King Cobra Discovery Extended At Depth – 47m at 1 Percent Nickel From 65m

Blackstone Minerals Limited (ASX:BSX) is pleased to announce it has extended the KCZ at depth within the Ban Phuc DSS with significant down-dip extension results.

  • Blackstone has extended the King Cobra discovery zone (KCZ) at depth with the following significant down-dip extension results:
    • BP20-27 74.8m @ 0.83% Ni, 0.12% Cu, 0.02% Co & 0.19g/t PGE1 from 61.5m
    • incl. 16.25m @ 1.31% Ni, 0.17% Cu, 0.02% Co & 0.30g/t PGE from 63.5m
    • and 17.8m @ 1.06% Ni, 0.2% Cu, 0.02% Co & 0.21g/t PGE from 116.5m
    • and 3.5m @ 2.36% Ni, 0.22% Cu, 0.06% Co & 0.03g/t PGE from 156.5m
    • incl. 0.7m @ 7.44% Ni, 0.59% Cu, 0.19% Co & 0.03g/t PGE from 159.3m

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

  • Additional new drill intersections from the KCZ and from the deeper Ban Duoi Zone (BDZ) include the following significant results;
    • BP20-26 58.15m @ 0.92% Ni, 0.15% Cu, 0.02% Co 0.17g/t PGE from 58.2m
    • incl. 46.8m @ 1.04% Ni, 0.18% Cu, 0.02% Co & 0.19g/t PGE from 65.8m
    • BP20-28 141m @ 0.46% Ni, 0.06% Cu, 0.01% Co & 0.13g/t PGE from 20m
    • incl. 18.1m @ 0.81% Ni, 0.12% Cu, 0.01% Co & 0.23g/t PGE from 65.8m
    • and 73.3m @ 0.72% Ni, 0.07% Cu, 0.01% Co & 0.45g/t PGE from 227m (BDZ)
    • incl. 27.65m @ 1.17% Ni, 0.16% Cu, 0.01% Co & 0.85g/t PGE from 235m (BDZ)
    • incl. 16.35m @ 1.33% Ni, 0.18% Cu, 0.02% Co & 1.01g/t PGE from 246m (BDZ)
  • Blackstone’s drill holes BP20-26, BP20-27 and BP20-28 are located within the centre of the KCZ where the Company continues to drill at depth;
  • The King Cobra discovery remains open down dip and along strike;
  • Blackstone continues with one diamond drill rig targeting down dip extensions of the KCZ and two diamond drill rigs testing massive sulfide vein (MSV) targets at Ban Chang;
  • Blackstone’s Scoping Study on downstream processing to produce nickel sulfate for the lithium-ion battery industry and a Ban Phuc maiden resource are on track for completion during Q3;

Blackstone Minerals’ Managing Director Scott Williamson commented:

“Drilling at our KCZ continues to deliver high-grade, shallow, disseminated nickel sulfide mineralisation. The broad intersections are proving up down-dip extensions to what looks like a very economic starter pit scenario at King Cobra.”

“We look forward to further shallow, high-grade results from King Cobra while we also continue to aggressively drill the exciting MSV targets such as Ban Chang to supplement the bulk tonnage opportunities from Ban Phuc and KCZ.”

Blackstone Minerals Limited (ASX:BSX) is pleased to announce it has extended the KCZ at depth within the Ban Phuc DSS with significant down-dip extension results.

Blackstone’s maiden drill holes BP20-26, BP20-27, and BP20-28 intersected the following significant results:

  • BP20-26 58.15m @ 0.92% Ni, 0.15% Cu, 0.02% Co 0.17g/t PGE from 58.2m
  • incl. 46.8m @ 1.04% Ni, 0.18% Cu, 0.20% Co & 0.19g/t PGE from 65.8m
  • BP20-27 74.8m @ 0.83% Ni, 0.12% Cu, 0.02% Co & 0.19g/t PGE from 61.5m
  • incl. 16.25m @ 1.31% Ni, 0.17% Cu, 0.02% Co 0.30g/t PGE from 63.5m
  • and 17.8m @ 1.06% Ni, 0.2% Cu, 0.02% Co 0.21g/t PGE from 116.5m
  • and 3.5m @ 2.36% Ni, 0.22% Cu, 0.06% Co 0.03g/t PGE from 156.5m
  • incl. 0.7m @ 7.44% Ni, 0.59% Cu, 0.19% Co & 0.03g/t PGE from 159.3m
  • BP20-28 141m @ 0.46% Ni, 0.06% Cu, 0.01% Co & 0.13g/t PGE from 20m
  • incl. 18.1m @ 0.81% Ni, 0.12% Cu, 0.01% Co & 0.23g/t PGE from 65.8m
  • and 73.3m @ 0.72% Ni, 0.07% Cu, 0.01% Co & 0.45g/t PGE from 227m (BDZ)
  • incl. 27.65m @ 1.17% Ni, 0.16% Cu, 0.01% Co & 0.85g/t PGE from 235m (BDZ)
  • incl. 16.35m @ 1.33% Ni, 0.18% Cu, 0.02% Co & 1.01g/t PGE from 246m (BDZ)

Blackstone’s drilling continues to intersect the KCZ over 200m of strike length and the discovery remains open down dip and along strike to the north-west and south-east. Blackstone has completed initial resource drilling at Ban Phuc and placed two rigs on standby, however it continues its aggressive exploration program with one diamond drill rig targeting the down dip extents of the KCZ and two diamond drill rigs testing MSV targets throughout the Ta Khoa Nickel-Cu-PGE project, initially at the Ban Chang prospect.

Click here to read the full press release.

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

Source

[text_ad[

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:
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

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.

Highlights

– 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