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Blackstone Minerals Ltd

Blackstone Minerals brings in second drill rig for next phase

The company sees significant potential to delineate further high-grade mineralisation throughout the Ta Khoa Nickel Project.

Blackstone Minerals Ltd - Blackstone Minerals brings in second drill rig for next phase
Exploration is focused on the area surrounding the project’s existing infrastructure

Blackstone Minerals Ltd’s (ASX:BSX) has commenced the second phase of drilling with a second diamond drill rig mobilised at the Ta Khoa Nickel Project in Northern Vietnam.

The second drill rig has deeper drilling capabilities to test the multiple new targets generated from a recently completed induced polarisation (IP) survey.

The shallow drill rig will continue to test sulphide targets at the Ban Phuc nickel mine area within the project.

Ban Phuc is an existing modern underground nickel mine built to Australian Standards for operation between 2013 and 2016, which is currently under care and maintenance.

Consistent news flow over coming weeks

Blackstone’s managing director Scott Williamson said: “We’re excited to be drilling our deeper targets generated from the recently completed IP survey at the Ta Khoa Nickel Project, we look forward to further consistent news flow from both drill rigs over the coming weeks.

“We remain well funded to test the multiple new targets generated from the maiden IP survey and continue to unlock the full potential of the extensive Nickel sulfide system at Ta Khoa.”

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Price: $0.17

Market: ASX
Market Cap: $27.36 m
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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