Bluestone Resources (BSR) - $45M Spend Could Triple Their Fortunes
Matthew Gordon, Ptolemy Capital
4 Weeks ago
Interview with Jack Lundin, CEO of Bluestone Resources (TSX-V:BSR)
Bluestone Resources is a single asset junior Gold developer with their flagship project Cerro Blanco in Southern Guatemala. They are a Canadian listed company with their focus on Cerro Blanco, a near-surface high-grade Gold deposit that was always considered an underground resource until recently.
Interpretation of the Cerro Blanco deposit has improved considerably with an additional 112,000 m of drilling. The Bluestone Resources management team has decided to change direction at Cerro Blanco and triple the value of the resource by changing the mining method from an underground mine into a surface mining operation. This is due to the near surface mineralisation at the resource and greater understanding of the project.
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