Blackstone Commences Airborne Geophysical Survey at Uma Cu-Zn-Pb-Au Project in Sweden
September 23 2009 - 8:00AM
Marketwired
Blackstone Ventures Inc. (TSX VENTURE: BLV) announces that it has
mobilized an airborne geophysical crew to the Uma Project to
complete an electromagnetic (EM) survey at its Uma Volcanogenic
Massive Sulphide (VMS) Cu-Zn-Pb-Au project in northern Sweden. The
750 line-kilometre survey covers a 20 x 5 kilometre area in the
southern part of the 235,000 hectare Uma project. This part of the
project "Uma South" covers at least 15 kilometres of favourable VMS
stratigraphy hosting high-grade mineralization including 10.1% Cu,
21.7% Zn, 8.2% Pb and 12 gpt Au over 0.82 metres intersected from
shallow drilling by Boliden in the 1950's. Boliden's work focused
only in the immediate area of three massive sulphide surface
occurrences. Areas along strike and at depth remain completely
unexplored.
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, 87gpt Ag and 0.54 gpt Au with new, untested EM
conductors in the northern part of the project. Drilling is planned
for this fall.
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. In addition to the Uma
project, the Company has recently completed drilling program at its
Norbotten Cu-Au discovery in northeastern Sweden and is awaiting
assay results. 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