THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) released results from phase one of a recently completed IP survey at the company’s Little Gem cobalt-gold project in British Columbia, Canada.
Blackstone Minerals said the IP survey identified two new targets showing anomalies with chargeability and resistivity signatures typical of sulfide bearing bodies.
Following its recent discovery of cobalt-gold mineralisation at Erebor, Blackstone has interpreted these new targets to indicate a potential source of the high-grade mineralisation at Little Gem where it continues to unlock the potential for multiple deposits.
Blackstone declared the results from phase one of the recently completed IP survey confirm multiple new targets along the 1.8 kilometre strike target zone at Little Gem.
The IP anomalies are large in scale (up to 800m long and 500m wide) and exhibit chargeability and resistivity signatures typical of sulfide bearing bodies.
The IP targets are shallow, easily accessible and located to the east and west of Little Gem with coincident geochemical anomalies and a favourable structural setting.
Following the latest geophysical and geochemical results Blackstone considers these latest targets to be of highest priority for its next round of drilling at Little Gem.
The Company is nearing completion of a detailed soil sampling program over multiple prospects adjacent to Little Gem, as well as regional reconnaissance sampling targeting some 335 square kilometres of tenure prospective for primary cobalt and gold mineralisation.
“Our first phase of IP survey results confirm the potential for multiple discoveries along the plus-1.8 kilometre strike target zone at Little Gem,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“We continue to see a belt-scale opportunity similar to the world class Bou-Azzer primary cobalt district in Morocco.
“We have now surveyed only a small portion of our total tenure and already have two new high priority drill targets showing coincident geochemical and geophysical anomalies.
“The IP anomalies have been elevated to our highest priority targets at Little Gem and will be drill tested at the earliest opportunity.”