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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 1/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2019: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 3.3m @ 14.05g/t Au, 45.93g/t Ag from 69.40m. Vancouver, British Columbia--(Newsfile Corp. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - January 24, 2019) - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") is pleased to announce additional drill results from resource conversion drilling underway at its high-grade Cerro Blanco Gold project. The current mineral resource estimate as disclosed per Company press release dated September 11, 2018 contains 3.7 million tonnes grading 10.1 g/t Au in Measured and Indicated Resource categories (1,200,000 oz Au), as well as, 1.4 million tonnes grading 8.1 g/t (360,000 oz) in the Inferred category. The focus of the ongoing infill drill program is to upgrade the Inferred resources into Measured and Indicated categories. Bluestone is nearing the completion of a Feasibility Study on the high-grade Cerro Blanco Gold project and expects to announce the results in the coming weeks. Darren Klinck, President and CEO commented, "We continue to be encouraged by the drilling progress to date. The grades and widths of the main veins in these drill results continue to be consistent with our expectations based on what the Measured and Indicated portions of these veins have already identified." Two LM-75 diamond drill rigs are currently situated within the North Zone of the Cerro Blanco underground workings and are targeting specific veins in the upper part of the Cerro Blanco resource that can be converted to the Indicated resource category by infill drilling. | |
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