Blackstone Minerals has a tight capital structure, a well credentialed management team and strong portfolio of Western Australian gold focussed exploration projects.
The Red Gate Project is a significantly sized and strategically located gold project with “walk up” drill targets over multiple prospects. Red Gate already hosts high grade drill intersections including 14m @ 3.7g/t Au from 1 metre, 10m @ 8.5g/t Au from 9 metres & 12m @ 9.2g/t Au from 8 metres.
The Company’s Middle Creek Project is situated just 15km north-east from Millennium Minerals, Golden Eagle operations (production of ~300,000ozs Au since 2012) and only 10km west of Millennium’s latest high grade discovery at the Little Wonder Deposit (31m @ 3.4g/t Au and 15m @ 4.8g/t Au). Middle Creek covers over 12km of strike of the Middle Creek Mineralized Corridor and hosts significant gold mineralization (including free gold) at surface.
The Silver Swan South Project is strategically and geologically located along strike from the world class Kanowna Belle Gold Mine (5Moz gold endowment) as well as the high grade Silver Swan (655kt @ 9.5%Ni) nickel mine. Nickel and gold targets have already been identified at the Silver Swan South Project.