Blackstone Minerals Hits Big Numbers at King Cobra Discovery

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced impressive drilling intersections from the King Cobra discovery at the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals’ King Cobra discovery is a new, near surface, high-grade zone of nickel sulphide bearing semi-massive sulphide veins (SMSV) at the Ta Khoa project.

The King Cobra discovery includes the first-ever intersection of massive sulphide vein and breccia styles of sulphide mineralisation within the Ban Phuc intrusion and may provide vectors towards the high grade ‘feeder zone’ mineralisation.

Blackstone’s latest drilling at the King Cobra discovery has intersected:

60 metres at 1.3 per cent nickel from 32m, including 13.9m at 2.25 per cent nickel from 49m from the King Cobra Zone, and 142m at 0.41 per cent nickel, including 11.9m at 1.09 per cent nickel from the underlying previously unnamed Ban Duoi Zone (BDZ).

Blackstone declared this to be, “the most significant downhole intersections seen to date at the Ta Khoa nickel project”.

The result has led the company to interpret its earlier intersection of…

45m at 1.2 per cent nickel from 56m

…as an earlier intersection of King Cobra mineralisation.

Blackstone said its drilling efforts have now intersected the King Cobra (KCZ) discovery zone over 200 metres of strike length, with the KCZ interpreted to be open along strike to the north west and south east and down dip to the north east.

Blackstone will continue its aggressive drilling program at Ban Phuc with four drill rigs testing the disseminated mineralisation (DSS), including two rigs on priority step-out drilling testing for potential expansions to the known Ban Phuc DSS orebody and the down dip feeder zone target at the King Cobra target zone.

“Blackstone is pleased to announce the King Cobra discovery hole as our most significant drillhole to date at the Ta Khoa nickel project,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

“The King Cobra discovery continues to grow, as does our understanding of the geology of the Ban Phuc deposit.

“The King Cobra discovery is shaping up to be a high grade, near surface, large scale disseminated nickel-PGE zone that has potential to deliver a highly economic starter pit at Ta Khoa.”