THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has completed a maiden Induced Polarisation (IP) survey at the company’s Ta Khoa nickel project in Northern Vietnam.
Blackstone Minerals said the survey had identified multiple new targets at the Ta Khoa nickel project by indicating a strong correlation exists between high chargeability and high-grade disseminated sulphide (DSS) and massive sulphide vein (MSV) mineralization.
Blackstone is the first company to undertake an IP survey at Ta Khoa and the company indicated the geophysical method it has used defined existing and potential further high-grade zones within both MSV and DSS prospects.
The latest IP results follow-up on Blackstone’s recent drilling at Ta Khoa, which delivered initial substantial nickel sulphide intersections.
Blackstone intends using the IP survey results to target a second phase of deeper drilling that is anticipated to commence over the coming weeks.
The company considers potential exists to delineate further high-grade mineralisation throughout the Ta Khoa nickel project, initially within a five kilometre radius of the existing processing facility.
The Ta Khoa nickel project has existing modern infrastructure built to Australian Standards including a 450,000 tonnes per annum concentrator located within a premier nickel sulphide district.
Blackstone declared it would be continuing to investigate the potential to develop downstream processing infrastructure in Vietnam to produce a downstream nickel and cobalt product to supply Asia’s growing lithium ion battery industry.
“Our maiden results from the first ever IP survey at Ta Khoa suggest we have an extensive system of magmatic nickel-copper-cobalt sulphides,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“We look forward to continuing our shallow drilling and commencing the deeper drilling of the new targets with a second drill rig mobilising over the coming weeks.”