Intersects Massive Sulphide Nickel Within Ta Khoa Project
Blackstone Minerals Limited (ASX:BSX) continues to intersect Massive Sulfide Vein (MSV) mineralisation at the King Snake target within its Ta Khoa Nickel Project in Vietnam.
MSV has been observed in all drill holes subsequent to the company’s recent maiden intersections at King Snake.
Managing Director, Scott Williamson, said the vompany is aggressively drilling at King Snake and sees significant potential for it to be incorporated into ongoing mining and processing studies given the exploration success to date.
Highlights from continued exploration at King Snake include:
• All five additional drill holes at King Snake have intersected MSV mineralisation. KS21-06 intersected 19.55m of continuous mineralisation, including disseminated sulphide (DSS), semi-massive sulphide vein (SMSV) and MSV;
• New intersections together with historic drill results have defined a strike length of 800m. Importantly, the mineralisation is open in multiple directions;
Mr Williamson said Blackstone’s drilling at King Snake is focusing on new Electro-magnetic (EM) geophysics targets which extend down plunge to the west of historic drilling. Initial visual results suggest greater thickness of sulphide mineralisation down plunge of historic drilling.
With resource estimation currently underway at Ban Chang, King Snake has become the company’s highest priority MSV exploration target. Multiple drill rigs are currently on site and will continue to test the extent of the mineralisation.
Mr Williamson said King Snake has the potential to materially add to the company’s MSV mining inventory and support the restart of the existing 450ktpa Ban Phuc concentrator.
The company expects to provide an update regarding the anticipated King Snake assay results, along with results from ongoing infill drilling at Ban Chang and Ban Phuc DSS over the coming weeks.
“We are pleased by the rate of drilling at King Snake and the success of our exploration strategy in following up EM targets defined by our in-house geophysics team,” Mr Williamson said.
“King Snake features multiple EM plates and is proving to be one of Blackstone’s best massive sulfide nickel opportunities to date.
“We look forward to further aggressive drilling, reporting assays as they become available and being able to incorporate King Snake into our massive sulphide strategy.”
