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Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 5/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-5-2018: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 8.3m @ 32.7g/t Au, 79.6g/t Ag from 43.6m. May 30, 2018 – VANCOUVER, BRITISH COLUMBIA – Blu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | May 30, 2018 – VANCOUVER, BRITISH COLUMBIA – Bluestone Resources Inc. (TSXV:BSR | OTCQB:BBSRF) ("Bluestone" or the "Company") is pleased to announce further positive drill results from its resource definition drill program at the Cerro Blanco Gold project in Guatemala. Assay results for a further six holes, which were drilled from various locations within the Cerro Blanco underground mine workings, are reported in this press release. Highlights include the following core intercepts representing true widths of the veins Holes UGCB18-86 and UGCB18-89 are fan holes that intercepted multiple zones of parallel veins from approximately 15 meters below the South Ramp underground workings. A plan view showing drill hole locations and cross sections can be accessed by clicking HERE. A selection of illustrative core photographs can be viewed HERE. Included within these broad zones are bonanza intercepts of 163.3 g/t Au and 1,202 g/t Ag over 1.0 meter and 170.8 g/t and 421 g/t Ag over 1.2 meters. Visible gold can be observed associated with zones of dark grey quartz and acanthite (a silver sulphide mineral) within these high-grade vein intercepts. Darren Klinck, President & CEO commented, “These recent results are significant and represent some of the highest gold and silver grades we have seen since the start of the program. The drilling continues to validate our understanding and confidence in the new geological interpretation of the deposit and will be fundamental to the planned updated resource estimate and engineering studies concurrent with our Feasibility Study.” The underground results presented in this press release are drilled from platforms 4, 5, 6 and 9 (Figure 1 in the plan view) and complement drill results announced previously (see Company press releases dated April 17, 2018 and May 15, 2018). Assay results from a further seven underground are still pending and will be reported when received. Results from all surface and underground drilling undertaken by Bluestone will be incorporated into an updated resource estimate expected in July. | |
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