Blackstone Completes First Phase Drilling at Uma Cu-Zn-Au Project in Northern Sweden
April 19 2010 - 7:00AM
Marketwired
Blackstone Ventures Inc. (TSX VENTURE: BLV) reports that it has
completed twelve short diamond drill holes totaling 1,650 metres at
its Uma Cu-Zn-Au volcanogenic massive sulphide (VMS) project in
northern Sweden. Drilling focused on two target areas within the
2,350 square kilometre property. At Uma North, drilling tested
electromagnetic (EM) geophysical anomalies adjacent to a boulder
field of high-grade massive sulphides assaying as high as 6.64% Cu,
20.9% Zn, 16.75% Pb, 87gpt Ag and 0.54gpt Au ("Suitcase boulders").
At Uma South, drilling targeted EM anomalies proximal to high-grade
surface showings with 1950's drill intercepts by Boliden up to10.1%
Cu, 21.7% Zn, 8.2% Pb and 12gpt Au over 0.82 metres.
Results of four drill holes at Uma North indicate the source of
the high-grade Suitcase boulder field remains undiscovered. The
tested EM anomalies immediately up-ice of the Suitcase boulders are
attributed to Fe sulphide (pyrrhotite) mineralization. Further
airborne and detailed ground geophysics is planned at Uma North to
source the high-grade boulders. At Uma South, four of eight drill
holes testing EM anomalies encountered weak base metal
mineralization within narrow massive sulphides and as
disseminations. Extensive Mg and Fe alteration assemblages
(chloritoid, chlorite and Fe-carbonate) typical of proximal VMS
alteration were cut in footwall rocks at the western of the three
showings. At least ten priority EM anomalies remain untested at Uma
South. All assays are pending. A second phase drill program is
planned for this summer at the Uma project.
Exploration programs are being carried out under the direction
of Jari Paakki, P. Geo., Vice President of Exploration and Project
Development for Blackstone and a qualified person as defined by
National Instrument (NI) 43-101. The information in this release
was prepared under the direction of Dean MacEachern, P.Geo.,
President and Chief Executive Officer for Blackstone, a qualified
person as defined by NI 43-101.
About Blackstone
Blackstone is a mineral exploration company currently focused on
base and precious metals in Scandinavia. The Company is actively
pursuing exploration programs at Uma as well as its Norbotten Iron
Oxide-Copper-Gold (IOCG) project in northeastern Sweden.
Blackstone's primary assets are extensive nickel-copper holdings in
Sweden and Norway including six deposits with current NI
43-101-compliant resources.
For further information on Blackstone please visit the
Blackstone website at www.blv.ca.
On behalf of Blackstone Ventures Inc.
Dean MacEachern, President
Caution Regarding Forward-Looking Statements - This news release
contains certain forward-looking statements, including statements
regarding the business and anticipated financial performance of the
Company. These statements are subject to a number of risks and
uncertainties. Actual results may differ materially from results
contemplated by the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to
update any forward looking statements, oral or written, made by
itself or on its behalf.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Blackstone Ventures Inc. Investor Relations
604-687-3929 www.blv.ca
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