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Gold/Mining/Energy : Blackstone Resources BLV-CDNX

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To: Buckey who wrote (296)	8/11/1998 8:08:00 PM
From: R.A.K.	Read Replies (1) of 373

BLACKSTONE RESOURCES AND GLENHAVEN RESOURCES - NEW ZEALAND GOVERNMENT GRANTS TITLE VANCOUVER, B.C.-- Blackstone Resources Inc. (BZZ-ASE) and Glenhaven Resources Inc (GNN-ASE) are pleased to announce that the New Zealand Government has granted Prospecting Permit #39-155. The permit gives permission for the exploration of the 320,000 hectare Pahia property, on the South Island of New Zealand. The Pahia Property surrounds the Longwood and Takitimu Mountain Ranges and completely surrounds Anzex Resources' Ltd. Longwood Platinum-Palladium Project. There are several areas, within the permit boundaries, that the companies believe are prospective for the discovery of platinum-palladium mineralization. Renewed interest in the area can be largely credited to Anzex who recognized a shift in New Zealand Government policy that would allow for drill testing of the Longwood Igneous Complex. Anzex began a program designed to drill test the area with an initial three hole program in May of this year and have yet to release any drilling results. The prospectivity of the Longwood Igneous Complex has been best described by a recent Anzex press release. "There is strong evidence that the PLS (Pahias Layered Series) is part of a major layered intrusion, comprising a high proportion of highly magnetic rocks at the base and layered, variably magnetic rocks above these. The occurrence of platinum metals in placer deposits down-slope from the PLS, the distribution of anomalous stream sediment analyses, and the occurrence of rocks with up to 3 g/t platinum and 3.3 g/t palladium favour the occurrence of one or more platinum metal enriched layers within the PLS where it forms the Longwood range. The rock types containing anomalous values are similar to those hosting mineralization in the J-M reef of the Stillwater complex." Blackstone Resources shareholders may contact Donald McInnes or Graham Johnson at 800-753-0885 or 604-687-3929. via fax at 604-582-3727 or by e-mail at bzz@keltic.com for further information. Blackstone Resources investor relations inquiries 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 888-303-3351 or 604-684-0464. 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. On behalf of the Boards of Directors: (signed) Donald McInnes. President The Alberta Stock Exchange has neither approved nor disapproved the information contained herein

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