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Blackstone Minerals Ltd.

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Summary

Project:

Ta Khoa

Deposit:Ban Phuc
Location:Vietnam
Commodities:Nickel-Copper-Cobalt-Platinum-Palladium-Gold
Date:12/18/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:18-12-2019: Blackstone Minerals Ltd. announces an Exploration/Drilling Update report for its Ban Phuc deposit at the Ta Khoa project. Drilling results incl. 106m @ 0.45% Ni, 0.04% Cu, 0.01% Co, 0.20g/t Pt+Pd+Au from 215m. Blackstone Mineral’s Managing Dir
Resources:x
CP/QP:[Overall Report]: Andrew Radonjic (Internal)
ABSTRACT:Blackstone Mineral’s Managing Director Scott Williamson commented: “Blackstone is very pleased with the rapid progress and exciting results to date that are outlining a near surface, large scale disseminated Nickel - PGE deposit at Ban Phuc. We feel that the discovery of the King Cobra zone is a step change for exploration of the deposit. A substantial thickness of disseminated and potentially higher-grade Nickel – PGE mineralisation within a few metres of surface may prove to be a bulk mineable opportunity”. Blackstone Minerals Limited (ASX code: BSX) is pleased to announce the King Cobra discovery of a new, near surface higher grade zone of nickel sulfide bearing semi-massive sulfide veins (SMSV) at the Ta Khoa Nickel Project in Northern Vietnam (see Figure 7). The King Cobra discovery includes near surface downhole intervals of up to 60m and visual estimates of up to 20% sulfide mineralisation (see Figure 1 & Tables 3 & 4 for full details). The King Cobra discovery includes the first-ever intersection of massive sulfide vein and breccia styles of sulfide mineralisation within the Ban Phuc intrusion which may provide vectors towards the high grade “feeder zone” mineralisation (see Figure 5 for magmatic nickel sulfide model).

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