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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 9/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-9-2018: Bluestone Resources Inc. announces a Resource Estimation report for its Cerro Blanco deposit at the Cerro Blanco project. Updated mineral resource estimate for project. Vancouver, British Columbia--(Newsfile Corp. - September 10, 2018) - Bluest | |
| Resources: | (Resource, M+I): 3.72Mt @ 10.1g/t Au, 37.9g/t Ag at project - high-grade estimate | |
| CP/QP: | [Resources]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 10, 2018) - Bluestone Resources Inc. (TSXV: BSR) (OTCQB:BBSRF) ("Bluestone" or the "Company") is pleased to announce a new high-grade mineral resource estimate (the "High-Grade Resource Estimate") for the Cerro Blanco Gold project in Guatemala. The Cerro Blanco Gold project is permitted for a high-grade underground mine and is currently undergoing a Feasibility Study which is focused on the development of an underground operation that incorporates the High-Grade Resource Estimate. In addition to the High-Grade Resource Estimate, a bulk tonnage resource estimate (the "Bulk Tonnage Resource Estimate") was undertaken that includes the low-grade disseminated mineralization in the overlying silicified cap and the high-grade veins and their low-grade mineralized envelopes. The Bulk Tonnage Resource Estimate demonstrates a future opportunity should a mining method from surface ever be considered. Darren Klinck, President & CEO commented, "We are very pleased with the updated resource estimate and the exploration efforts to date. These significant improvements over the 2017 estimate are a result of an improved 3D geological understanding of the deposit owing to all of the structural geological work, mapping, sampling, and infill drilling we have completed. As a result, our confidence level in the resource has grown substantially, reflecting in the provision of resources as Measured. We also see the increase of approximately 308,000 ounces of gold in the Inferred category as a good opportunity to convert to Indicated ounces with further drilling and to follow up on newly identified exploration opportunities to step-out on known veins along strike and at depth." | |
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