THE DRILL SERGEANT: Blackstone Minerals (ASX BSX) has hit Massive Sulphide Vein (MSV) mineralisation in multiple drill holes from its maiden exploration program at the King Snake prospect at the company’s Ta Khoa nickel project in Vietnam.
Blackstone Minerals declared that its immediate success at King Snake reaffirms the prospectivity of the region and the company’s strategy in defining high-grade nickel targets using Electro-magnetic (EM) geophysical techniques.
Blackstone has commenced the maiden resource estimate for the Ban Chang prospect and continues drilling at Ban Phuc, Ban Chang, Ta Cuong, Ban Khoa and King Snake.
“Our investment into targeting higher grade MSV deposits within the Ta Khoa district continues to pay dividends,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.
“We will pursue an aggressive drilling program at King Snake as we look to build a high grade MSV mining inventory to support the restart of the existing 450,000 tonnes per annum Ban Phuc concentrator.
“The drill bit continues to highlight the district scale opportunity at Ta Khoa, which we are confident will provide many years of consistent high-quality nickel-copper-PGE concentrates to our planned downstream refinery business.
“Our in-house geophysics team has a proven track record with success at Ban Chang following up immediately at King Snake.
“We look forward to delivering maiden resources at each of these prospects and continuing to systematically assess up to 25 MSV targets in the Ta Khoa pipeline.”
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