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Blackstone Minerals enters trading halt pending news of capital raising

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

Blackstone Minerals Ltd - Blackstone Minerals enters trading halt pending news of capital raising
Blackstone aims to deliver a maiden resource on the disseminated sulphide mineralisation

Blackstone Minerals Ltd (ASX:BSX) has been granted a trading halt by the ASX pending the release of an announcement regarding a proposed capital raising.

The halt will remain in place until the earlier of the start of trading on Monday, September 23, or when the announcement is released to the market.

Notable disseminated nickel sulphide zone at Ban Phuc

The company recently intersected the first ever platinum group element assays in the maiden drilling program at its Ta Khoa Nickel Project in Vietnam.

Initial drilling interested platinum, palladium and gold within the Ban Phuc disseminated nickel sulphide zone, with peak assays up to 3.4% nickel and 2 g/t PGE.

The maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with the sulphide mineralisation could substantially improve Ta Khoa’s economics.

Quick facts: Blackstone Minerals Ltd

Price: 0.12 AUD

ASX:BSX
Market: ASX
Market Cap: $23.01 m
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Full interview: Blackstone Minerals PGE assays a game-changer at Vietnamese...

Blackstone Minerals Ltd (ASX:BSX) managing director Scott Williamson updates Proactive on its maiden drilling program at the Ta Khoa Nickel Project in northern Vietnam, which has delivered the project's first-ever PGE assays. Assay results from the first of three drill holes at Ta Khoa have...

on 18/9/19

2 min read