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Blackstone Minerals Ltd.

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Summary

Project:

Ta Khoa

Deposit:Ban Chang
Location:Vietnam
Commodities:Copper-Nickel-Cobalt-Nickel-Gold-PGM-Silver
Date:7/2/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:2-7-2020: Blackstone Minerals Ltd. announces an Exploration/Drilling Update report for its Ban Chang deposit at the Ta Khoa project. Drilling results incl. 9.8m @ 1.45% Ni, 0.9% Cu, 0.08% Co, 0.23g/t Pt, 0.44g/t Pd, 0.03g/t Au, 5g/t Ag from 57.05m. Blacks
Resources:x
CP/QP:[Overall Report] Andrew Radonjic (Internal)
ABSTRACT:Blackstone Minerals Limited (ASX code: BSX) is pleased to announce it has intersected massive sulfide in four maiden drill holes at Ban Chang, part of its Ta Khoa Nickel-Cu-PGE project in Vietnam. The drill holes were drilled more than 1.2km apart and along strike within a 1.2km-long massive sulfide target zone defined by high priority EM plates. Blackstone’s maiden drillhole BC20-03 intersected the following significant results Earlier hole BC20-02 intersected 1.2m MSV from 87.0m (Refer to Figure 1) and BC20-04 intersected a 15.4m wide zone of sulfide vein mineralization (Refer to Figure 1). The drilling is part of an ongoing campaign to target regional MSV as Blackstone aims to build its resource inventory at Ta Khoa to supplement the Ban Phuc maiden resource, which is on track for completion in Q3, 2020. The Ban Chang prospect is located 2.5km south-east of the Ban Phuc deposit and processing facility, adjacent to the Chim Van – Co Muong fault system. The prospect geology consists of a tremolitic dyke swarm within phyllites, sericite schists and quartzites of the Devonian Ban Cai Formation. The known mineralisation style is mainly veins and lenses of massive sulfide, as well as disseminated sulfides (DSS) hosted within tremolite dykes. The dyke swarm is approximately 900m long and varies between 5m and 60m wide (see figure 1). The dykes and massive sulfide are interpreted to be hosted within a splay (and subsidiary structures) off the major regional Chim Van – Co Muong fault system.

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