THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) commenced drilling at the company’s very high-grade Little Gem cobalt-gold project in British Columbia, Canada.
Blackstone Minerals explained the first hole in the current program is planned to intersect the entire target zone on the same section to the company’s previous drill hole which was abandoned halfway through the target zone yet encountered and intersection of 1.1 metres at 3 per cent cobalt and 44 grams per tonne gold, within 4.3m at 1 per cent cobalt and 15g/t gold.
Blackstone is planning an initial six diamond drill holes to test the original strike target zone of approximately 300m at Little Gem before looking to explore a strike extension of over one kilometre to the east and plus-500m strike extension to the west.
The company recently completed the final payment for Little Gem and is now the 100 per cent owner of project.
Blackstone indicated the initial results from its maiden drilling have been consistent with historic drilling and adit channel sampling, which returned average grades of 3 per cent cobalt and 20g/t gold.
“Blackstone is pleased to announce the company has commenced drilling at the very high-grade Little Gem cobalt-gold project in British Columbia, Canada,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“It has been a great effort by the team at Radius drilling in conjunction with our exploration team on site to establish the drill pad in the winter conditions.
“We look forward to the first assay results to be reported over the coming weeks, shareholders can expect more consistent news flow throughout the drill season as we explore the full potential of the Little Gem cobalt-gold project.”