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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: 0.165 AUD

ASX:BSX
Market: ASX
Market Cap: $38.04 m
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Blackstone Minerals strikes more broad nickel sulphide at King Cobra discovery

Blackstone Minerals Ltd (ASX:BSX) (OTCMKTS:BLSTF) continues to deliver impressive results from Ta Khoa Nickel-PGE project in Vietnam with disseminated nickel sulphide mineralisation returned from the King Cobra discovery. Managing director Scott Williamson told Proactive that the discovery is...

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