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Blackstone Minerals Ltd

Blackstone Minerals intersects up to 45 metres at 1.2% nickel sulphides at Vietnamese nickel project

The first phase of the induced polarisation survey is now complete with processing ongoing to define higher grade zones of DSS to target the second phase of deeper drilling.

Blackstone Minerals Ltd - Blackstone Minerals intersects up to 1.2% nickel sulphides at Ta Khoa Nickel Project in Vietnam
The Ta Khoa Nickel Project has existing modern infrastructure built to Australian standards

Blackstone Minerals Ltd (ASX:BSX) has intersected up 45 metres at 1.2% nickel sulphides at the Ta Khoa Nickel Project within the first three drill holes in northern Vietnam.

The project is 160 kilometres west of Hanoi in the Son La province of Vietnam and includes an existing modern nickel mine currently under care and maintenance.

Blackstone’s maiden drilling results are consistent with historic drilling and confirm the potential for a large unmined disseminated sulphide prospect at Ban Phuc.

READ: Blackstone Minerals begins drilling at Ta Khoa Nickel Project in Vietnam

Blackstone Mineral’s managing director Scott Williamson said: “The initial results from our maiden drilling at Ta Khoa have confirmed we have a large unmined, disseminated sulphide body at Ban Phuc.

“We look forward to more results from the IP survey to define further targets for our second phase of deeper drilling which we will commence over the coming weeks.”

Notable results include:

  • 22 metres at 0.76% nickel, 0.13% copper and 0.01% cobalt from 138 metres, including 5 metres at 2.23%, 0.17% and 0.03% from 138 metres;
  • 17.8 metres at 1%, 0.09% and 0.01% from 106.6 metres; and
  • 45.5 metres at 1.2%, 0.17% and 0.01% from 56.5 metres.

Next steps

Previous project owners focused mining and exploration efforts on the MSV at Ban Phuc, while Blackstone will look to explore both MSV targets as well as DSS targets throughout the entire Ta Khoa project.

Blackstone will also conduct further geophysics on the MSV and DSS deposits and continue the substantial drilling campaign.

The company aims to deliver a maiden resource on the disseminated sulphides found at Ban Phuc over the coming months and investigate the potential to re-start the Ban Phuc concentrator through focused exploration on both MSV and DSS deposits.

The company will also begin metallurgical testing on the Ban Phuc disseminated orebody to support a flow sheet for a product suitable for the lithium ion battery industry.

In addition, Blackstone will investigate the potential to develop downstream processing infrastructure in Vietnam to produce a downstream nickel and cobalt product to supply Asia’s growing lithium battery industry.

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Blackstone Minerals kicks off maiden drilling and geophysics at flagship...

Blackstone Minerals Ltd (ASX:BSX) managing director Scott Williamson speaks to Proactive's Andrew Scott soon after announcing the start of diamond drilling and geophysics at their Ta Khoa Nickel Project in Northern Vietnam. The Ta Khoa Nickel Project sits 160 kilometres west of Hanoi and...

on 8/7/19

2 min read