Blackstone Minerals Hits Sulphides with First Jewel Prospect Hole

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) announced recommencement of drilling activities at the company’s wholly owned exploration assets in British Columbia, namely the Gold Bridge project, formerly the BC-cobalt project.

Blackstone Minerals declared its first drill-hole targeting a large IP anomaly at the Jewel prospect has intersected sulphide mineralisation.

Blackstone has always believed its geological model for the Jewel prospect suggest that it is located within a similar setting to the underground mines of the world class Bou-Azzer primary cobalt district in Morocco.

The current exploration program follows initial exploration success the company achieved at the Little Gem prospect and involved a detailed 3D Pole-Dipole Induced Polarisation (3D IP) and Resistivity Survey.

An analysis of IP survey data and regional soil, rock chip and stream sediment samples has resulted in the identification of multiple large-scale sulphide bearing targets, with the Jewel prospect being high priority.

“Although Ta Khoa remains the company’s primary focus, in the background Blackstone has continued to work-up its exploration targets in British Columbia,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The first drill hole testing a 700 metres long 24mv/v IP chargeability anomaly at Jewel prospect successfully encountered copper, nickel and cobalt sulfarsenides is a great proof-of-concept result for the project.

“Initial success confirms not only the prospectivity of the Jewel IP target, but also the potential of Blackstone’s 50 kilometres BC cobalt target zone to host nickel, cobalt and copper sulfarsenide deposits of the same style as the World Class Bou-Azzer cobalt district in Morocco.”