Four-Out-Of-Four Success Rate To Date
Blackstone Minerals Limited (ASX: BSX) has intersected high-grade massive sulphide Nickel-Cu-PGE in four maiden drill holes at Ban Chang, part of its Ta Khoa Nickel-Cu-PGE project in Vietnam
The four maiden drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulphide target zone defined by high priority EM plates.
Managing Director, Scott Williamson, said the company has quickly moved to an aggressive drill out phase to delineate a maiden resource at Ban Chang to supplement the ongoing studies focused on producing nickel sulphate for the lithium-ion battery industry.
“Hole 4 has delivered our broadest Ban Chang intersection to date and confirms we have a bulk tonnage opportunity that has potential to deliver significant high-grade nickel to our future mine plan which will be underpinned by a base load feed coming from our flagship Ban Phuc orebody which includes the KCZ,”Mr Williamson said.
“Ban Chang is the first of our 25 MSV targets to be tested throughout the Ta Khoa Ni-Cu-PGE district, leaving plenty of upside for adding high-grade feed to what looks like a bulk open pit mining scenario at Ban Phuc and KCZ.”
Blackstone’s fourth maiden drill hole BC20-04 at Ban Chang is located more than 1.2km along strike from Blackstone’s first maiden drill hole BC20-01. It intersected the following high-grade results: 21.5m @ 0.69% Ni, 0.66% Cu, 0.03% Co & 0.81g/t PGE from 71m 13.4m @ 1.01% Ni, 0.96% Cu, 0.05% Co & 1.14g/t PGEfrom 76m, Incl. 2.1m @ 2.53% Ni, 1.36% Cu, 0.11% Co & 0.76g/t PGEfrom 77.6m. The drilling is part of an ongoing campaign to target regional MSV as Blackstone aims to build its resource inventory at Ta Khoa to supplement the Ban Phuc maiden resource, which is on track for completion in Q3, 2020.