Currently viewing Global edition

Bluestone extends Cerro Blanco mineralisation

Bluestone Resources has reported that drilling has extended the plunge of high-grade mineralisation within the main vein in the South Zone of the Cerro Blanco gold project in Guatemala by about 80m.
Bluestone extends Cerro Blanco mineralisation Bluestone extends Cerro Blanco mineralisation Bluestone extends Cerro Blanco mineralisation Bluestone extends Cerro Blanco mineralisation Bluestone extends Cerro Blanco mineralisation

Bluestone Resources' Cerro Blanco in Guatemala

Staff reporter

In 2020, 15,171m of infill drilling was completed in the South Zone to improve the definition of key veins in parallel with expanding the mineralisation of known veins outside the current resource envelope. Highlights included 7.2m grading 7.5 grams per tonne gold and 20g/t silver.

"Also worth noting in these recent results are wide intervals of disseminated and veinlet hosted mineralisation drilled while testing for extensions to the major veins outside of the resource envelope," said Bluestone Resources VP exploration David Cass, referring to intercepts such as 101.4m grading 2.4g/t gold.

The company plans to produce a resource and mine plan update during the first semester. In January, the company updated the initial capital for the project to US$225 million compared with $196 million in the 2019 feasibility.

Shares in Bluestone Resources are trading at C$1.89, valuing the company at $271 million.