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BLV +14% from this anncmt...up from the recent pounding nickel boys have been taking.....
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Blackstone Discovers High Grade Copper Zinc Mineralization in Sweden
09:00 EDT Wednesday, August 08, 2007


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2007) - Blackstone Ventures Inc. (TSX VENTURE:BLV) has discovered significant Cu-Zn-Pb mineralization with grab samples from mineralized outcrops returning values as high as 6.54% Cu and 22.1% Zn. The discovery was made during a recent prospecting program in northern Sweden, on a new 50 kilometre long and 15 kilometre wide property which was recently acquired by staking and covers part of a large Volcanogenic Massive Sulphide (VMS) belt. The VMS belt hosts several past-producers of copper and zinc in both Sweden and Norway.


Highlights of Blackstone's initial sampling include:

BLV Sample # Cu Zn Pb Au Ag
(%) (%) (%) (gpt) (gpt)
N05825 1.80 1.91 0.24 0.23 77.5
N05826 5.39 14.00 0.05 2.02 greater
than
100
N05827 6.54 9.05 0.21 0.86 greater
than
100
N05828 0.65 16.05 0.44 1.11 98.7
N05829 0.50 12.80 0.22 1.14 56.1
N05830 0.16 22.10 0.16 1.81 68.8


A complete table of results and a location map is provided in an appendix to this press release.

Dean MacEachern, Chief Operating Officer for the Company, remarked, "This new discovery is an extremely exciting development for the company. Our initial visual estimates of the surface outcroppings have now been confirmed by the assay values which highlight remarkably high grade. We are very encouraged with the initial results from our first pass of prospecting. We have applied for additional property to secure areas we believe have similar geology to the discovery area.

I want to congratulate our entire team working in Scandinavia on what we believe is a significant discovery. Although the team remains focused on pursuing our vast nickel sulphide opportunities in Norway and Sweden, it was the in house knowledge and expertise we've built in the company over the past two years which led to the recognition of this important mineralized terrain and the opportunity it presents for the company."

According to Jari Paakki, Vice President of Project Development, "the favourable geology and obviously the mineralization indicate we have discovered a significant VMS belt which we now hold the dominant land position acquired through staking. The outcropping polymetallic mineralization includes semi-massive coarse-grained pyrite, sphalerite, chalcopyrite and galena hosted by altered felsic volcanic rocks which we could trace on surface for at least 500 metres in strike length. Other parts of the property host high grade Cu-Zn-Pb glacially deposited boulder clusters with values as high as 5.84% Cu, 20.29% Zn, 17.52% Pb and 96gpt Ag indicting the likelihood of further discoveries.

A team is being mobilized to the project area and prospecting is planned to begin immediately on at least four of these recently identified high-grade massive sulphide boulder areas, which are also believed to be proximal to bedrock sources. Priority targets will then have airborne geophysical surveys completed this fall to further define targets in advance of drilling. The VMS belt hosts past producing Cu-Zn operations located along strike at either end of the property however based on our search of records at the Swedish Geological Survey (SGU), this property has not been drill-tested and there are no records of airborne electromagnetic surveys having been completed."

The exploration program is carried out under the direction of Jari Paakki, P. Geo., Vice President of Project Development 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 http://blv.ca.

On behalf of Blackstone Ventures Inc.

Donald A. McInnes, President

To view the maps accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/BLV0808.pdf

The Uma property lies between the Stekenjokk and Sulitjelma deposits, both with historic resources in excess of 20 million tonnes. Samples presented in the table below represent boulders or in situ outcropping mineralization collected by BLV from the property or SGU archived samples which were re-analyzed by BLV as indicated.


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BLV Cu Zn Pb Au Ag
Sample # Source of Sample (%) (%) (%) (gpt) (gpt)
--------------------------------------------------------------------------
28301 Boulder - SGU Archived 0.32 22.07 18.18 0.19 101
--------------------------------------------------------------------------
28302 Boulder - SGU Archived 5.29 10.68 9.05 0.98 106
--------------------------------------------------------------------------
28303 Boulder - SGU Archived 5.84 20.29 17.52 1.04 96
--------------------------------------------------------------------------
28305 Boulder - SGU Archived 4.90 16.05 12.99 0.28 81
--------------------------------------------------------------------------
N05820 Boulder - BLV prospecting 0.69 11.95 11.45 0.15 greater
than
100
--------------------------------------------------------------------------
N05821 Boulder - BLV prospecting 0.32 7.14 8.69 0.06 greater
than
100
--------------------------------------------------------------------------
N05823 Boulder - BLV prospecting 1.84 10.00 8.08 0.26 greater
than
100
--------------------------------------------------------------------------
N05825 Outcrop - BLV prospecting 1.80 1.91 0.24 0.23 77.5
--------------------------------------------------------------------------
N05826 Outcrop - BLV prospecting 5.39 14.00 0.05 2.02 greater
than
100
--------------------------------------------------------------------------
N05827 Outcrop - BLV prospecting 6.54 9.05 0.21 0.86 greater
than
100
--------------------------------------------------------------------------
N05828 Outcrop - BLV prospecting 0.65 16.05 0.44 1.11 98.7
--------------------------------------------------------------------------
N05829 Outcrop - BLV prospecting 0.50 12.80 0.22 1.14 56.1
--------------------------------------------------------------------------
N05830 Outcrop - BLV prospecting 0.16 22.10 0.16 1.81 68.8
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N05831 Boulder - BLV prospecting 1.55 0.36 - 0.06 7.2
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N05832 Boulder - BLV prospecting 4.61 0.27 - 0.15 18.9
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