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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 3/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2019: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 2.4m @ 86.1g/t Au, 963g/t Ag from 42.7m. Vancouver, British Columbia--(Newsfile Corp. - Ma | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - March 21, 2019) - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") is pleased to announce additional high-grade intercepts from the infill resource drill program at its Cerro Blanco Gold Project. The primary focus of the program is to upgrade Inferred Resources identified during the previous drill program completed in 2018. In addition, this program is designed to define new resources along known veins in the mine plan that extend outside of the current resource envelope. The Cerro Blanco Feasibility Study (see press release January 29 th , 2019) highlighted some 360,000 ounces of Inferred Resources that could be potentially converted to Measured and Indicated Resources through infill drilling. Two LM-75 diamond drill rigs are currently situated within the North Zone of the Cerro Blanco underground workings and are targeting key veins in the upper part of the Cerro Blanco resource. David Cass, Bluestone's Vice President of Exploration, stated, "Results from our drilling continue to validate our belief in the exploration and growth potential of Cerro Blanco. Of special note is that the 201 g/t Au high-grade assay intercepted in drill hole UGCB19-119 is approximately 20 meters outside the current resource model and is a good example of the potential to define additional resources by drill definition of the extensions to known veins, in addition to the conversion of the Inferred Resources. Additionally, new parallel structures not yet classified as in the above table and therefore not included in the current resource model represent further potential." | |
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