Next Stage Of Exciting Vietnam Exploration Campaign Underway
Blackstone Minerals Limited (ASX: BSX) has commenced exploration at Ta Cuong, the company’s second MSV prospect at the Ta Khoa Nickel-Cu-PGE Project in Vietnam.
Ta Cuong is located six km along strike from Ban Chang and proximal to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects.
Managing Director Scott Williamson said Blackstone’s in-house geophysics crew recently generated a 1.2km long massive sulfide target at Ban Chang within a 12km long district-scale exploration corridor which it will continue to drill test over the coming months.
Mr Williamson said Blackstone is targeting MSV prospects analogous to the previously mined Ban Phuc MSV, where previous owners successfully mined 975kt from an average vein width of 1.3m and average grades of 2.4% Ni & 1.0% Cu.
“We are very excited to commence exploration at Ta Cuong, our second MSV prospect,” Mr Williamson said.
“Based on geological similarities and historical results, we believe it has the potential to deliver similar results to Ban Chang. We anticipate the geophysics to better define drill targets, which we will immediately follow up with drilling.
“We continue to systematically test our 25 MSV prospects and with our in‐house geophysics crew and Blackstone‐owned drill rigs, we can cost effectively explore this globally significant nickel sulfide district using modern geophysical techniques. “We see potential to increase annual nickel production from the Ta Khoa Nickel‐Cu‐PGE project through targeting high‐grade MSV to complement the base load nickel sulfide feed to be potentially mined from the Ban Phuc DSS and King Cobra discovery zone.”