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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 5/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2019: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 5.4m @ 11.9g/t Au, 84.5g/t Ag from 108.8m. Vancouver, British Columbia--(Newsfile Corp. - | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - Bluestone Resources Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the "Company") is pleased to announce further high-grade intercepts drilled as part of the infill resource conversion program at its Cerro Blanco Gold project. The primary focus of the program is to upgrade a portion of the Inferred Resources identified during the previous drill program completed in 2018. The Cerro Blanco Feasibility Study (see press release January 29 th , 2019) highlighted some 357,000 ounces of Inferred Resources (1.4 Mt grading 8.1 g/t Au) that could be potentially converted to Measured and Indicated Resources through infill drilling. Additionally, the program is also designed to define new resources along known veins in the mine plan that extend outside of the current resource envelope. All holes cited in this press release were drilled from various platforms located in the North Ramp of the Cerro Blanco underground workings with the exception of hole UGCB19-134 which was drilled from the South Ramp. The majority of holes were drilled at sub-horizonal to positive angles (upwards) and designed to target Inferred Resources within the upper parts of the resource, with targeted veins successfully intercepted. Of note, hole UGCB19-136 was drilled at +22 degrees into the upper part of the deposit, intercepted a wider than expected zone of 11.9 g/t Au and 84.5 g/t Ag over 5.4 meters due to the coalescing of several structures. | |
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