Proactiveinvestors RSS feed en Fri, 20 Jul 2018 15:10:34 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[Media files - Blackstone Minerals making noise at 121 Mining in NYC, continuing drill program at cobalt asset ]]> Wed, 06 Jun 2018 11:19:00 +1000 <![CDATA[Media files - Blackstone Minerals' diamond drilling results show very high-grade cobalt and gold ]]> Thu, 31 May 2018 11:29:00 +1000 <![CDATA[News - Blackstone Minerals hits high-grade gold at Eastern Goldfields project ]]> Blackstone Minerals Ltd (ASX:BSX) has received high-grade gold hits from drilling at the Silver Swan South project in the Eastern Goldfields of Western Australia.

Second phase aircore drilling at the Black Eagle prospect has intersected gold mineralisation and extensive basement geochemical anomalism.

Results include 10 metres at 3.2 g/t gold from 68 metres within 15 metres at 2.2 g/t from 64 metres.

READ: Blackstone Minerals shares spike on cobalt-gold discovery

The results have upgraded Black Eagle and when combined with previous reconnaissance results of 3 metres at 3.5 g/t from 60 metres, it has been elevated to a priority drill target.

Blackstone’s emerging discovery is 8 kilometres along strike from the plus-5 million ounce Kanowna Belle Gold Mine owned by Northern Star Resources Ltd (ASX:NST).

The basement geochemistry contours at Black Eagle are similar in size to the footprint of the Kanowna Belle deposit.

Black Hawk prospect next target

Aircore drilling, which is due to start shortly, will also target the nearby Black Hawk prospect to follow-up on an initial 3 metres at 2.6 g/t from 52 metres in the first phase of drilling.

Following the success of two aircore programs, the company plans to begin a maiden diamond drilling program during the June quarter of 2018.

Blackstone’s Australian assets complement its flagship high-grade Little Gem Cobalt-Gold Project in British Columbia, Canada.

The company is also targeting gold mineralisation at the Middle Creek prospect in the Pilbara region of Western Australia.

Fri, 02 Mar 2018 11:22:00 +1100
<![CDATA[News - Blackstone Minerals shares spike on cobalt-gold discovery ]]> Blackstone Minerals Ltd’s (ASX:BSX) shares surged more than 30% intra-day to $0.645 on the back of drilling data from its Little Gem Cobalt-Gold Project in Canada.

The results featured 4.3 metres at 1% cobalt and 15 g/t gold.

The first hole has only tested the upper portion of the mineralised target with multiple zones of massive sulphide (cobalt-gold) mineralisation identified.

Drilling will continue in the second quarter of 2018.

Results consistent with historical drilling

The Little Gem Project was discovered in the 1930’s by prospectors identifying a pink cobalt-bloom on weathered mineralisation that led to three adits being developed.

Assay results of up to 1.8 metres at 2.4% cobalt and 112 g/t gold were recorded, pointing to some correlation with current data.

The Little Gem Project covers a large landholding with 48 kilometres of untested strike potential.

It is also located less than 15 kilometres along strike from the Bralorne-Pioneer mining complex which has an endowment of 4.4 million ounces at 17 g/t gold.

Tue, 09 Jan 2018 13:14:00 +1100
<![CDATA[News - Blackstone Minerals granted trading halt to reveal assays ]]> Blackstone Minerals (ASX:BSX) is preparing to reveal its latest exploration results, with the ASX granted a trading halt this morning.

Blackstone is currently advancing exploration at the High Grade Little Gem Cobalt-Gold Project in British Columbia, Canada, where historic drilling and adit channel sampling delivered average grades of 3% cobalt and 20g/t gold.

It will be the first company to undertake systematic exploration in over 60 years.

In Australia, Blackstone has strategically located assets including the Pilbara Gold - Middle Creek Project which is adjacent to Novo Resources Ltd (TSX-V:NVO) Beatons Creek Conglomerate Gold project and Millennium Minerals Ltd (ASX:MOY) Nullagine Gold project.

Investors have been providing strong support for the company's strategy, highlighted by the recently oversubscribed $5 million raising.

The halt will remain in place until the opening of trade on Tuesday 9th January 2018, or earlier if an announcement is made to the market.

Fri, 05 Jan 2018 09:58:00 +1100