Yes. Blacklist and Unlocking are two different things.
Blacklist is an IMEI being reported as lost/stolen/unpaid bill/contract unfulfilled/etc, resulting in no signal to your phone.
Unlock/lock just means whether the phone will allow you to access the sim card. So for Android/most other phones, it will ask for a code before you can use the sim, or for iPhone, it will take you away from the home screen and say sim not valid.
Even if you unlock a phone, and say you can put in other sim cards into the phone, if it's blacklisted, since it's the signal being blocked, you can put any sim card you want and it will still never get signal. Except mobilicity of course, which doesn't participate in that.
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