viewBlackstone Minerals Ltd

Blackstone Minerals strikes again with new Viper nickel zone at Ta Khoa Project in Vietnam

The company’s geology team followed up the new EM anomalies with a series of trenches to better understand the prospectivity of the Viper Discovery Zone (VDZ).

Blackstone Minerals Ltd - Blackstone Minerals discovers new nickel zone at Ta Khoa Project in Vietnam
A nickel-copper gossan float sample that assayed 0.8% nickel and 0.5% copper

Blackstone Minerals Ltd (ASX:BSX) (FRA:B9S) has continued its impressive run of results from the Ta Khoa Nickel-Copper-PGE in Vietnam with the Viper discovery, a new zone of mineralisation coincident with high-priority EM plates east of the Ban Chang prospect.

Identification of the Viper Discovery Zone (VDZ) has seen the company's shares increase again, rising up 9.6% today to a new high of 46 cents, double the close on July 17.

The company’s in-house geophysics crew recently generated the blind discovery of potential massive sulphide nickel targets at VDZ with a series of new shallow EM anomalies around 200 metres northeast of Ban Chang East.

Blackstone’s geology team followed up the new EM anomalies with a series of trenches to better understand the prospectivity of the VDZ and discovered a nickel-copper gossan with a float sample assaying 0.8% nickel and 0.5% copper.

Potential for “much more undiscovered” nickel

Managing director Scott Williamson said: “We’re excited to announce the new Viper Discovery Zone at Ban Chang, a massive sulphide target initially generated by our in-house geophysics team and recently followed up by our geology team to confirm the potential of the target to host nickel-copper sulphide mineralisation.

“The VDZ is a blind discovery which bodes well for further blind discoveries throughout the Ta Khoa Nickel-Copper-PGE district and shows the potential of this project to host much more undiscovered nickel sulphide mineralisation.

“In addition to blind discovery potential, we have 25 massive sulphide targets, which are all associated with outcropping mineralisation at surface, and with our in-house geophysics team we can generate additional blind discoveries that were not known to previous operators of the project.”

Blackstone’s four maiden drill holes at nearby Ban Chang have all previously intersected massive sulphide nickel over a 1.2 kilometres strike within a 1.2-kilometre-long massive sulphide target zone defined by high priority EM plates.

Aggressive exploration program continues

The company is continuing its aggressive exploration program with six drill rigs, four owned by the company.

Three rigs are drilling at Ban Chang, testing massive sulphide vein (MSV) targets and three are testing down dip extensions of the King Cobra Discovery Zone (KCZ) at Ban Phuc.

A maiden resource estimate and scoping study on downstream processing to produce nickel sulphate for the lithium-ion battery industry are on track for release this quarter.

Quick facts: Blackstone Minerals Ltd

Price: 0.43 AUD

Market: ASX
Market Cap: $133.53 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Blackstone Minerals Ltd named herein, including the promotion by the Company of Blackstone Minerals Ltd in any Content on the Site, the Company...


Blackstone Minerals Ltd's Scott Williamson outlines $21mln fundraise to...

Blackstone Minerals Ltd's (ASX:BSX) Scott Williamson speaks to Proactive after announcing they've received firm commitments from sophisticated, professional and institutional investors to raise up to $17.8 million through a placement. Additionally the company intends to raise $3 million under a...

5 days, 9 hours ago

2 min read