Blackstone Commences Drilling New Nickel Targets At Ta Cuong

Blackstone Minerals (ASX:BSX) has commenced drilling at Ta Cuong, using electromagnetic (EM) plates to test new massive sulfide vein (MSV) targets for high impact drilling over the coming months

  • Blackstone Minerals (ASX:BSX) has commenced drilling at Ta Cuong, using electromagnetic (EM) plates to test new massive sulfide vein (MSV) targets for high impact drilling over the coming months;
  • The drilling at Ta Cuong sees Blackstone continue its aggressive exploration program with multiple rigs targeting MSV prospects analogous to the recently discovered Ban Chang prospect and the flagship Ban Phuc orebody;
  • Ta Cuong is 6km along strike from Ban Chang and proximal to a major regional structure that is also close to the Ban Phuc and Ban Chang prospects;
  • Drilling by previous owners did not target geophysical anomalies, however Blackstone has used it’s highly successful, in-house geophysics team to define new targets at Ta Cuong for high impact drill testing;
  • Blackstone’s recent assaying of historic drill holes (previously unassayed) from Ta Cuong returned the following significant results:

BKh18-02 15.6m @ 0.66% Ni, 0.6% Cu, 0.04% Co & 0.31g/t PGE 1 from 45.9m

incl. 0.6m @ 1.95% Ni, 4.47% Cu, 0.12% Co & 0.66g/t PGE from 51.7m

BKh18-03 5.0m @ 0.84% Ni, 0.59% Cu, 0.05% Co & 0.87g/t PGE from 150.0m

incl. 2.55m @ 1.43% Ni, 0.86% Cu, 0.09% Co & 0.78g/t PGE from 150.45m

1 Platinum (Pt) + Palladium (Pd) + Gold (Au)

  • Ta Cuong is the Company’s second high priority MSV prospect within Blackstone’s portfolio of 25 MSV prospects to be systematically tested with modern techniques;
  • A recently purchased fourth drill rig will follow the geophysics crew throughout the Ta Khoa nickel sulfide district, testing high priority EM targets generated from 25 MSV prospects including Ban Chang, Ta Cuong, Ban Khoa and King Snake;
  • Drilling continues at the King Cobra Discovery zone (KCZ) and Ban Chang;
  • The current Scoping Study is focused on downstream processing to produce nickel sulfate for the lithium-ion battery industry with the maiden resource on track for completion in Q3, CY20;

Blackstone Minerals’ Managing Director Scott Williamson commented:

“We are pleased to announce drilling has commenced at Ta Cuong, our second MSV prospect. Based on geological similarities and now with some exciting EM plates to target, we believe it has the potential to deliver similar results to Ban Chang and Ban Phuc.

“We continue to systematically test our 25 MSV prospects and with our in-house geophysics crew and Blackstone-owned drill rigs, we can cost effectively explore this globally significant nickel sulfide district using modern geophysical techniques.

“We see potential to increase future annual nickel production from the Ta Khoa Nickel-Cu-PGE project through targeting high-grade MSV to complement the base load nickel sulfide feed from the bulk open pit mining scenario we are currently modelling at Ban Phuc and King Cobra.”

Click here to read the full press release

Click here to connect with Blackstone Minerals Limited (ASX:BSX) for an Investor Presentation


AU$4 Billion Galaxy/Orocobre Merger to Create Top 5 Lithium Company

Australia’s Orocobre (TSX:ORL,ASX:ORE) and Galaxy Resources (ASX:GXY,OTC Pink:GALXF) agreed this week to join forces in a AU$4 billion “merger of equals.” The deal comes as demand for lithium for electric vehicle (EV) batteries continues to pick up pace.

Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

Keep reading... Show less

IIROC Trading Halt – TMRR

The following issues have been halted by IIROC:

Company: Tempus Resources Ltd.

Keep reading... Show less

Cleantech Investing in Australia

Climate change is a looming issue for Australians, with 82 percent concerned about bushfires and 81 percent worried that drought or flooding will affect crop production and food supply.

This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Becoming a substantial holder

The announcement can be viewed at:

Keep reading... Show less

Hastings Technology Metals Ltd Signs Major Offtake Contract with thyssenkrupp

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Limited (ASX:HAS) is pleased to announce that it has executed a binding offtake contract with thyssenkrupp Materials Trading GmbH (TK), for high-grade mixed rare earth carbonate (MREC) from the Company’s Yangibana Rare Earths Project (Yangibana) in the Gascoyne region of Western Australia.


– Hastings announces signing of a major offtake contract for the supply of its high grade product from its Yangibana Rare Earths Project in Western Australia to thyssenkrupp Materials Trading GmbH.

Keep reading... Show less

Top News

Related News