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Blackstone Minerals 'dealing with something much larger than we thought'

Blackstone Minerals (ASX:BSX) managing director Scott Williamson speaks to Proactive Investors about second phase induced polarisation (IP) survey results that have turned up new targets at the Jewel copper-gold-cobalt prospect within the large-scale Little Gem Project in British Columbia, Canada.

"The Jewel mine was a high-grade gold mine with some copper, and we don't think they knew they had some cobalt as well. It's a very high-grade target at surface, but these IP anomalies are significantly larger than anything we've seen before; we're talking something that's up to a kilometre long. So we're dealing with a much larger scale sulphide body... we think that's the source of that high-grade mineralisation... it's clear we're dealing with something much larger than we thought," says Williamson.

Quick facts: Blackstone Minerals Ltd

Price: 0.345 AUD

Market: ASX
Market Cap: $110.51 m

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