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Blackstone Minerals Ltd.
Summary
| Project: | Ta Khoa | |
|---|---|---|
| Deposit: | Ban Phuc | |
| Location: | Vietnam | |
| Commodities: | Nickel-Copper-Platinum-Palladium-Gold | |
| Date: | 9/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2019: Blackstone Minerals Ltd. announces an Exploration/Drilling Update report for its Ban Phuc deposit at the Ta Khoa project. Drilling results incl. 45.5m @ 1.20% Ni, 0.17% Cu, 0.13g/t Pt, 0.15g/t Pd, 0.07g/t Au from 56.5m. Blackstone Minerals Limi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Radonjic (internal) | |
| ABSTRACT: | Blackstone Minerals Limited (ASX code: BSX) is pleased to announce PGE assays from the maiden drill results at the Ta Khoa Nickel Project in Northern Vietnam. The Ta Khoa Nickel Project is located 160km west of Hanoi (see Figure 4) in the Son La Province of Vietnam and includes an existing modern nickel mine (Ban Phuc) built to Australian Standards, which is currently under care and maintenance. The Ban Phuc nickel mine successfully operated as a mechanised underground nickel mine from 2013 to 2016. Blackstone’s maiden PGE assays have potential to significantly improve the economics of the large unmined disseminated sulfide prospect at Ban Phuc with the initial three holes delivering the following results. Blackstone is the first company to assay the Ban Phuc DSS for PGE’s and has subsequently uncovered a previously unrecognised opportunity. Previous owners focused on the Ban Phuc MSV which has relatively low PGE grades and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa Nickel Project. Blackstone’s maiden PGE assays combined with the abundance of disseminated nickel sulfide targets suggest PGEs associated with disseminated nickel sulfide mineralisation could significantly improve the economics of the Ta Khoa Nickel Project. Given the potential for a significant by-product credit associated with the disseminated nickel sulfide mineralisation throughout the project, Blackstone will now continue to pursue disseminated nickel sulfide targets as a priority. Blackstone will now look to further investigate this previously unrecognised opportunity and continue to unlock what could be a globally significant nickel sulfide system at the Ta Khoa Nickel Project. | |
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