BLK.V looks good.
Black Pearl Announces Property Update
2/20/2007
VANCOUVER, BRITISH COLUMBIA, Feb 20, 2007 (CCNMatthews via COMTEX News Network) --
Black Pearl Minerals Consolidated Inc. (TSX VENTURE:BLK) announces upcoming activity on its four exploration and development projects.
Four Metals Polymetallic Project: Frontier Drilling LLC. is in the process of mobilizing its equipment to this property near Nogales, Arizona and is scheduled to commence a minimum of 5000 feet of core drilling at the beginning of March 2007. This drill program will focus on expanding the existing high grade core of the deposit. Surface and underground drilling by previous operators has returned numerous significant intercepts of copper, molybdenum, silver and gold. The target is the further development of a breccia-type pipe deposit similar to those in the nearby Cananea production district.
---------------------------------------------------Drill From To IntervalHole Feet Feet Feet (i) % Cu % Mo---------------------------------------------------UG-1 40 170 130 0.83 0.035---------------------------------------------------UG-2 0 60 60 0.93 0.048---------------------------------------------------UG-4 0 181 181 1.84 0.122---------------------------------------------------UG-5 100 170 70 1.45 0.031---------------------------------------------------UG-6 80 170 90 1.54 0.027---------------------------------------------------UG-7 20 150 130 1.77 0.032---------------------------------------------------UG-8 30 110 80 1.26 0.060---------------------------------------------------UG-9 0 60 60 1.04 0.036---------------------------------------------------UG-26 20 150 130 0.09 0.084---------------------------------------------------UG-28 70 150 80 0.32 0.049---------------------------------------------------UG-34 560 620 60 1.32 0.186---------------------------------------------------UG-36 270 350 80 0.95 0.048---------------------------------------------------UG-37 220 240 20 1.04 0.058---------------------------------------------------81-01 760 920 160 0.51 0.035---------------------------------------------------(i) True widths are estimated to be approximately 80% of reported widths
Ferro/Wekusko Gold Property: The Director of Mines Manitoba has given approval for the removal and on-site processing of 9110 tonnes as a bulk sample from the Gold Dust Zone on the Company's property located 20 km east of Snow Lake, Manitoba. Most of this tonnage will be extracted from an area drilled on close spacing by the Company during the winters of 2005 and 2006. Mobilization of equipment has begun. Sourcing of the additional required equipment and personnel, including a fifteen man camp, mill facility, blasting and haulage contractors is in progress for a planned start up this spring. The Company will use the bulk sample test results to provide critical metallurgical and grade continuity information for future development plans on the property.
--------------------------------------------Drill From To WidthHole (m) (m) (m) (i) Au gpt--------------------------------------------BP 05-07 40.85 41.8 0.95 18.5--------------------------------------------BP 05-09 24.15 25.45 1.3 13.74--------------------------------------------BP 05-10 28.4 34.4 6.0 34.76--------------------------------------------BP 05-11 5.15 6.1 0.95 55.36--------------------------------------------and 27.5 30.3 2.8 4.99--------------------------------------------BP 05-12 38.7 40.2 1.5 33.75--------------------------------------------BP 05-13 5.75 10.25 4.5 17.4--------------------------------------------and 30.35 33.1 2.75 156.28--------------------------------------------BP 05-14 8.2 11.6 3.4 20.01--------------------------------------------and 40.3 41.9 1.6 6.26--------------------------------------------BP 05-21 3.3 8.2 4.9 13.71--------------------------------------------BP 05-22 7.1 8 0.9 3.5--------------------------------------------BP 05-23 7.4 8.4 1.0 6.87--------------------------------------------BP 05-62 12 13.35 1.35 4.678--------------------------------------------BP 05-63 15.9 19.4 3.5 6.073--------------------------------------------and 22.5 23.35 0.85 16.03--------------------------------------------BP 05-65 7 10.1 3.1 4.828--------------------------------------------BP 05-66 7.9 8.95 1.05 8.052--------------------------------------------BP 05-67 8.45 11.15 2.7 4.976--------------------------------------------and 27.3 27.9 0.6 9.94--------------------------------------------PDF 12 35.9 37.9 2.0 17.2--------------------------------------------and 43.3 45 1.7 12.7--------------------------------------------PMEX 23 46.54 51.05 4.51 25.6--------------------------------------------PMEX 28 3.41 6.89 3.48 12.8--------------------------------------------and 21.15 25.9 4.75 7.1--------------------------------------------PMEX 31 22.95 25.08 2.13 26.5--------------------------------------------BP 06-33 12.4 17 4.6 22.65--------------------------------------------and 21.4 21.7 0.3 40.02--------------------------------------------
Leo/Gem Claims: Drilling is in progress on this optioned property located 17 km southwest of Lynn Lake, Manitoba. Several short drill holes will test for a gold zone indicated by surface samples and an anomalous induced polarization trend. Property details were reported in the Company's press release of October 17, 2005.
Timmins Offsets Gold Property: This 100% owned property is located in Tully Township some 40 km north-northeast of Timmins, Ontario and is in a geological environment similar to the Hoyle Township, Bell Creek to Hoyle Pond mining operation of Kinross in the Timmins gold camp. The Company is in the process of engaging an independent mining engineer to provide order of magnitude capital costs for underground access to the Timmins Offsets gold zone. The objective of an underground program would be to access the upper portions of the gold zone to confirm the geological and structural setting of the gold mineralization and to confirm continuity of gold mineralization that has been outlined by surface drilling. Drilling by the Company and previous operators has totaled 18,777 metres in 74 holes which returned 29 gold intercepts greater than 10 grams per tonnes over significant widths, including the following high-grade intercepts;
-------------------------------------------------------------Drill From To Interval TRUE Grade GradeHole (m) (m) (m) (Est) gpt oz/ton-------------------------------------------------------------97-01 216.7 220.0 3.7 2.5 440.53 12.775-------------------------------------------------------------A-05 197.9 201.0 3.1 1.8 82.40 2.390-------------------------------------------------------------97-56 255.9 258.7 2.8 2.1 65.95 1.913-------------------------------------------------------------69-21 134.7 142.0 7.3 2.6 62.45 1.811-------------------------------------------------------------97-10 166.8 170.0 3.1 2.1 60.92 1.767-------------------------------------------------------------97-14 239.2 243.6 4.4 2.9 52.93 1.535-------------------------------------------------------------69-04 155.1 157.9 2.8 2.1 47.39 1.374-------------------------------------------------------------88-40 205.3 208.1 2.7 1.4 55.66 1.102-------------------------------------------------------------69-06A 186.8 191.3 4.4 3.3 29.44 0.854-------------------------------------------------------------97-04 181.9 185.1 3.3 2.5 24.71 0.717-------------------------------------------------------------97-28 231.1 234.1 3.0 2.2 23.15 0.671-------------------------------------------------------------97-02 89.4 92.8 3.5 2.9 20.16 0.585-------------------------------------------------------------97-16 165.7 169.0 3.4 1.9 20.08 0.582-------------------------------------------------------------
There has been no NI 43-101 compliant resource estimate done for this property.
Additional information regarding Black Pearl Minerals Consolidated Inc. can be found at: www.blackpearlminerals.com.
The technical information in this release has been reviewed by Mitchell Lavery, P.Geo, a qualified person under National Instrument 43-101.
On behalf of the Board of Directors,
Robert Sibthorpe, President
Shares Outstanding: 30,640,878
SOURCE: Black Pearl Minerals Consolidated Inc.
Black Pearl Minerals Consolidated Inc. Andrew Cook COO (604) 602-4935 Black Pearl Minerals Consolidated Inc. Jim MacDonald Corporate Communications (604) 602-4935 Website: www.blackpearlminerals.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
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