Blackstone Minerals Drilling New Nickel Targets

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has commenced drilling at the Ta Cuong prospect, targeting high-grade massive sulphide nickel-copper-PGE analogous to the recently discovered Ban Chang prospect, part of the company’s Ta Khoa nickel-copper-PGE project in Vietnam.

Ta Cuong is six kilometres along strike from Ban Chang and close to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects.

Blackstone Minerals found drilling by previous owners did not target geophysical anomalies, however the company has revisited un-assayed historic drill holes to define new targets at Ta Cuong for high impact drill testing.

Ta Cuong is Blackstone’s second high priority massive sulphide vein (MSV) prospect within its portfolio of 25 MSV prospects to be systematically tested with modern techniques.

“Based on geological similarities and now with some exciting EM plates to target, we believe Ta Cuong has the potential to deliver similar results to Ban Chang and Ban Phuc,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“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 future 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 bulk open pit mining scenario we are currently modelling at Ban Phuc and King Cobra.”