BSR Bluestone Resources Inc

Bluestone Resources Inc. (TSX VENTURE:BSR) ("Bluestone") today announced that it
has renegotiated the terms of the purchase agreement for the Mohave
Copper-Moly-Silver project in northwestern Arizona.


"Bluestone's management believes that the Mohave Project has the potential to
host an economic resource of significant size," says Bruce Counts, President and
CEO of Bluestone Resources. "Much of the property where mineralization has been
identified remains under-explored and a comprehensive review of the technical
data is being undertaken to determine the next steps for exploration."


Under the terms of the amended purchase agreement, which is subject to the
approval of the TSX Venture Exchange, Bluestone will acquire a 100% interest in
the property by paying the underlying vendors 300,000 shares of the company on
or before September 1, 2012. In addition, Bluestone has agreed to pay the
vendors $1,000,000 within six months of receiving a bankable feasibility study.


The Mohave Property 

The Mohave Project is located in north-western Arizona and is interpreted as a
porphyry deposit with significant copper, silver and molybdenum mineralisation.
Exploration work has identified mineralisation over a large area of the project
coincident with a 750 hectare Induced Polarisation (IP) anomaly and
complementary structural features. 


About Bluestone Resources Inc. 

Bluestone Resources Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. For further information
about Bluestone Resources Inc. or this news release, please visit our website at
www.bluestoneresources.ca. 


Bluestone Resources Inc. is a member of the Aurora Resource Group of companies,
for more information on the group visit www.auroraresource.com.


On behalf of the Board

Bruce Counts, P. Geoph., President & CEO

Bluestone Resources Inc. 

This press release includes "forward-looking information" including statements
regarding the private placement that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of the Company.
Statements regarding future fund raising and capital expenditures are subject to
all of the risks and uncertainties normally incident with the raising of capital
including, but are not limited to, financing risks and risk of regulatory
change. Investors are cautioned that any such statements are not guarantees of
future events and that actual events or developments may differ materially from
those projected in the forward-looking information. Such forward-looking
information represents management's best judgment based on information currently
available. The Company does not assume the obligation to update any
forward-looking information, except as required by applicable law.

Bluestone Resources (TSXV:BSR)
Historical Stock Chart
From Dec 2024 to Jan 2025

Bluestone Resources (TSXV:BSR)
Historical Stock Chart
From Jan 2024 to Jan 2025