Black Pearl Minerals Consolidated Inc.
TSX VENTURE : BLK

Black Pearl Minerals Consolidated Inc.

June 02, 2005 16:00 ET

Black Pearl Initiates Scoping Study and Summer Exploration Program at Wekusko Lake High Grade Gold Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 2, 2005) - Black Pearl Minerals Consolidated Inc. (TSX VENTURE:BLK) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Based on the numerous high grade gold intercepts generated during its recent drill program at its Wekusko Lake property near Snow Lake, Manitoba, the Company has begun additional work including a Scoping Study to determine the economic viability of gold production at the site and a work program to expand existing resource and generate new drill targets.

The Company has requested tender bids for contract mining, environmental permitting and is sourcing and costing appropriate mineral processing equipment. Initial metallurgical testing on drill core has been completed. A resource estimate for the Gold Dust, McCafferty and Ferro Zones is being prepared which will comply with NI 43-101. Additional inputs for the Study will be generated by summer field work which will include geological mapping, geochemical surveys and a follow-up drill program.

Previous work in the Wekusko Lake gold camp, including the recent Black Pearl drill campaign of 3065 meters (71 holes), has established the presence of high angle structures carrying intermittent gold-bearing "shoots" with established continuity from surface to up to 400 metres in depth which have been successfully exploited. The "camp grade" of these shoots has been established as approximately 17 grams per tonne (0.49 oz/ton).

ON BEHALF OF THE BOARD

BLACK PEARL MINERALS CONSOLIDATED INC.

Robert Sibthorpe B.Sc.(Geol), MBA, President

Shares Outstanding: 16,389,934

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Black Pearl Minerals Consolidated Inc.
    Andrew Cook
    C.O.O.
    (604) 602-4935
    or
    Black Pearl Minerals Consolidated Inc.
    Jim MacDonald
    Corporate Communication
    (604) 602-4935