THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) has been granted approvals to commence drilling at the prospective Chim Van target within the company’s 90 per cent-owned Ta Khoa nickel project in Vietnam.
The approvals follow completion of the company’s initial phase of collaboration with the General Department of Geology & Minerals of Vietnam (GDGMV).
The collaboration on the Chim Van exploration target has to date produced:
• Geophysical modelling suggesting a concealed ultramafic target similar to the Ban Phuc disseminated sulphide (DSS) deposit;
• demonstration that the Chim Van features a magnetic anomaly an order of magnitude larger than the Ban Phuc ultramafic intrusion; and
• A drill rig is currently mobilising to the site to commence the first priority drill hole.
“Blackstone is very pleased with the ongoing collaboration with the GDGMV at the Chim Van target,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcemen.
“Drilling will test the conceptual geological and geophysical target at Chim Van for nickel-copper-PGE sulphides, and if successful Blackstone will proceed to take steps to secure an exploration license.
“Exploration continues to be a major focus for the company as we look to organically increase our mining inventory available to feed the Ta Khoa Refinery.
“We are excited for the potential that Chim Van has to feed into our longer-term growth profile.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE