Blackstone Mobilizes Drill to Uma Cu-Zn-Au Project in Northern Sweden
20 January 2010 - 12:00AM
Marketwired
Blackstone Ventures Inc. (TSX VENTURE: BLV) announces that a
diamond drill rig has now been mobilized to its 100% owned Uma
Volcanogenic Massive Sulphide (VMS) project in northern Sweden and
will begin drilling immediately. This first phase drill program at
Uma South (southern portion of the 235,000 hectare property) will
consist of approximately 12 - 20 holes.
Drilling will begin in the Uma South area to test new
electromagnetic (EM) geophysical conductors recently outlined in a
750 line-kilometre airborne time domain EM survey as reported in a
press release dated October 20, 2009. A total of 12 discrete
anomalies, some with coincident surface sulphide showings, have
been initially identified from the dataset. Drilling will include
testing below very shallow 1950's drill holes completed by Boliden
which includes high-grade intersections up to 10.1% Cu, 21.7% Zn,
8.2% Pb and 12 gpt Au over 0.82 metres.
Blackstone's Uma project covers boulders and outcrops of
high-grade massive sulphide mineralization extending over a
distance of 70 kilometres. This includes Uma South, as well as
Cu-rich boulders in the central claims and recently uncovered
outcrops and boulders assaying as high as 6.64% Cu, 20.9% Zn,
16.75% Pb, 87 gpt Ag and 0.54 gpt Au with new, untested EM
conductors in the northern part of the project (Uma North). A first
phase helicopter-supported drill program at Uma North is planned
for this spring once day light hours and weather conditions
allow.
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 focused on base and
precious metals in Scandinavia. Blackstone's primary assets are
extensive nickel-copper holdings in Sweden and Norway including six
deposits with current NI 43-101-compliant resources.
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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