For thousands of other reports visit RSC's Mineral Intellingence Map
Bluestone Resources Inc.
Summary
| Project: | Cerro Blanco | |
|---|---|---|
| Deposit: | Cerro Blanco | |
| Location: | Guatemala | |
| Commodities: | Gold-Silver | |
| Date: | 7/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-7-2018: Bluestone Resources Inc. announces an Exploration/Drilling Update report for its Cerro Blanco deposit at the Cerro Blanco project. Drilling results incl. 21.4m @ 9.6g/t Au, 34.9g/t Ag from 36.8m. Vancouver, British Columbia--(Newsfile Corp. - Ju | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Cass (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - 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 inGuatemala Results in this press release include seven holes drilled from within the 3.2 km of underground mine workings and six holes drilled from surface. Holes UGCB18-92 and UGCB18-96 are infill holes drilled in the South Ramp underground workings from the same platform as holes UGCB18-86 and UGCB18-89 previously reported (see Company press release May 30, 2018). These latest holes continue to re-affirm the new geological model developed by Bluestone, where broad widths of high-grade mineralization occur due to multiple quartz-adularia veins converging at depth, possibly representing a feeder structure. Visible gold can be observed associated with zones of dark grey quartz and acanthite (a silver sulphide mineral) within these high-grade vein intercepts. Importantly, UGCB18-98, drilled in the southeast into the hanging wall of the veins, encountered a series of new high-grade veins that were discovered by Bluestone's recent underground channel sampling program in the South Ramp access tunnel. These veins were previously unknown and will be included in the updated resource estimate being undertaken as part of the current Feasibility Study expected inQ4 2018. Darren Klinck, President & CEO, commented, "We continue to be very pleased with the results from the feasibility drilling program earlier this year. As a result, we have enhanced our confidence in the continuity of the high-grade veins and the geologic model has now been transferred to the mine design team as part of the mine planning activities for the Feasibility Study." He added, "Our understanding of the geologic potential within, and immediately adjacent to the current deposit, has been significantly enhanced through the drilling and sampling programs. The focus of our geology team on exploration will certainly be key as we move ahead with our objective to expand the resources at Cerro Blanco over the coming quarters." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report