minerals Ltd - Blackstone Intersects 200m Long High-Grade Nickel-Copper-PGE Zone At Ban Chang
Blackstone Minerals Ltd (ASX:BSX)

Blackstone Intersects 200m Long High-Grade Nickel-Copper-PGE Zone At Ban Chang

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Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has delineated a 200m long zone of high-grade Nickel-Copper-PGE following its maiden drill hole BC20-02 at Ban Chang.

What are the key highlights?

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  1. Blackstone’s four maiden drill holes at Ban Chang have all intersected massive sulfide nickel over a 1.2km strike within a 1.2km long massive sulfide target zone defined by high priority electromagnetic (EM) plates.
  2. Assays are pending for drill hole BC20-04 which intersected 15.4m of sulfide vein mineralisation.
  3. Blackstone is targeting massive sulfide vein (MSV) prospects analogous to the Ban Phuc MSV, where previous owners successfully mined 975kt of high-grade ore at average grades of 2.4% Ni & 1.0% Cu from an average vein width of 1.3m for 3.5 years.
  4. A recently purchased third drill rig will follow the geophysics crew throughout the Ta Khoa nickel sulfide district, testing high priority EM targets generated from 25 MSV prospects.

For more information please refer to the announcement linked below.

Managing Director's Summary

Scott Williamson

“Our latest assays confirm further high-grade mineralisation at Ban Chang. We continue to demonstrate strong potential for a bulk underground mining scenario at Ban Chang which could be significantly larger scale than the previously mined Ban Phuc massive sulfide underground mine. At Ban Phuc, the previous owners successfully mined a 1.3m wide MSV at much lower nickel prices than today. We are seeing broader widths and significant by-products which could lend to potentially better economics than when this mine previously operated. We have now drilled significant massive sulfide nickel mineralisation over 1.2km of strike at Ban Chang and our in-house geophysics crew continues to test for further massive sulfide mineralisation at the new target, Ta Cuong. Ban Chang and Ta Cuong are the first of our 25 MSV targets to be tested throughout the Ta Khoa Ni-CuPGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining cenario at Ban Phuc and the KCZ.”

Scott Williamson
Managing Director, Blackstone Minerals Ltd
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