🕐23.09.09 - 18:20 Uhr
Blackstone Commences Airborne Geophysical Survey at Uma Cu-Zn-Pb-Au Project in Sweden
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Blackstone Commences Airborne Geophysical Survey at Uma
Cu-Zn-Pb-Au Project in Sweden
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Blackstone Ventures Inc.
(BLV-TSX) 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 1950s.
Bolidens work focused only in the immediate area of three
massive sulphide surface occurrences.
Areas along strike and at depth
remain completely unexplored.
Blackstones 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.
Blackstones 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 or call investor relations at 604-687-3929.
On behalf of Blackstone Ventures Inc.
"Dean MacEachern"
Dean MacEachern, President
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.
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.
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Copyright (c) 2009 BLACKSTONE VENTURES INC.
(TSX-V:BLV) All rights
reserved.
For more information visit our website at http://www.blv.ca/
or send mailto:
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