Makes New Nickel Sulphide Discovery At Taipan
Blackstone Minerals Limited (ASX:BSX) has discovered significant new sulphide mineralisation in a previously untested zone within the Ta Cuong prospect in Vietnam.
Highlights from exploration at Ta Cuong include:
- The Taipan Discovery Zone (TDZ) was discovered by hole TC21-03 and features 39.70m of continuous disseminated sulfide (DSS), semi-massive sulphide vein (SMSV) and massive sulphide vein (MSV) unweathered mineralisation from 15.15m; and
- The discovery was made in the first drill-hole of a previously untested zone within the Ta Cuong prospect, as a result of ongoing systematic testing of mapped Electro- magnetic (EM) conductors,
Follow up drilling is being planned to test several proximal EM geophysics targets as well as the extent of the intensely mineralised TDZ.
Managing Director, Scott Williamson, said Ta Cuong, and now the TDZ within it, has the potential to add significantly to Blackstone’s massive sulphide mining inventory, providing further impetus for the restart of the company’s existing 450kt concentrator.
“We are very pleased to report a significant discovery at Ta Cuong. The discovery hole at TDZ is one of the best Blackstone has delivered on its MSV targets. The TDZ remains open along strike and significantly adds momentum to the MSV strategy at Ta Khoa,” Mr Williamson said.
“So far, all three priority MSV targets have delivered impressive and high value intersections. We are excited to be systematically unveiling the potential of the Ta Khoa Ni-Cu-PGE district and will continue an aggressive exploration program, representing the most cost-effective and value accretive pathway to secure supply for our downstream business.”