December 14, 2010
Blackstone Ventures announced that Blackstone and Thomas Mining Developments have signed a Letter of Intent whereby Thomas Mining Developments can earn up to a 75% interest in Blackstone’s Norbotten iron-oxide-copper-gold (IOCG) project located in northern Sweden. Under the terms of the agreement the company can earn a 55% interest in the project by completing Can$5,000,000 in expenditures within four years of signing a definitive agreement.