THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) claimed an emerging gold discovery after recording encouraging results from a second phase aircore drilling program.
Blackstone Minerals conducted the drilling at the company’s Silver Swan South project, located eight kilometres along strike of the world-class Kanowna Belle gold mine near Kalgoorlie in Western Australia.
Blackstone declared its second phase aircore drilling program at Silver Swan South to have intersected gold mineralisation and extensive basement geochemical anomalism at the Black Eagle prospect with the following result:
10 metres at 3.2 grams per tonne gold from 68 m within, 15 m at 2.2g/t gold from 64m to end of hole (EOH).
The company considers the results to have upgraded the Black Eagle prospect and when combined with previous reconnaissance results of 3m at 3.5g/t gold from 60m elevates Black Eagle to a priority drill target.
The company is ready to commence aircore drilling that will also target the Black Hawk prospect, to follow up on an initial intersection of 3m at 2.6g/t gold from 52m that was encountered in the first phase of drilling at Silver Swan South.
Following the success of its aircore drill programs Blackstone also plans to commence a maiden diamond drilling program in Q2 2018.
“We are pleased to announce these significant gold results at such an early stage in our exploration efforts at Silver Swan South,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“We look forward to the next phase of drilling to identify the primary source of the gold mineralisation at Black Eagle and to identify further gold anomalism at Black Hawk.
“We are strategically located within trucking distance of many world class gold mines.
“Our Australian assets continue to complement our flagship very high-grade Little Gem cobalt-gold project in British Columbia, Canada.”