Blackstone Minerals Continues High-Grade Run at Little Gem

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) released diamond drilling results from the company’s high-grade Little Gem cobalt-gold project in British Columbia, Canada.

Blackstone Minerals has received assays from the first three drill holes of its maiden drilling program at the Little Gem project, where drilling to date has intersected the Little Gem structure within metres of the interpreted target.

Blackstone has found the Little Gem alteration halo to be larger than it had previously estimated.

The company’s 2018 drilling campaign, to date, has consistently intersected a broad alteration zone, highlighting potential for a major hydrothermal system at Little Gem.

Assay results are pending for the next three holes in the maiden drilling program at Little Gem, however results from the first three drill holes include:

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; and

1m at 1.2 per cent cobalt and 5g/t gold, within 3.2m at 0.8 per cent cobalt and 4g/t gold.

Blackstone has initiated a geophysical survey to test for further high-grade cobalt-gold prospects within a recently identified plus-1.8 kilometre strike target zone at Little Gem and the nearby Jewel prospect located 1.1km north-northeast of Little Gem that is also considered prospective for cobalt-gold mineralisation.

“Results from the first three drill holes have confirmed Little Gem has some of the world’s highest-grade cobalt-gold mineralisation,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“We are looking forward to the next round of assays and results from geophysical surveys to define the full potential of the mineralised system and the extensive alteration zone discovered at Little Gem.”