Blackstone Minerals extends King Cobra discovery at depth with 47 metres at 1% nickel from 65 metres

Blackstone Minerals Ltd (ASX:BSX) has extended the King Cobra discovery zone (KCZ) at depth within the Ban Phuc DSS of the Ta Khoa Nickel-Copper-PGE Project in Vietnam with down-dip extension results of up to 47 metres at 1% nickel from 65 metres.

Additional new drill intersections have been returned from the KCZ as well as from the deeper Ban Duoi Zone (BDZ) with the KCZ discovery remaining open down dip and along strike.*Shares higher*

Shares have been almost 12% higher to 33.5 cents intra-day, a new two-year high.

Blackstone Minerals managing director Scott Williamson said: "Drilling at our KCZ continues to deliver high-grade, shallow, disseminated nickel sulphide mineralisation.

"The broad intersections are proving up down-dip extensions to what looks like a very economic starter pit scenario at King Cobra."