Blackstone Commences Drilling at Jervas Copper-Zinc-Gold Project in ...

Tag : zinc

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) -Blackstone Ventures Inc. (TSX VENTURE:BLV) reports that a drillcrew has been mobilized and drilling is underway at the Jervasvolcanogenic massive sulphide (VMS) project in northern Sweden. Theplanned initial program will consist of up to 15 drill holesdesigned to test five new electromagnetic (EM) conductors outlinedin an airborne survey completed in the fall of 2007 (PR January 7,2008). These conductors occur proximal to a 3 kilometre strikelength felsic volcanic package where recent mapping has outlinedextensive alteration and sulphide mineralization with outcropsamples assaying up to 3.6% copper and 4.5 g/t gold.
Jervas Project
The Jervas project covers the northern extension of the high-gradecopper-zinc-lead Uma belt and is situated immediately southeast ofthe past-producing Sulitjelma copper-gold mine in northern Norway.The property hosts a historic base metal resource(1) of 10 milliontonnes grading 0.46% copper with minor zinc, lead, silver, and goldbased on diamond drilling of disseminated and stringer sulphidemineralization during the 1950's and 1960's. This mineralization isthought to represent a previously unrecognized alteration zonerelated to possible undiscovered VMS deposits.
CEO for Blackstone, Dean MacEachern, comments, "The Jervas drillprogram is our first one testing our copper-zinc and copper-goldproject holdings in Scandinavia. There are several prominent EMconductors we have identified. We believe these may representmassive sulphides both at Jervas and on other projects which remainuntested. Additionally at Jervas, our recent prospecting showssignificant gold enrichment associated with sulphides, whichcertainly is value-added to any VMS target. We look forward to theresults of this first phase drill program."
About Blackstone
Blackstone is a mineral exploration company focused on base metalsin Scandinavia. In addition to the Jervas project, the Company hascurrent exploration programs underway at its Uma copper-zinc-leadand Norbotten copper-gold projects in Sweden. Blackstone is alsofinalizing databases for six preliminary NI 43-101 nickel resourceestimates in Sweden and Norway before year end.
Exploration programs are being carried out under the direction ofJari Paakki, P. Geo., Vice President of Exploration and ProjectDevelopment for Blackstone and a qualified person as defined by NI43-101. The information in this release was prepared under thedirection of Dean MacEachern, P.Geo., President and Chief ExecutiveOfficer for Blackstone, a qualified person as defined by NationalInstrument 43-101.
On behalf of Blackstone Ventures Inc.
Dean MacEachern, President
Caution Regarding Forward-Looking Statements - This news releasecontains certain forward-looking statements, including statementsregarding the business and anticipated financial performance of theCompany. These statements are subject to a number of risks anduncertainties. Actual results may differ materially from resultscontemplated by the forward-looking statements. When relying onforward-looking statements to make decisions, investors and othersshould carefully consider the foregoing factors and otheruncertainties and should not place undue reliance on suchforward-looking statements. The Company does not undertake toupdate any forward looking statements, oral or written, made byitself or on its behalf.
(1) This historical resource has been obtained from the SwedishGeological Survey and is non-compliant with NI 43-101. Blackstoneis not treating the historical estimate as a current mineralresource or reserve. Blackstone reasonably believes that thisestimate is relevant, but Blackstone has not undertaken anindependent investigation of the resource estimate nor has itindependently analyzed the results of the previous exploration workin order to verify the resource, and therefore the historicalestimate should not be relied upon.
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