Bluestone drills bonanza grades of up to 1,380 g/t gold at Cerro Blanco project
(Kitco News) - Bluestone Resources (TSXV:BSR | OTCQB:BBSRF) reports additional high grade drill results received from the ongoing drill program in the South Zone of the Cerro Blanco gold project, Guatemala.
Five drill rigs are operational both in the underground workings and on surface. These results continue to confirm the continuity and high grade of the epithermal vein style mineralization, including several bonanza grade intercepts and the highest-ever gold assay received in the Project’s history of 1,380 g/t Au over 1.2 meters, which exceeds the previous highest assay of 674.8 g/t Au and 2,863 g/t Ag over 1.3 meters published in last week’s news release.
CEO Jack Lundin said that “These record high-grade gold assays are truly impressive. The fact that we have received the two best-ever intercepts in the project’s history within weeks of each other perhaps reflects the team’s increased understanding of the deposit which is guiding our drill targeting. What is also equally encouraging is that we continue to find new veins like those intersected in all but one of the five holes, offering additional potential for the future expansion of the resource.”
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100%-owned Cerro Blanco Gold and Mita Geothermal projects located in Guatemala. A Feasibility Study on Cerro Blanco returned robust economics with a quick pay back. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz.
Visible gold from Cerro Blanco. Image credit: Bluestone.