THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has kicked off a new round of drilling at the company’s Ta Khoa nickel-copper-PGE project in Vietnam.
Blackstone Minerals is drilling at the Ban Khoa nickel-copper-PGE prospect that sits around 1.5 kilometres from the project’s main Ban Phuc deposit.
The company considers the Ban Khoa prospect to be analogous to the Ban Phuc disseminated sulphide (DSS) orebody where the company made the King Cobra discovery, at which it has previously announced a maiden Indicated Mineral Resource of 44.3 million tonnes at 0.52 per cent nickel for 229,000 tonnes nickel and Inferred Mineral Resource of 14.3 million tonnes at 0.35 per cent nickel for 50,000 tonnes nickel.
“We are very excited to commence exploration at Ban Khoa,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.
“Based on geological similarities and historical results, we believe it has the potential to deliver similar results to Ban Phuc.
“The geology at Ban Khoa is relatively well-understood given the historic drillings and we have refined our targets using modern geophysics.
“Exploration success here could add meaningful inventory, extend mine life and improve the economics demonstrated in our recently completed scoping study.
“We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulphide district using modern geophysical techniques.
“We see potential to increase annual nickel production from the Ta Khoa nickel-copper-PGE project through targeting high-grade MSV to complement the base load nickel sulphide feed from the Ban Phuc DSS and King Cobra discovery zone.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE