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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 5/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-5-2018: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 14.27m @ 16.2g/t Au, 20.6g/t Ag from 167.14m. May 15, 2018 – VANCOUVER, BRITISH COLUMBIA – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | May 15, 2018 – VANCOUVER, BRITISH COLUMBIA – Bluestone Resources Inc. (TSXV:BSR| OTCQB:BBSRF) ("Bluestone" or the "Company") is pleased to announce additional positive drill results from the surface and underground resource definition drill program underway, at its Cerro Blanco Gold project in Guatemala. The work is being undertaken as part of the Feasibility Study planned for completion by the end of 2018. Drilling results continue to validate the historical high-grade vein intercepts drilled by previous operators and more recently by Bluestone (see Company Press Release dated April 17, 2018). Assay highlights in this release include 15.0 g/t Au and 32.5 g/t Ag over 10.0 meters including 32.0 g/t Au and 75.8 g/t Ag over 3.9 meters in hole UGCB18-82 that targeted multiple veins in the North Ramp area. Surface hole CB18-396 drilled numerous intercepts including 16.2 g/t Au and 20.6 g/t Ag over 14.1 meters from 167.1 meters, including 64.9 g/t Au and 76.9 g/t Ag over 2.0 meters representing deeper extensions of the sheeted vein swarms beneath the South Ramp. Darren Klinck, President & CEO commented, “As we transition from resource drilling into the engineering phase of the Feasibility Study, the drilling results continue to solidify our understanding and confidence in the new geological model at Cerro Blanco and definition of individual vein wireframes. Importantly, the drilling continues to highlight broad zones of high-grade mineralization comprising multiple vein sets considered amenable for underground bulk mining methods in the PEA.” Three drill rigs stationed within the underground development are undertaking in-fill drilling within key areas in the north, central and south zones of the Cerro Blanco deposit. One drill rig continues to operate on surface targeting deeper and peripheral extensions to mineralization. Gold and silver mineralization at Cerro Blanco is associated with epithermal quartz-adularia veins and vein swarms that sit immediately below a silicified cap that form a low-lying hill. Assay results from nine underground drill holes and two surface holes are presented in Table 1, totalling 1,829 meters. Drilling is designed primarily to provide additional information within key areas of the resource model and validate previous historical drilling. The underground results presented in this press release are additional fan holes drilled from Platforms 3, 4 and 10 which complement drill results announced previously. Drilling is ongoing with results from a further 13 underground and 7 surface holes pending. Over 10,000 meters of surface and underground drilling are anticipated to be completed which will be incorporated into the Feasibility Study expected to be finished by the end of the year. | |
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