Blackstone Minerals Ltd - Blackstone Intersects 3.0% Ni, 2.1% Cu & 3.4g/t PGE at Ban Chang
Blackstone Minerals Ltd (ASX:BSX)

Blackstone Intersects 3.0% Ni, 2.1% Cu & 3.4g/t PGE at Ban Chang

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Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) maiden drill hole at Ban Chang has delivered the following significant high grade result:

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What are the key highlights?

  1. Blackstone’s three maiden drill holes have all intersected massive sulfide nickel over a 1km strike within a 1.2km long massive sulfide target zone.
  2. This target has been defined by high priority electromagnetic (EM) plates generated by the Company’s in-house geophysics crew with the support of Core Geophysics.
  3. Blackstone is testing high priority EM targets generated from 25 massive sulfide veins (MSV) prospects throughout the Ta Khoa nickel sulfide district.
  4. Blackstone is targeting MSV prospects analogous to the Ban Phuc MSV, where previous owners mined 975kt of high-grade ore at average grades of 2.4% Ni & 1.0% Cu from an average vein width of 1.3m.

Managing Director's Summary

Scott Williamson

“Our first assays from Ban Chang confirm a high grade magmatic nickel sulfide vein with significant by-products including copper, cobalt, platinum and palladium. When the by-products are included, the overall grades of the massive sulfides from Ban Chang are substantially higher than those successfully mined from the Ban Phuc massive sulfide mine during lower nickel prices. Ban Chang is one of the key prospects we are testing and it has potential to add high grade feed to a bulk open pit mining scenario at Ban Phuc. We look forward to further results from Ban Chang as we continue to drill test the 1.2km-long massive sulfide EM targets over the coming weeks.”

Scott Williamson
Managing Director, Blackstone Minerals Ltd
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