Blackstone Resources AG is pleased to announce that it has started its technical analysis with a geophysics study that it carried out in Chile. This study is being conducted on a number of Blackstone's mining concessions in exploration for possible lithium resources.
Earlier this year, the company's subsidiary Blackstone Resources Chile SpA signed and entered an agreement with a national partner to explore these concessions. These concessions contain approx. 3,000 HECTARES and lie in SALAR PAJONALES in the region of Tarapaca, Chile and near other widely known lithium resources.
Within the next few months, each development stage of this project will be defined. Blackstone is also looking into other investment possibilities in Chile in order to develop other concessions with local partners in the very near future.