Blackstone Minerals Limited (ASX: BSX) is pleased to announce results from phase two of the recently completed IP survey at the Jewel Copper-Gold-Cobalt Prospect in British Columbia, Canada. The IP survey has identified new IP chargeability and resistivity anomalies which are significantly larger and stronger than the anomalies from the first phase and all exhibit chargeability and resistivity signatures typical of sulfide bearing bodies.
Blackstone’s Managing Director commented;
“Our second phase of IP survey results have identified large-scale targets at the Jewel Copper-Gold-Cobalt Prospect. The Jewel mine was a very high grade mine in the late-1930’s with average grades of 73 g/t gold, 8g/t silver and 0.4% copper and high grades of up to 153g/t gold, 137g/t silver and 19.2% copper. Our field work indicates Jewel is associated with anomalous Cobalt mineralisation and with the recent Erebor Cobalt-Gold discovery nearby the Little Gem project is shaping up to be a world class Cobalt district.
The Petrophysical analysis we completed on core samples from Little Gem indicate the sulfide alteration associated with the cobalt and gold mineralisation at Little Gem has a high IP response. These IP/ resistivity surveys have highlighted targets that are consistent with the measured response from Little Gem but significantly larger in size.”