Bluestone Resources - CEO, Jack Lundin
CEO, Jack Lundin
Source: The Northern Miner
  • 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. 

More From The Market Online

Rock Tech notches approvals for German lithium refinery

Rock Tech Lithium (TSXV:RKC) reveals it has received the full permits for its planned lithium refinery in Guben, Germany.
The Market Online Video

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle

Graham Downs and Adam Coulter of Cascadia Minerals (TSXV:CAM) discuss promising projects in the Yukon Territory and British Columbia.

Microcap Star Diamond releases robust diamond valuation

Star Diamond (TSX:DIAM), a microcap mining stock, releases a prospective diamond valuation for three major kimberlite units in Saskatchewan.
The Market Online Video

High-quality lithium projects in Argentina with drilling underway

Argentina Lithium & Energy (TSXV:LIT) is focused on acquiring high-quality lithium projects and advancing them towards production.