Blackstone Minerals (ASX:BSX) Confirms High-Grade Copper-Gold Core at Mankayan
Drill Results
Blackstone Minerals Limited (ASX:BSX) announced assay results from drillhole CDH-61, intersecting over 300m of high-grade mineralisation in the Mankayan copper-gold porphyry project. The drillhole ended in mineralisation, confirming a high-grade core within this world-class deposit.
Project Overview
Located 2.5km from the Lepanto gold mine in the Philippines, the Mankayan project benefits from proximity to established mining infrastructure. The project is currently undergoing a merger between Blackstone and IDM International, positioning it for further exploration and growth.
Future Outlook
Assays from the second drillhole, CDH-62A, are pending. Blackstone plans to angle future drillholes to better represent the high-grade zones. The Mankayan project remains open at depth and along strike, offering significant exploration potential.
Executive Comments
Managing Director Scott Williamson stated, “The recent drill results from CDH-6 are a significant milestone for the Mankayan copper-gold porphyry project. The confirmation of a high-grade core within the system underscores the exceptional quality of this asset and highlights its potential to support a low-capex, high-return development strategy.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
