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Blackstone Minerals to outline Canadian cobalt strategy at Proactive CEO Sessions

Managing director Scott Williamson will present to investors in Sydney and Melbourne.
Rock sample from Little Gem project
A cobalt and gold mineralised rock sample from the Little Gem project

Blackstone Minerals Ltd’s (ASX:BSX) primary focus is on cobalt in British Columbia, Canada, enhanced by copper, gold and nickel, a strategy that will be outlined at this month’s Proactive CEO Sessions.

The company’s managing director Scott Williamson will present at the CEO Session in Sydney on Monday 19 November and in Melbourne on Tuesday 20 November.

READ: Blackstone Minerals identifies further copper-gold-cobalt targets at Canadian project

Impressive fieldwork results are being returned from the Little Gem project in Canada, which Williamson has compared to the world’s only primary cobalt mine, Bou Azzer in Morocco.

Scott Williamson.

Soil sampling has recently identified further copper-gold-cobalt targets centred on the Jewel prospect, about 1-kilometre from Little Gem deposit.

The new soil anomalies are greater than 1.5 kilometres long and coincide with recently identified IP targets.

They indicate a large sulphide-bearing body at depth associated with the Jewel prospect.

Jewel has never been drill tested and with multiple large-scale targets, the prospect is the company’s highest priority target to be drill tested at the earliest opportunity.

Surface rock chip samples taken from Jewel have also delivered high-grade assay results including 5.6% and 5.1% copper.

READ: Blackstone Minerals samples 2.3% cobalt and 32 g/t gold at Erebor

Rock chip assays from the Erebor discovery have also been encouraging.

One sample alone assayed 2.3% cobalt, 32 g/t gold and 1.1% nickel with another copper-gold sample featuring 16.7 g/t gold and 1.6% copper.

These high-grade samples represent the first discovery of significant cobalt-gold mineralisation in the region since prospectors found similar mineralisation in the 1930s.

Sampling locations at prospects in the Little Gem project.

Little Gem project hosts historical workings and drilling this year intersected high-grade gold and cobalt featuring 1.1-metre at 3.0% cobalt and 44 g/t gold.

Western Australian projects

As well as an active exploration program at Little Gem and regional prospects in Canada, the company is also exploring at the Silver Swan South project and the Middle Creek project, both in Western Australia.

Register for the CEO Session today to find out more.

Sydney details, Monday, November 19, 2018

Melbourne details, Tuesday, November 20, 2018

Also featuring at both sessions will be Great Boulder Resources (ASX:GBR) while Mainstream Group Holdings Ltd (ASX:MAI) is on the Sydney program and High Peak Royalties Ltd (ASX:HPR) on the Melbourne program.

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