GLENHAVEN RESOURCES INC./ BLACKSTONE RESOURCES INC. - PHASE ONE
DRILLING PROGRAM COMPLETED SURFACE SAMPLING CONFIRMS CON
VANCOUVER, BC--
Blackstone Resources Inc. (BZZ-ASE) is pleased to announce, on behalf of
joint venture partner Glenhaven Resources Inc (GNN-ASE), that the first
phase of exploration on the Taiga Project has been completed. Drilling was
completed in two areas, in the MM Grid Area which was designed to test the
lateral and down-dip continuation of the nickel-zinc mineralization
encountered in holes REN97-8 & -7 and on the MM Grid Extension to test for
a possible extension of this favourable horizon. Further initial
geological mapping, prospecting and geochemical sampling on the Taiga East
and the KK, LL, NN and Kit Properties was completed. For details of hole
locations and full program details see News Releases 09/98 and 08/98. No
drilling results have yet been received.
A total of nine holes were drilled in the MM Grid Area, two of these holes
were lost due to bad ground conditions and a third did not fully penetrate
the target horizon. In addition, four holes were drilled in the MM Grid
extension area, 2.4 km west of hole 97-8, to test nickel-in-soil
geochemical anomalies coincident with the Cliff and Ridge barite deposits.
One of these holes was lost due to bad ground conditions.
The MM Grid has been extended for 2.4 kilometres to the west to follow the
westward continuation of the nickel geochemical anomaly on the MM Grid.
The new grid covers two barite deposits, the Cliff and the Ridge.
Geological mapping at the Ridge Barite trenches has identified similar
stratigraphy to that encountered in drill holes REN97-07 & -08.
Soil geochemical results indicate that the favourable mineralized horizon
between the upper and lower rock units extends from the MM Grid into the MM
Grid extension. The main geochemical anomaly continues for 1.6 kilometres
to the west of the MM Grid area as defined by the 190 ppm nickel contour.
This was the threshold used to define the 2.5 kilometre by 300 metre
anomalous zone within which discovery drill holes REN97-08 & -07 were
collared. Nickel values up to 1750 ppm lie within the boundaries of the
nickel anomaly and correspond with the Cliff Barite showing. The peak value
of 1755 ppm nickel is associated with the same prospective mineralized
horizon that was encountered in drill holes REN97-08 & -07. This
prospective horizon extends west from the Cliff Barite Showing for 700
metres to the Ridge Barite Showing. In addition, two other anomalous zones
measuring 800 by 250 metres and 400 by 300 metres have been identified.
The exploration programs were carried out under the direction of Equity
Engineering Ltd. of Vancouver, B.C. All core samples have been sent to
Chemex Labs for analysis, gold by fire assay/atomic absorption analysis,
barium by x-ray fluorescence and 32 element ICP analysis. Complete
drilling results will be released for each of the MM Grid Area and the MM
Grid Extension when available.
Blackstone and Glenhaven have a prospecting permit pending for
approximately 3200 square kilometres on the South Island of New Zealand.
This application strategically surrounds Anzex Resources Ltd. Longwood
Range Property. Blackstone has just completed an exploration on the El
Diamante Property in Mexico with joint venture partner Insular Explorations
Ltd., with results pending. Blackstone has commenced a one month field
program on the Monster Property and with Geologix Explorations Ltd. will
conduct a drilling program on the Dromedary Property later this summer.
Blackstone Resources shareholders may contact Donald McInnes or Graham
Johnson at 800-753-0885 or 604-687-3929, via fax at 604-682-3727 or by
e-mail at bzz@keltic.com for further information. Blackstone Resources
investor relations inquires may also be directed to Kholberg Capital at
902-492-2701. Visit the Blackstone website at
bzz-blackstone.com.
Glenhaven Resources shareholders may contact Donald McInnes or Graham
Johnson at 800-303-3351 or 604-684-0454, via fax at 604-682-3727 or by
e-mail at gnn@keltic.com for further information. Glenhaven Resources
investors relations inquiries may also be directed to Mr. Larry Wolstat at
416-781-9268. Visit the Glenhaven website at gnn-glenhaven.com.
Glenhaven also has a prospecting permit pending with Blackstone on the
South Island of New Zealand.
On behalf of the Boards of Directors:
Donald McInnes,
President
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein. |
