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Blackstone Minerals Reports New Visible Gold at Mankayan Copper Gold Project

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THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) reported identification of visible gold via a recently completed diamond drillhole at the Mankayan copper gold porphyry project in the Philippines.

Blackstone Minerals recently announced the intent to strike a merger of equals with IDM International that owns the Mankayan project that is situated in Northern Luzon in the Philippines.

 

Blackstone Minerals managing director Scott Williamson discusses the IDM merger with Wally Graham at the recent RIU Explorers Conference

 

A recently completed diamond drillhole at Mankayan identified visible gold located above the project’s main copper-gold porphyry system that is hosted within highly altered volcanic units that have historically been overlooked for assaying, presenting, what the company considers being, an untapped exploration opportunity.

“Following the recent announcement of Blackstone’s proposed merger with IDM, our technical team has been collaborating closely with the Mankayan team to chart a path toward unlocking the full potential of this exceptional project,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“It’s incredibly exciting to see new exploration opportunities emerging already, such as the discovery of visible gold in zones that have not been historically targeted for assay.

“We eagerly anticipate finalising the merger with IDM so we can harness the collective expertise of our combined teams to drive forward the development of this world-class, high-grade copper-gold asset.

“The future for Mankayan is bright, and we are committed to realising its tremendous value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Blackstone Minerals (ASX: BSX) managing director Scott Williamson at 2025 RIU Explorers Conference

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THE CONFERENCE CALLER: Blackstone Minerals (ASX: BSX) managing director Scott Williamson discusses the company’s recent merger announcement with Wally Graham of The Resources Roadhouse at the 2025 RIU Explorers Conference.

RIU Explorers Conference Gains Momentum Via Presenting Company Announcements

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THE CONFERENCE CALLER: With the RIU explorers Conference in Fremantle drawing ever near, presenting companies continue to deliver encouraging news for delegates to do some pre-conference homework.

 

Blackstone Minerals trikes Merger Deal to Acquire World Class Copper Gold Project

Blackstone Minerals (ASX: BSX) emerged from a self-imposed ASX exile to announce a merger with IDM International Limited to result in the company acquiring the Mankayan copper-gold project in the Philippines.

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Brightstar Resources Encounters High-Grade Gold at Jasper Hills

Brightstar Resources (ASX: BTR) reported results from a program of diamond drilling completed at the Lord Byron deposit, part of the company’s Jasper Hills gold project in the company’s Laverton Hub of Western Australia.

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Lunnon Metals Commences Defiance West EIS Drilling Program

Lunnon Metals (ASX: LM8) is currently running a diamond drill program at the Defiance West target, a prospect it rates highly within the company’s Kambalda gold and nickel project (KGNP) in Western Australia.

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Westar Resources Approved for Drilling to commence at Mindoolah

THE DRILL SERGEANT: Westar Resources (ASX: WSR) will be drilling soon at the company’s Mindoolah gold project near Cue in Western Australia.

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Sarytogan Graphite Identifies Copper Anomalism with Possible Porphyry Features

Sarytogan Graphite (ASX: SGA) has been quick to release news from copper exploration undertaken at the company’s Baynazar copper exploration project in Kazakhstan.

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WIN Metals Drills Butchers Creek Resource Potential

WIN Metals (ASX: WIN) confirmed continuation of mineralisation at the company’s Butchers Creek gold project (BCGP) in the Kimberley region of Western Australia.

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Blackstone Minerals trikes Merger Deal to Acquire World Class Copper Gold Project

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THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) emerged from a self-imposed ASX exile to announce a merger with IDM International Limited to result in the company acquiring the Mankayan copper-gold project in the Philippines.

Blackstone Minerals described the binding scheme implementation deed (SID) with IDM International as being a ‘merger of equals’.

The Mankayan copper-gold porphyry project is the heart of the deal. The project is located in Northern Luzon in the Philippines, a region with a pro-mining environment and a long history of successful mining operations.

The company views the project as the ideal opportunity for it to gain exposure to copper, a critical energy transition metal, while also offering substantial exposure to high-value precious metals, gold and silver during a period of record high prices.

Blackstone brings to the table its extensive expertise, resources, and relationships in base metals mine development and the energy transition metals market, making this a strategically advantageous proposition with high growth potential.

This combines with Blackstone’s current Vietnamese nickel assets to align with global decarbonisation trends, whilst offering exposure to the current high global demand growth for critical metals.

IDM has achieved substantial progress at the Mankayan copper-gold project, which is considered a key development project in the Philippines.

Recent activities have included securing renewal of a 25-year Mineral Production Sharing Agreement (MPSA) mining license in March 2022, laying the groundwork for the long term development of the project.

A further milestone was achieved in December 2024 with the signing of a Memorandum of Agreement (MoA) with the local Indigenous People (IP), marking IDM as the first mining company to secure IP consent in the region.

“This exciting merger of equals offers diversified exposure to critical energy transition and precious metals, centred on the world-class Mankayan copper-gold porphyry project, one of the largest high-grade undeveloped porphyry projects globally,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Backed by Blackstone’s mining expertise and a supportive environment in the Philippines, the merger offers near-term exploration upside, significant resource growth potential, and regional opportunities.

“With historic high-grade intercepts, Mankayan is ideally positioned to deliver long-term value to shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE