What's happened?
Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has discovered a new zone of nickel mineralisation coincident with high priority electromagnetic (EM) plates at the Viper Discovery Zone (VDZ), east of Ban Chang.
What are the key highlights?
- Blackstone’s in-house geophysics crew recently generated the blind discovery of potential massive sulfide nickel targets at VDZ with a series of new shallow EM anomalies located ~200m north-east of Ban Chang East.
- VDZ is a blind discovery with no surface exposures of nickel sulfide or ultramafic which bodes well for further blind discoveries of massive sulfide nickel using Blackstone’s in-house geophysics crews to unlock the extensive potential throughout the Ta Khoa Nickel-Cu-PGE district.
- Blackstone’s four maiden drill holes at nearby Ban Chang all intersected massive sulfide nickel over a 1.2km strike within a 1.2km long massive sulfide target zone defined by high priority EM plates.
For further information, please refer to the announcement linked below.