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.
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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.