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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 9/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-9-2018: Bluestone Resources Inc. announces a Resource Estimation report for its Cerro Blanco deposit at the Cerro Blanco project. Clarified previous update of mineral resource estimate for project. September 11, 2018 – VANCOUVER, BRITISH COLUMBIA – Blu | |
| Resources: | (Resource, M+I): 3.72Mt @ 10.1g/t Au, 37.9g/t Ag at project | |
| CP/QP: | [Resources]: Garth Kirkham (Kirkham Geosystems Ltd.) | |
| ABSTRACT: | September 11, 2018 – VANCOUVER, BRITISH COLUMBIA – Bluestone Resources Inc. (TSXV:BSR | OTCQB:BBSRF) ("Bluestone" or the "Company") at the request of IIROC, wishes to clarify certain disclosure in its September 10, 2018 news release titled “Bluestone Increases Mineral Resources at the Cerro Blanco Gold Project.” The news release included disclosure relating to the “High-Grade Resource Estimate” and the “Bulk Tonnage Resource Estimate”. It should be noted that the Bulk Tonnage Resource Estimate previously disclosed includes the high-grade veins, the low-grade envelopes surrounding the high-grade veins and the low grade disseminated mineralization hosted in the overlying Salinas rocks. Please refer to the sensitivity table below for a complete breakdown of the resource estimate. All numbers that were presented in the September 10, 2018 press release remain unchanged. The Feasibility Study currently underway will be focused on the development of an underground operation that incorporates the resource estimate at a base case cut-off of 3.5 g/t Au At a cut-off of 0.5 g/t Au, the estimate encompasses the high-grade veins, the low-grade envelopes surrounding the high-grade veins and the low grade disseminated mineralization hosted in the overlying Salinas rocks and demonstrates a future opportunity should a mining method from surface ever be considered. The table below highlights the resource estimate at various cut-off grades; at a cut-off greater than or equal to 2.5 g/t Au, a potential underground mining scenario was envisioned. Below a 2.5 g/t cut-off a mining scenario from surface was modelled. For further disclosure on methodologies please refer to the press release dated September 10, 2018 | |
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