Blackstone Ventures Inc.

Blackstone Ventures Inc.

May 03, 2007 08:00 ET

Blackstone Reports Nickel Intersections at the Langdalen Target

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Blackstone Ventures (TSX VENTURE:BLV) is pleased to provide an update of its ongoing Norwegian drill program. Two drills are currently operating in Norway and two drills are operating in Sweden. An additional two drills have been contracted for start up in May.

The first phase of drilling has been completed at the Langdalen target in Norway with encouraging nickel and precious metals results. The nine holes drilled and reported here were completed in the vicinity of the historical Langdalen Mine site (historical production of 250,000 tonnes @ 2.5 - 3.5% Ni). Hole LN07-05 intersected 1.39% Ni, 1.85% Cu and 0.07% Co over 2.30 metres including 1.94% Ni, 2.43% Cu and 0.09% Co over 1.60 metres starting at a drill depth of 76.5 metres. Hole LN07-09 intersected significant gold and silver mineralization within the footwall rocks to the main sulphide mineralization horizon. The results include 150.17 gpt Au, 133 gpt Ag, 0.37 gpt Pt and 0.53 gpt Pd over 0.5 metres at a drill depth of 138.8 metres. Follow up core sampling is underway to establish the significance of these precious metal intersections.

Highlights from the recent drilling at the Langdalen target include:

% % % Pt Pd Au Ag
Hole No From To L(m) Ni Cu Co g/t g/t g/t g/t
LN07-04 4.55 5.85 1.30 1.97 0.58 0.07 0.02 0.03 0.04 2.50
LN07-04 91.00 94.00 3.00 0.40 0.59 0.03 0.00 0.03 0.14 6.18
includes 92.85 93.30 0.45 1.75 0.58 0.08 0.01 0.08 0.15 6.00
LN07-05 76.50 78.80 2.30 1.39 1.85 0.07 0.02 0.10 0.23 23.04
includes 77.20 78.80 1.60 1.94 2.43 0.09 0.03 0.14 0.08 29.63
LN07-06 172.28 172.40 0.12 1.35 1.19 0.23 0.04 0.02 0.07 11.00
LN07-08 149.25 150.25 1.00 0.96 0.66 0.04 0.03 0.05 0.21 7.13
LN07-09 138.80 142.65 3.85 0.34 0.07 0.02 0.05 0.09 20.84 19.77
includes 138.80 142.65 3.85 0.34 0.07 0.02 0.05 0.09 20.84 19.77
includes 141.35 141.65 0.30 2.49 0.13 0.10 0.01 0.16 0.95 2.50
LN07-09 170.95 171.25 0.30 1.06 0.05 0.04 0.03 0.07 0.01 2.50

Donald McInnes, President of Blackstone stated, "These initial results from the Langdalen target are encouraging and demonstrate the significant potential to find nickel mineralization in proximity to the historical mine sites. We feel that these intersections are indicative of a larger source for nickel in the vicinity. Of particular interest is the precious metal content of some of the drill intersections. Hole LN07-09 returned some spectacular gold assays which our geologists are reviewing in order to determine the significance of this type of mineralization. Our strategy of exploring the historical nickel occurrences using modern methods continues to yield very positive results. The drill has now moved on to the Nystein trend target where more interesting results are anticipated."

Current plans for the Langdalen target will include borehole EM geophysical surveys and mapping of the host intrusion to be followed by drilling later in the season. Exploration of this target area will be expanded to include the nearby Tyskland and Skaug historical workings.

The Langdalen drill was moved to the Seljasen target and a ten hole drill program completed in the vicinity of historical workings associated with airborne EM conductors. This drill has now moved onto the Nystein nickel target area where a series of drill holes will be completed under several historical pits, shafts and trenches which were mined during the late 1800's and early 1900's. This trend is defined over a minimum 5 kilometre strike by historic workings from which grab samples containing up to 5.05% Ni have recently been obtained.

A second Norwegian drill rig is currently operating at the Espedalen Project. This drill is tasked with expanding the Stormyra Zone discovered in 2004 where intersections up to 19.63 metres of 1.86% Ni and 0.70% Cu including 2.16 metres of 7.76% Ni and 2.29% Cu were obtained (Press Release 31 March 2005).

Drill core is logged and mineralized intervals are split on site in Norway, with split samples being shipped to OMAC Laboratories in Ireland. A system of using check assays, duplicates and standards has been implemented for quality control purposes. The exploration program is carried out under the direction of Paul Nagerl, P. Geo., Vice President of Exploration for Blackstone and a qualified person as defined by National Instrument 43-101. The information in this release was prepared under the direction of Dean MacEachern, P. Geo., Chief Operating Officer for Blackstone, a qualified person as defined by National Instrument 43-101.

For further information on each project area visit the Blackstone website at where a series of maps, photographs and images have been posted under Espedalen and South Norway Projects.

On behalf of Blackstone Ventures Inc.

Donald A. McInnes, President

To view the maps, photographs and images accompanying this press release, please click on the following link:

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

Contact Information

  • Blackstone Ventures Inc.
    Troy Winsor
    Blackstone Ventures Inc.
    Robert Carriere
    (604) 687-3929