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Blackstone Minerals attracts new German substantial shareholder with a 10.18% interest

Blackstone's primary focus is on cobalt in British Columbia, Canada, enhanced by copper, gold and nickel.

shares board
Impressive fieldwork results were recently received

Blackstone Minerals Ltd (ASX:BSX) has a new substantial shareholder in German-based Delphi which has purchased 11.02 million shares for a 10.18% voting interest in Blackstone.

Delphi Unternehmensberatung Aktiengesellschaft (AG), of Heidelberg and related entities have purchased the shares via a series of trades between August to December 2018.

READ: Blackstone Minerals raises $1.2 million for further exploration in Canada and Western Australia

Blackstone has planned further exploration at its BC Cobalt-Gold Project in Canada and the Silver Swan South Nickel-Gold Project in Western Australia.

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

Little Gem 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.

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

Quick facts: Blackstone Minerals Ltd

Price: 0.135 AUD

ASX:BSX
Market: ASX
Market Cap: $25.78 m
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