THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has confirmed high-grade massive sulphide nickel, copper and PGEs at the King Snake deposit within the company’s Ta Khoa nickel project in North Vietnam.
Blackstone Minerals made the announcement on the back of recent assay results received from drilling at King Snake that included the first drill holes completed at the deposit.
Blackstone considers King Snake to have excellent potential to add to the company’s Massive Sulphide Vein (MSV) mining inventory while supporting the restart of the existing 450,000 tonnes per annum concentrator.
The first two drill holes at King Snake returned:
0.6 metres at 2.79 per cent nickel, 3.81 per cent copper, 0.1 per cent cobalt and 4.85g/t PGE from 193.05m; and
5.88m at 1.22 per cent nickel, 0.49 per cent copper, 0.04 per cent cobalt and 4.67g/t PGE from 131.74m, including 1.81m at 0.77 per cent nickel, 0.44 per cent copper, 0.03 per cent cobalt
12.53g/t PGE from 131.74m 1.18m at 3.72 per cent nickel, 0.84 per cent copper, 0.12 per cent cobalt and2.41g/t PGE1 from 135.47m.
“The first results from King Snake represent some of highest tenor massive sulphide intersections that Blackstone has achieved to date,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.
“The new discovery remains open and we are dedicating resources to ensure that we test the full extent of mineralisation at King Snake and build a mining inventory to be included as part of ongoing studies.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE