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Blackstone Minerals Ltd.
Summary
| Project: | Ta Khoa | |
|---|---|---|
| Deposit: | King Cobra | |
| Location: | Vietnam | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium-Gold | |
| Date: | 3/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-3-2020: Blackstone Minerals Ltd. announces an Exploration/Drilling Update report for its King Cobra deposit at the Ta Khoa project. Drilling results incl. 96.3m @ 0.64% Ni, 0.22g/t Pt+Pd+Au from 0m. Blackstone Minerals Limited (ASX code: BSX) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Radonjic (Internal) | |
| ABSTRACT: | Blackstone Minerals Limited (ASX code: BSX) is pleased to announce the intersection of 0.55m of Massive Sulfide Vein (MSV) mineralisation within a 2.5m wide tremolite-rich dyke within the broader 58m down hole intersection of disseminated nickel sulfide mineralisation at the King Cobra discovery. Blackstone’s drilling of the King Cobra discovery continues to deliver shallow intersections of high grade disseminated nickel sulfide (DSS) mineralisation including 39m @ 1.1% Ni and 28m @ 1.2% Ni from near surface. The King Cobra discovery remains open down dip and along strike to the north-west and south-east and has been traced with drilling over 200m of strike length. Since announcing the option agreement in May 2019, Blackstone has made significant progress at the Ta Khoa Nickel-PGE Project, drilling over 12,000m of diamond core in more than 65 holes into the Ban Phuc DSS deposit and King Cobra discovery zone. Blackstone is well advanced with an initial scoping study evaluating mining and processing options, including potential in-country downstream processing to deliver high value nickel sulfate into Asia’s rapidly expanding electric vehicle (EV) industry. The recently announced MOU (see ASX announcement dated 2nd December 2019) with Korea’s largest and the world’s second largest, EV battery cathode manufacturer, Ecopro BM Co Limited represents a significant step toward making this a reality. | |
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