Blackstone Minerals Confirms Erebor Cobalt Discovery
THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced assay results from the Erebor cobalt-gold discovery, located at the company’s Little Gem cobalt-gold project in British Columbia, Canada.
Blackstone Minerals explained that surface rock chip samples had been taken from the Erebor cobalt-gold discovery, located 900 metres along an interpreted ultramafic trend to the south-west of the historic Little Gem adits.
The company declared the high-grade samples represent the first discovery of noteworthy cobalt-gold mineralisation in the region since prospectors found similar mineralisation known as Erythrite in the 1930s by identifying a pink cobalt-bloom on weathered mineralisation which led to the discovery of the Little Gem project.
By confirming high-grade cobalt-gold mineralisation outside of the known mineralisation at Little Gem, Blackstone Minerals believes it has taken a major step towards unlocking the potential for multiple deposits in a region with geology analogous to the Bou-Azzer primary cobalt district in Morocco.
The assays from the Erebor discovery also indicate the presence of nickel mineralisation which is potentially associated with the primary cobalt mineral, skutterudite, which is also associated with the high-grade mineralisation at Bou-Azzer.
High-grade cobalt assays from surface rock chip samples taken from the new Erebor discovery include the following results:
2.3 per cent cobalt, 32 grams per tonne gold and 1.1 per cent nickel
1 per cent cobalt;
1 per cent cobalt;
0.6 per cent cobalt;
0.6 per cent cobalt;
0.5 per cent cobalt; and
0.4 per cent cobalt.
High-grade gold and copper assays were also recorded from surface rock chip samples taken from Erebor including:
16.7g/t gold and 1.6 per cent copper;
10.4g/t gold; and
1.5 per cent copper.
“These high-grade assays confirm the Erebor discovery as the first known occurrence of high-grade cobalt-gold mineralisation in the region since prospectors identified similar mineralisation in the 1930s, which led to the initial discovery of Little Gem,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“The Erebor discovery opens up the potential for multiple targets similar to the Bou-Azzer primary cobalt district in Morocco and combined with the recent IP survey results see the Bridge River Mining Camp emerging as a potential world class cobalt belt located in a tier one mining jurisdiction in British Columbia (BC), Canada,”
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Website: www.blackstoneminerals.com.au
