Intersects 28.6m @ 11.6 g/t Gold In Guatemala
Bluestone Resources Inc.(TSXV: BSR) (OTCQB: BBSRF) has received additional positive drill assays from the infill drill programme completed in the South Zone of the Cerro Blanco gold project in Guatemala in late 2020.
The results are from three underground holes and 13 surface holes are reported in this press release, totalling 4,493m.
Highlights include the following drilled intercepts:
- 28.6m grading 11.6 g/t Au and 11.7 g/t Ag (CB20-442)
- 217.6m grading 1.4 g/t Au and 5.6 g/t Ag (CB20-433)
- 111.8m grading 2.1 g/t Au and 12.5 g/t Ag (CB20-444)
- 114.9m grading 2.5 g/t Au and 13.4 g/t Ag (CB20-449)
- 101.4m grading 2.4 g/t Au and 9.7 g/t Ag (UGCB20-191)
- 21.2m grading 11.2 g/t Au and 11.7 g/t Ag (CB20-443)
The holes reported include significant widths of near surface mineralisation within the Salinas unit, and underlying Mita sediments and tuffs, which host the majority of the high-grade epithermal vein swarms.
President and CEO, Jack Lundin, said drilling is currently focused on mineralisation within the upper portion of the deposit to improve drill density and better define limits of the mineralisation.
“As anticipated, the South Zone continues to yield +100-meter intervals at over 2 g/t gold near surface,” Mr Lundin said.
“Combined with the impressive widths of high-grade vein mineralization deeper in the deposit, these unique attributes to Cerro Blanco create an asset capable of producing over 300,000 oz Au per year.
“The drill results will be incorporated into an updated resource estimate that will form the basis of our ongoing Feasibility Study which is progressing on schedule.”
Assays for several holes are still being received and compiled, in addition to holes currently being drilled that are targeting mineralisation in the Salinas unit.
