Bluestone Resources Update on Cerro Blanco Gold Project

Bluestone Resources Inc has reported additional high grade drill assays received from the ongoing drill program in the South Zone of the Cerro Blanco gold project.
Bluestone Resources Update on Cerro Blanco Gold Project
Bluestone ResourcesBluestone Resources

Bluestone Resources Inc has reported additional high grade drill assays received from the ongoing drill program in the South Zone of the Cerro Blanco gold project. 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 on November 10, 2020.

Underground holes

1.7 meters grading 16.2 g/t Au and 96 g/t Ag (UGCB20-180)

4.1 meters grading 334.7 g/t Au and 538.8 g/t Ag including 1.0 meter grading 1,380 g/t Au and 2,194 g/t Ag (UGCB20-180)

2.1 meters grading 23.0 g/t Au and 38.5 g/t Ag (UGCB20-181)

1.1 meters grading 150.5 g/t Au and 62.8 g/t Ag (UGCB20-181)

4.5 meters grading 75.7 g/t Au and 32.8 g/t Ag including 1.4 meters grading 152.7 g/t Au and 124 g/t Ag (UGCB20-181)

3.2 meters grading 17.0 g/t Au and 72.1 g/t Ag (UGCB20-182)

Surface Holes

1.0 meter grading 98.1 g/t Au and 68.8 g/t Ag (CB20-428)

4.2 meters grading 57.6 g/t Au and 115 g/t Ag (CB20-430)

9.0 meters grading 34.6 g/t Au and 66.9 g/t Ag including 1.5 meters grading 144.4 g/t Au and 282 g/t Ag (CB20-430)

David Cass, Vice President of Exploration, commented, "It's exciting to receive more high grades from our drill program as our program picks up momentum. Of note is that this latest highest-grade intercept of 1,380 g/t gold in UGCB20-180 represents a different vein and zone of the deposit to the 675 g/t Au assay announced just last week. Both intercepts are separated by an elevation difference of approximately 160 meters and demonstrates the distribution of bonanza grades at all levels throughout the deposit. Assays from holes UGCB20-180 and UGCB20-181 are helping define an exceptionally high-grade south-plunging shoot within the principal feeder vein VS_01 that is at least 60 meters wide."

The focus of the drill program is to improve the definition of key veins in parallel to expanding the high-grade mineralization for known veins outside of the current resource envelope. The work is expected to build on the infill drill program completed in the North Zone of the deposit in 2019 which resulted in an updated Mineral Resource estimate of 1.41 million ounces of gold averaging 10.3 g/t in Measured and Indicated categories

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