Blackstone Minerals Intersects Healthy Nickel Sulphides at Ta Khoa Nickel Project

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) shook away the morning cobwebs on Day Two of the Diggers & Dealers Mining Forum in Kalgoorlie by releasing results from its maiden drilling program on the company’s Ta Khoa nickel project in Northern Vietnam.

Blackstone Minerals announced its maiden drilling at the Ta Khoa nickel project in Northern Vietnam had intersected substantial disseminated nickel sulphide mineralisation within the first three drill holes delivering results, including:

22 metres at 0.76 per cent nickel, 0.13 per cent copper and 0.01 per cent cobalt from 138m, including 5m at 2.23 per cent nickel, 0.17 per cent copper and 0.03 per cent cobalt from 138m;

17.8m at 1 per cent nickel, 0.09 per cent copper and 0.01 per cent cobalt from 106.6m; and

45.5m at 1.2 per cent nickel, 0.17 per cent copper and 0.01 per cent cobalt from 56.5m.

All holes have platinum, palladium and gold assays pending.

In concert with the drilling Blackstone has undertaken an initial IP survey test line, the results from which it will use to target a second phase of drilling over the coming weeks.

Blackstone will continue to test for shallow DSS targets at Ban Phuc and using the IP survey results will commence the second phase of drilling to target high chargeability and low resistivity zones which correlate with the higher-grade zones within the Ban Phuc DSS.

Blackstone is the first company to use IP as a targeting tool at Ban Phuc and has interpreted the initial results to suggest the geophysical method will enable it to define higher grade zones within both the MSV and DSS prospects throughout the Ta Khoa nickel project.

“The initial results from our maiden drilling at Ta Khoa have confirmed we have a large unmined disseminated sulphide body at Ban Phuc, we look forward to more results from the IP survey to define further targets for our second phase of deeper drilling which we will commence over the coming weeks,” Blackstone Minerals managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

The Ta Khoa nickel project is located west of Hanoi in the Son La Province of Vietnam and includes an existing modern nickel mine (Ban Phuc) built to Australian Standards, which is currently under care and maintenance.

The Ban Phuc nickel mine operated as a mechanised underground nickel mine from 2013 to 2016.

Blackstone ’s maiden Minerals considers its drilling results to be consistent with historic drilling and confirm the potential for a large unmined disseminated sulphide prospect at Ban Phuc.