RM Research - Blackstone Minerals Ltd (ASX:BSX) - High Grade Co-Au-Cu acquisition in British Columbia

Blackstone Minerals Limited (ASX:BSX) Research Notes issued by RM Research on a High Grade Co-Au-Cu acquisition in British Columbia

Key Points From the Research Note:

- BSX are holding their General Meeting to approve the acquisition of Cobalt One this morning.

- Rock chip sampling as part of the due diligence program at Little Gem Mine has confirmed the occurrence of high grade cobalt-copper-gold mineralisation that was the focus of previous underground mining activity in the 1930's.

- The Project covers approximately 195km2 and is situated near Whistler in British Columbia.

- Little Gem represents a walk up start for a junior with existing headings on high-grade cobalt-gold-copper mineralisation. The business strategy is to outline a JORC Indicated resource and produce a high-grade concentrate suitable for toll treatment/mine gate sale.

- Rock chip sample SOLG019A from the Roxey Prospect (ASX Announcement 6/9/2017) situated 1.5km along strike from Little Gem, returned up to 24g/t gold and 1.94% copper from outcropping iron stained quartz-pyrite altered diorites.

To view the Research Notes, please visit:
http://abnnewswire.net/lnk/9BR3880O


About Blackstone Minerals Ltd

Blackstone Minerals Ltd (ASX:BSX) is an explorer/developer with an international portfolio of battery and precious metals exploration projects. These include the Ta Khoa Project (Nickel-Copper-Cobalt-PGE) in Vietnam, The BC Project (Cobalt-Gold) in Canada, the Silver Swan South Project (Gold-Nickel) in Western Australia and the Middle Creek Project (Gold) in Western Australia.

The company's core focus is the Ta Khoa Project, located 160km west of Hanoi in the Son La Province of Vietnam, in South East Asia's premiere nickel sulfide district. Maiden drilling commenced at the Ta Khoa Nickel Project in August 2019 with the initial diamond drilling intersecting substantial disseminated nickel sulfide mineralisation, including 45.5m @ 1.2% nickel sulfides.

Previous project owners invested more than US$136m into the project and generated US$213m in revenue during a 3.5-year period of falling nickel prices. The project was placed into care and maintenance in mid-2016 during some of the lowest nickel prices in the past 10 years. Existing infrastructure associated with the project includes an internationally-designed 450ktpa processing plant connected to local hydro grid power, with a fully-permitted tailings facility and a modern 250-person camp.

Blackstone is investigating the potential to develop downstream processing infrastructure in Vietnam to produce a downstream nickel and cobalt product to supply Asia’s growing lithium-ion battery industry.

The company has a well-credentialed management team with a proven track record of discovery and creating shareholder wealth, including Hamish Halliday (Non-Executive Chairman), Scott Williamson (Managing Director), Andrew Radonjic (Technical Director) and Steve Parsons (Non-Executive Director).

 

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