THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has commenced a second phase of drilling with a second diamond drill rig mobilised at the company’s Ta Khoa nickel project in Northern Vietnam.
Blackstone Minerals announced its option to acquire a 90 per cent interest in the Ta Khoa nickel project in May 2019, since when it has commenced drilling and completed an initial IP survey.
Results from the IP survey indicated a strong correlation exists between high chargeability and high grade DSS and massive sulphide vein (MSV) mineralisation.
The company explained that the second drill rig has deeper drilling capabilities that will enable it to test the multiple new targets it has generated from the IP survey.
The initial shallow diamond drilling rig will continue to test the Ban Phuc disseminated sulphide (DSS) while the second rig has been mobilised to test the deeper targets throughout the project.
“We’re excited to be drilling our deeper targets generated from the recently completed IP survey at the Ta Khoa nickel project, we look forward to further consistent news flow from both drill rigs over the coming weeks,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.
“We remain well funded to test the multiple new targets generated from the maiden IP survey and continue to unlock the full potential of the extensive nickel sulphide system at Ta Khoa.”