Blackstone Minerals Ltd - Blackstone commences drilling new nickel targets at Ta Cuong
Blackstone Minerals Ltd (ASX:BSX)

Blackstone commences drilling new nickel targets at Ta Cuong

Highlights

What's happened?

Blackstone Minerals Ltd (ASX: BSX, “Blackstone”) has commenced drilling at Ta Cuong, using EM plates to test new MSV targets for high impact drilling over the coming months.

What are the key highlights?

  1. The drilling at Ta Cuong sees Blackstone continue its aggressive exploration program with multiple rigs targeting MSV prospects analogous to the recently discovered Ban Chang prospect.
  2. Ta Cuong is 6km along strike from Ban Chang and proximal to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects.
  3. Drilling by previous owners did not target geophysical anomalies, however Blackstone has used it’s highly successful, in-house geophysics team to define new targets at Ta Cuong for high impact drill testing.
  4. Ta Cuong is the Company’s second high priority MSV prospect within Blackstone’s portfolio of 25 MSV prospects to be systematically tested with modern techniques.

For further information please refer to the announcement linked below.

Managing Director's Summary

Scott Williamson

"We are pleased to announce drilling has commenced at Ta Cuong, our second MSV prospect. Based on geological similarities and now with some exciting EM plates to target, we believe it has the potential to deliver similar results to Ban Chang and Ban Phuc. We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulfide district using modern geophysical techniques. We see potential to increase future annual nickel production from the Ta Khoa Nickel-Cu-PGE project through targeting high-grade MSV to complement the base load nickel sulfide feed from the bulk open pit mining scenario we are currently modelling at Ban Phuc and King Cobra."

Scott Williamson
Managing Director, Blackstone Minerals Ltd

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