VANCOUVER, BC, April 8, 2021
/CNW/ - Bluestone Resources Inc. (TSXV: BSR) (OTCQB:
BBSRF) ("Bluestone" or the "Company") announced today
that Darren Klinck, President of
Bluestone Resources will be stepping down from his role effective
April 15, 2021. Mr. Klinck will also
be resigning from the Bluestone Board of Directors at that time.
Jack Lundin has been appointed
President and CEO of the Company effective April 15, 2021.
Jack Lundin commented, "On behalf
of Bluestone Resources, I would like to take this opportunity to
thank Darren for his hard work and dedication to the Company.
Darren's commitment to driving the Cerro Blanco Project forward
over the past four years has been instrumental to leading us to
where we are today. We now have a clear path to move the optimized
Cerro Blanco Project forward and I know Darren will continue to be
an ambassador for this exciting Project and Company."
Darren Klinck commented, "Since
joining Bluestone in 2017 with the acquisition of the Cerro Blanco
Project, I am very proud to have worked alongside a first-class
team in Canada and Guatemala to advance and de-risk the project
to where it is today as one of the most exciting late-stage
development projects in the industry. In consultation with key
stakeholders, the Company has made the important strategic decision
to pivot to a project that better realizes the true value of the
Cerro Blanco opportunity and this is the right time to streamline
and align the business objectives, including adjusting to the
appropriate management structure going forward."
Mr. Klinck added, "I would also like to thank the Bluestone
Board of Directors for their dedicated commitment and support. I
look forward to following the Company's progress closely and wish
Jack, the Board, and the teams in Canada and Guatemala, enormous success as they advance
over this next phase of the project toward creating meaningful
opportunities for the people of Guatemala."
About Bluestone Resources
The Cerro Blanco gold project is an advanced stage near surface
development project. A PEA on the Project highlighted an asset
capable of producing over 300 koz/yr with an average annual
production of 231 koz/yr at all-in sustaining costs of ~$640/oz (as defined per World Gold Council
guidelines, less corporate general and administration costs) over
an initial 11-year mine life (see technical report Cerro Blanco 2.0
Preliminary Economic Assessment dated February 28, 2021). The Company trades under the
symbol "BSR" on the TSX Venture Exchange and "BBSRF" on the
OTCQB.
On Behalf of Bluestone Resources Inc.
"Jack Lundin"
Jack Lundin | Chief Executive
Officer & Director
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE Bluestone Resources Inc.