Blackstone Minerals Limited (ASX:BSX) has reported assay results from the first drillhole at the Mankayan copper-gold porphyry project in the Philippines. The drilling project is being completed by IDM International and the Mankayan project is currently the subject of a merger between Blackston and IDM, positioning it well for further exploration and growth opportunities.
This first drillhole was drilled for metallurgical and geotechnical testing purposes and did not intersect the full extent of the orebody. The drill hole ended in mineralization and successfully intersected over 300m of high-grade mineralization at the core of the copper-gold porphyry. Significant intercepts for the drillhole includes the following:
- 608m @ 0.89% CuEq1 (0.48% Cu & 0.52g/t Au) from 342m to end of hole. Incl. 346m @ 1.12% CuEq (0.59% Cu & 0.68g/t Au) from 604m to end of hole
- Drillhole CDH-61 successfully intersected the high-grade core within the world class Mankayan copper-gold porphyry deposit
- The drillhole was designed to take a representative sample of the orebody for metallurgical and geotechnical testing purposes
- Drillhole CDH-61 was not designed to intersect the full extent of the orebody and hence ended in high-grad copper-gold mineralization
This result further reinforces Mankayan’s standing at one of the best undeveloped copper-gold porphyry projects globally and assays are pending for the second IDM drillhole CDH-62A, which was drilled for metallurgical and geotechnical testing.
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