Bluestone Resources Receives State of Alaska Permit on Shorty Creek Project
February 25 2013 - 5:30PM
Marketwired Canada
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.
Bluestone Resources Inc. (the "Company") announces receipt of the State of
Alaska Multi-Year Hardrock Application, valid through December 2017.
"We are pleased to have received this permit which now allows the Company to
access the Shorty Creek property, acquired in late 2012, in order to conduct
confirmation drilling and additional exploration drilling programs. The aim is
to increase the mineralization footprint of our asset," said Mr. David McAdam,
the Company's CEO and President.
The Company's Shorty Creek project is located within 125 km of Fairbanks, with
historical exploration located just 2 km from an all-season highway and
approximately 4 km from International Tower Hill's Livengood Project. A
historical 20 hole drill program produced drill intercepts of 70 meters grading
1.2 g/T gold, including 7.6 meters of 4.6 g/T gold, while subsequent soil
geochemistry provided a positive correlation to the drill results, supporting
the suggestion of a large under-explored intrusion related gold system.
Information of a technical or scientific nature in this press release has been
reviewed and approved by Bruce Counts, P.Geo., Bluestone's Qualified Person as
defined by National Instrument 43-101.
About Bluestone Resources Inc.:
Bluestone Resources Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. Founded in 2004, the
Company has assembled a team with the business acumen and technical expertise to
identify and advance undervalued mineral exploration projects world-wide.
On behalf of the Board
Bluestone Resources Inc.
David WJ McAdam, CEO/President
This press release includes "forward-looking information" including statements
regarding the exploration potential of the Shorty Creek Property that are
subject to a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company. 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bluestone Resources Inc.
Kyle Barker
604.646.4527
604.646.4526 (FAX)
www.bluestoneresources.ca
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