Blackstone Ventures Inc.

Blackstone Ventures Inc.

September 23, 2009 08:00 ET

Blackstone Commences Airborne Geophysical Survey at Uma Cu-Zn-Pb-Au Project in Sweden

VANCOUVER, BRITISH COLUMBIA—(Marketwire – Sept. 23, 2009) - 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.

Contact Information

  • Blackstone Ventures Inc.
    Investor Relations