Proactive Investors - Run By Investors For Investors

Blackstone Minerals hits high-grade gold at Eastern Goldfields project

The Black Eagle prospect has been elevated to a priority drill target.
Blackstone WA map
Blackstone has a number of projects in Western Australia as well as in Canada

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.

View full BSX profile View Profile

Blackstone Minerals Ltd Timeline

Related Articles

Drilling equipment on a Yandal site last year in 2018
January 10 2019
The ASX newcomer is backed by Northern Star Resources which holds a 15% stake.
Past drilling at Seko target at Dandoko project where follow-up drilling is taking place this field season
A $5 million ongoing drilling program has been delivering results since November.
A map of Argonaut and Aeris' Torres project and its vicinity to BHP and OZ Minerals
December 17 2018
The Torrens JV is keen to get cracking after resolving legislative issues.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use