- Bluestone Resources (TSXV:BSR) has posted assays from the infill drilling program at its Cerro Blanco Gold project in Guatemala
- The site’s south zone returned assays of 21.6 grams per tonne gold over 15 metres, including 48.5 grams per tonne over 3.8 metres
- Other intercepts over the same distance included 52 grams per tonne gold over 15 metres, including 97 grams per tonne over 3.8 metres
- Bluestone has also announced its founder and Executive Chair John Robins is moving to a non-executive chair role, as part of the company’s larger corporate restructure
- Bluestone Resources (BSR) is up five per cent and is trading at C$1.90 per share
Bluestone Resources (TSXV:BSR) has posted assays from the infill drilling program at its Cerro Blanco Gold project in Guatemala.
The company has embarked on 9,000-metre, focused on the southern portion of the deposit located on the property. The program explored 14 underground holes and four surface holes, hoping to intersect gold mineralisation.
The program returned assays of 21.6 grams per tonne gold over 15 metres, including 48.5 grams per tonne over 3.8 metres
Other intercepts over the same distance included 52 grams per tonne gold over 15 metres, including 97 grams per tonne over 3.8 metres
Alongside this were results of 10.7 grams per tonne gold and 131 grams per tonne gold results over seven metres.
Three drill rigs are operational, with two additional rigs expected to arrive in the coming weeks.
These results build on the infill results the company pulled out of the northern zone on the property in 2019, which led to a total reassure estimate of 1.41 million ounces of gold grading at 10.3 grams per tonne in both measured and indicated resources.
Jack Lundin, CEO of Bluestone, said the drilling program had been delayed due to coronavirus, but despite that temporary setback work was beginning to ramp up again.
“Together with the cooperation of the Entre Mares team, the drilling contractor and the local government agencies, we will look to ramp up drilling initiatives with two additional rigs when deepened appropriate.
“We are very encouraged with the results from the drilling achieved to date,” he said.
Bluestone has also announced its founder and Executive Chair John Robins is moving to a non-executive chair role, as part of the company’s larger corporate restructure.
Bluestone Resources (BSR) is up five per cent and is trading at C$1.90 per share at 10:45 am EDT.
