Nickel Sulfides Confirmed at Gold Bridge and Twilight Projects, Canada

Highlights from the recent drill program at the Gold Bridge Project include:

Jewel Prospect, Gold Bridge Project:

• Maiden drill hole JWD21-01 intersects 0.9m at 1.45 % Cu, 0.56% Ni and 0.19% Co from 376.7m, including 0.27m at 3.86 % Cu, 1.63 % Ni, 0.62% Co,1.49 g/t Au and 45 g/t Ag from 376.98m, and multiple gold intersections up to 0.3 m at 5.7 g/t Au

• 1700 Siemen off-hole conductor has been modelled from downhole EM survey

Western Gem Prospect, Gold Bridge Project:

• Maiden drill hole WGD21-01 intersects 81m ultramafic-hosted disseminated sulfides assaying 0.21 % Ni from 65.36 m

• Assaying and petrography confirms widespread presence of Ni sulfides

Twilight Project, Labrador:

• Historic drilling encountered up to 16 m @ 0.16% Ni and 0.15% Cu from 151.7 m in E1W5 including 0.55 m @ 0.34% Ni, 0.36% Cu and 374 ppm Co from 159.15 m associated with gabbro-hosted disseminated sulfides

• Prospecting and inspection of historic drill core by Blackstone geologists confirms presence of disseminated to semi-massive gabbro-hosted Ni and Cu sulfides

Scott Williamson, Blackstone’s Managing Director, said:

“The maiden three-hole drill program testing Induced Polarisation targets at the Jewel and Western Gem prospects successfully encountered disseminated and massive sulfides, and test-work has confirmed the presence of significant nickel sulfides in addition to the cobalt, gold, silver and copper sulfides. The recognition of broad disseminated nickel sulfide zones adds an exciting new exploration dimension to the Gold Bridge district that Blackstone will be following up starting with high powered ground EM to test for massive sulfide zones.

Blackstone has also entered into an option agreement over a gabbro hosted nickel-copper sulfide project in Labrador, home to the world class Voisey’s Bay nickel-copper-cobalt sulfide deposit. Reconnaissance field inspection confirms nickel and copper sulfide fertility, with the Company now looking forward to testing this very underexplored area for massive sulfides with modern high powered ground EM “.

Gold Bridge Au and Co-Ni Project, British Columbia

The Gold Bridge (Gold – Cobalt – Copper – Nickel) Project comprises 365 km2 of contiguous 100% Blackstone owned mining claims located in the Cordilleran Terranes of British Columbia, Canada. The Project includes c. 48 strike km of the regional Cadwallader- Fergusson fault zone which hosts the Bralorne and Pioneer gold deposits. Blackstone’s Gold Bridge tenure also includes several high-grade hydrothermal Au, Co, Ni and Cu deposits and targets, most notably the historic Little Gem and Jewel mines.

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