NEWS RELEASE
BLACK PEARL MINERALS CONSOLIDATED INC.
Suite 750-580 Hornby Street
Vancouver, B.C. V6C 2B6
TSX.V
May 28, 2007 Symbol: BLK
Vancouver, B.C. Shares Outstanding: 30,640,878
BLACK PEARL REPORTS ADDITIONAL HIGH GRADE COPPER AND MOLYBDENUM AT 4 METALS PROPERTY,
NOGALES, ARIZONA;
Black Pearl Minerals Consolidated Inc. (BLK) announces the following activity on its
exploration and development projects;
The assay results from the third hole of the six hole core drilling program at the
Four Metals polymetallic project near Nogales, Arizona have been received.
Drill hole FM 07-09 returned 0.83% copper and 0.019 % molybdenum over 22.5 meters
in the near surface chalcocite enrichment zone. The hole also encountered
high grade chalcopyrite mineralization grading 0.64% copper and 0.015% molybdenum
over 76.4 meters. The interval below the barren leach cap at 29 meters to the end
of the hole at 234 meters graded 0.46% copper and 0.019% molybdenum (205 meters)
with the hole in mineralization at termination.
Based on information from current and past drill campaigns the overall dimensions
of the Four Metals Breccia Pipe and the distribution of the copper-molybdenum-
gold-silver mineralization within the Pipe are becoming evident. The Pipe is
oval-shaped, 300 meters by 200 meters, with the long axis trending NE-SW, a
steep NW dip and a demonstrated vertical dimension of at least 500 meters. The pipe
has a central “core” of primary chalcopyrite mineralization averaging about 0.25%
copper and 0.02% molybdenum. Underneath a 20-30 meter “cap’ of barren leached rock
is a 25-40 meter thick flat-lying zone of copper enrichment (chalcocite blanket)
grading between 0.75%-1.25% copper. High grader copper and molybdenum is also
present along the sub-vertical dipping southern boundary (perimeter zone) of the
pipe with indicated dimensions of 400 meters in strike length, 50-100 meters in
width and a drill-indicated depth of over 200 meters. Copper grades in this zone
are in the 0.50%-0.75% range with shorter intervals exceeding 1% copper and
0.1% molybdenum. The copper grades vary widely within the entire Pipe but
molybdenum, gold and silver values are pervasive. (The 102 meter interval from
74 meters to 176 meters in Hole 07-09 averaged 0.027% molybdenum).
All of the drill holes in Phase 1 program are designed to test both the
“Chalcocite Blanket” and the “Perimeter Zone” targets. The drill hole 07-09
reported in this release has special significance as it extends both the
Chalcocite Blanket and Perimeter Zones further to the northeast of previously
known mineralization.
The Company considers the Four Metals property to be an important drill target
for the following reasons;
-the potential exists for important tonnages of relatively high grade copper
mineralization with significant molybdenum, gold and silver by-product credits
-all of the mineralization discovered to date is located above the historical
5090 Foot Adit at the base of Red Hill and could be extracted by bulk underground
methods or an open pit with a very low waste to ore ratio
-the development of Four Metals could be easily incorporated into the extensive
existing southern Arizona copper – molybdenum mining and processing infrastructure.
The fourth and fifth holes are completed and in the assay lab. The sixth and final
hole is in progress. Upon completion of this Phase 1 drill program a resource
estimate will be made.
Work is progressing at the Ferro Mine site near Snow Lake, Manitoba in establishing
a 16-man base camp and road access to support the bulk sampling and processing
scheduled for this summer. The Company will use the bulk sample test results to
provide critical metallurgical and grade continuity information for future
development plans on the property.
Additional information regarding the Company can be found at
www.blackpearlminerals.com.
Mitch Lavery (P.Geo), is the Company’s qualified person on the Four Metals project
as required under NI 43-101and has reviewed the technical information contained
in this press release.Black Pearl has in place a rigorous QA/QC program consistent
with National Instrument 43-101 and using best industry practice.
Skyline Labs of Tucson, Arizona is responsible for all the assaying.
On behalf of the Board of Directors,
Robert Sibthorpe, President
Company contacts:
Andrew Cook, COO
Jim MacDonald,
Corp. Communications
Phone: (604) 602-4935
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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