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Gold/Mining/Energy : Blackstone Resources BLV-CDNX -- Ignore unavailable to you. Want to Upgrade?

To: George Castilarin who wrote (212)	5/26/1998 5:32:00 PM
From: Gary S.	Read Replies (3) \| Respond to of 373

News Release.. hopefully we will get this puppy moving now :) Attention Business Editors: BLACKSTONE RESOURCES INC. AND GLENHAVEN RESOURCES INC. ANNOUNCE EXPLORATION PROGRAM BEGINS ON TAIGA PROPERTY ÿÿÿ VANCOUVER, May 26 /CNW/ - Blackstone Resources Inc. ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Alberta Exchange Trading Symbol: BZZ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Glenhaven Resources Inc. ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Alberta Exchange Trading Symbol: GNN ÿÿÿ Blackstone Resources Inc. (BZZ-ASE) on behalf of joint venture partner Glenhaven Resources Inc. (GNN-ASE) is pleased to announce that field crews have been mobilized to the Taiga Project, Yukon Territory. The first phase of the 1998 exploration program will consist of a minimum of 1000 metres of diamond drilling, grid based soil sampling and geological mapping on the Taiga Main Property (MM Grid area) as well as reconnaissance soil sampling and prospecting on newly staked claims referred to as the KK, LL, NN, Kit and Taiga East properties.ÿ Drilling in the discovery area of 1997 will commence in the first week of June. ÿÿÿ Diamond drilling will initially be focussed in the MM Grid area where 1997 discovery drill holes REN97-08 and 97-07 intersected previously unrecognized nickel-zinc mineralization.ÿ The 1997 reconnaissance drilling program revealed that nickel mineralization has a strong association with occurrences of bedded barite.ÿ The company will initially drill 4 holes to test for lateral continuity of the mineralization intersected in drill holes REN97-08 and 97-07 and then drill a fence of holes to test the southern down-dip extension of the mineralization.ÿ Further drilling will test a one kilometre-long nickel-zinc in soil anomaly and additional barite occurrences which lie immediately west of the MM Grid Area. ÿÿÿ Soil sampling by UMEX Corp. in the 1970's identified two zinc-in-soil geochemical anomalies on the LL property that were traced for 3.5 kilometres and 1.2 kilometres, respectively.ÿ UMEX did not test for nickel.ÿ Subsequent reconnaissance soil sampling during staking by Blackstone personnel in 1997 confirmed the UMEX soil samples were also anomalous for nickel and identified a further three areas of highly anomalous nickel values, coincident with the UMEX anomalies. ÿÿÿ As well, soil sampling on the KK, NN, Kit and Taiga East properties has identified at least two areas of anomalous zinc and nickel in soil samples on each property.ÿ Detailed mapping and soil sampling will be carried out in 1998 in these highly prospective areas. ÿÿÿ The timing of the drilling and exploration program is such that, should results warrant it, a second drilling program could be commenced in 1998. ÿÿÿ The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. ÿÿÿ On behalf of the Board of Directors: ÿÿÿ ------------------------------------ ÿÿÿ ''Donald McInnes'' ÿÿÿ Donald McInnes, ÿÿÿ President ÿÿÿ -0-ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 05/26/98 For further information: Donald McInnes or Graham Johnson (604) 684-0454 or fax (604) 682-3727 or e-mail: bzz@keltic.com or Investor relations inquiries: Kholberg Capital (902) 492-2701 -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: ÿÿÿÿÿÿÿÿÿÿÿ portfolio.newswire.ca Please address any questions about your portfolio to cnw@newswire.ca Canada's Business Report Segments of Canada's Business Report can now be heard on the CNW web site (www.newswire.ca) in streaming audio. Canada's Business Report is a new live radio program that delivers time-critical information on stock market activity,ÿ mutual funds and bonds, changes on the exchanges and independent business issues.ÿ The half-hour report airs daily Monday to Friday from 6:30 p.m. - 7 p.m.ÿ (EDT) on Talk 640 AM in Toronto.ÿ Hosted by well-known Canadian broadcaster Ron Adams, Canada's Business Report is a regular source of information for amateur and professional investors. --------------------------------------------------------------------------