Blackstone Minerals Limited Discovers a New High Grade Gold Prospect Named Roxey
September 05, 2017 at 07:36 pm EDT
Blackstone Minerals Limited announced that the company has discovered a new high grade Gold prospect named Roxey. Surface rock chip samples taken at Roxey assayed up to 24 g/t gold & 1.9% copper. In addition to the discovery at Roxey, Blackstone has also received rock chip results from the Jewel prospect located 1.1 km north-northeast of Little Gem, with assays returning up to 98 g/t gold and 3.2% copper. Blackstone recently completed a site visit as part of the due diligence program at the recently acquired Little Gem Cobalt-Gold Project in British Columbia, Canada. Samples were taken to verify the mineralisation identified historically at the Little Gem Cobalt-Gold Prospect and the Jewel Gold Prospect and to test other exploration opportunities within the project area. Results led to the discovery of a new high grade Gold prospect named Roxey. The Roxey Gold prospect is located 1.5 kms west-southwest of the Little Gem Cobalt-Gold prospect and is along strike to the cobaltgold mineralization at Little Gem. Blackstone visually identified Roxey during the site visit and took rock chip samples within the target area which assayed up to 24 g/t gold, 1.9% copper & 24 g/t silver. Mineralization at Roxey is associated with quartz-pyrite altered diorite containing chalcopyrite. The verification rock chip samples taken at the Little Gem Cobalt-Gold prospect returned results of up to 5.0% cobalt & 34 g/t gold, 4.8% cobalt & 89g/t gold, 0.65% cobalt & 137 g/t gold and 3.1% cobalt & 24g/t gold. These results confirm the High Grade nature of Little Gem and support historical drill results such as 1.8 m @ 2.4% cobalt & 112 g/t gold, 3.3 m @ 1.4% cobalt & 12.3 g/t gold, 2.9 m @ 0.9% cobalt & 12 g/t gold, 4.1 m @ 1.4% cobalt & 11.3 g/t gold and 3.3 m @ 1.4% cobalt & 80 g/t gold. Surface rock chip samples were also taken to verify the mineralisation at the Jewel prospect located 1.1 km north-northeast of Little Gem and returned up to 98 g/t gold and 3.2% copper. These results confirm what Blackstone's recent investigation has revealed with historical samples of up to 0.6 m @ 75 g/t gold and 0.45m @ 153 g/t gold from underground and surface channel sampling and up to 6.9 g/t gold, 19.25% copper & 137 g/t silver from underground rock chip sampling. Mineralization at Jewel sits in an ultramafic near the easterly trending/steep south dipping contact with the quartz diorite/granodiorite that hosts the Little Gem Prospect. The Company continues to finalize preparations for its maiden drilling program at the High Grade Little Gem Cobalt-Gold Prospect and looks forward to defining other exploration targets within the Project area so it can deliver a steady flow of exploration results from activity in the current field season.