An Australian exploration company is set to commence a comprehensive gold-cobalt drilling program at one of the world's highest grade Cobalt-Gold projects in Canada.
Speaking on day one of the inaugural Paydirt 2018 Battery Minerals Conference in Perth, Blackstone Minerals Managing Director, Scott Williamson, said the drilling - due to commence within a month - will follow up on the company's impressive initial drilling program at its Little Gem Cobalt-Gold project, located in the first-class mining jurisdiction of British Columbia, Canada.
Those initial results showed intersections of 3.0% cobalt & 44g/t gold, which confirmed the Little Gem historic results of 3.0% Cobalt & 20g/t Gold.
"This is an exciting time in the history of our company," Mr Williamson said.
"Our flagship Little Gem Cobalt-Gold project has the same geological setting as the world class Bou-Azzer district in Morocco, where primary cobalt has been mined for the past 75 years," he said.
"We have been very active in exploring our very high grade Little Gem Cobalt-Gold project.
"Blackstone is first company in over 60 years to undertake systematic exploration for Cobalt at Little Gem and within the surrounding district.
"We believe we have about 48km of strike potential in this world-class mining jurisdiction.
"We are hopeful that once this latest drilling program commences, we will know pretty soon if this little gem has the potential to be a mine."
Blackstone is also actively exploring for nickel and gold in the Eastern Goldfields and gold in the Pilbara region of Western Australia.