THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has identified copper-gold-cobalt targets centred on the Jewel prospect located 1.1 kilometres north-northeast of the Little Gem prospect at the company’s BC cobalt project in British Columbia, Canada.
Blackstone Minerals identified the new soil anomalies over more than 1.5 kilometres adding they coincide with recently announced IP survey results, which indicate a large sulfide bearing body associated with the Jewel copper-gold-cobalt prospect.
The company took surface rock chip samples from the Jewel prospect that also delivered high-grade assay results including 5.6 per cent copper and 5.1 per cent copper.
Blackstone explained the Jewel prospect has never been drill tested and with the multiple large-scale IP targets coinciding with the new copper-gold-cobalt soil anomalies it has declared the Jewel prospect is its highest priority target to be drill tested at the earliest opportunity.
Blackstone has now completed the first ever cobalt focussed exploration field season in the Bridge River Mining Camp and the initial results indicate the BC Cobalt Belt is rapidly emerging into a potential world class cobalt district.
“Our soil sampling program has identified a major copper-gold-cobalt target at Jewel which coincides with the large IP anomaly we believe to be a substantial sulfide bearing body at depth,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“We are eagerly anticipating the drilling of these new targets so as to better understand the primary source of the high-grade copper-gold-cobalt mineralisation at Jewel, Little Gem and Erebor.
“We look forward to further results from our 2018 fieldwork program as we continue to unlock what is shaping up to be a potential world class cobalt district located in a tier one mining jurisdiction in British Columbia, Canada.”