Bluestone Recourses Inc is a precious metal exploration and mining company. In addition, the company engages in power generation.
The firm is listed on TSXV under the symbol ‘BSR’.
The company was formed in 2017 when it purchased Mita Geothermal projects and Cerro Blanco Gold. The Cerro Blanco project hosts high-grade gold deposits. Under a pre-economic assessment, the firm says the project demonstrated a capacity of more than 300 koz/yr at first quartile cash costs.
Cerro Blanco mine life is expected to be 11 years.
The mining firm says that the Mita Geothermal project has received a license to produce 50 megawatts of power and is considered as an advanced stage renewable energy project.
Both its projects are located in Guatemala.
The natural resources company leverages its experienced management and operational team to emerge as a leader in the industry reportedly.
Bluestone Recourses claims to invest in the local communities and intends to maintain high environmental preservation standards.
Cerro Blanco project consists of a high margin gold deposit with average production recorded at more than 225,000 ounces per year.
The project reportedly has an efficient infrastructure in the form of close proximity with Pan American highway. The near surface recourse amount to 3.0 million ounces of gold.
The project show exploration opportunities to expand its current recourses.
Mita Geothermal project hosts 18 geothermal wells and is supported by different studies conducted by previous operators. It is located near the Cerro Blanco Gold project.
Sinclair Knight Merz conducted a feasibility study in 2013 at the Mita Geotherml project.
Bluestone claims to explore options to advance the commercialization of this project.
In February the natural recourse company increased the net present value of its Cerro Blanco project to 907 million dollars and high gold production to more than 300 koz per year.
Bluestone also intends to expand its exploration activities through infill drilling and management changes. The company believes that it has untapped exploration opportunities to increase the production of precious metals and geothermal potential.
The mining firm posts its financial reports and investor related details with live-stock prices on the official website.