VANCOUVER, BC, May 19, 2021 /CNW/ - Bluestone Resources
Inc. (TSXV: BSR) (OTCQB: BBSRF) ("Bluestone" or the
"Company") is pleased to announce the results of voting at its
annual general and special meeting of shareholders which was held
on May 19, 2021 by conference call
(the "Meeting"). Full details of all the voting results for
the 2021 Meeting are available on SEDAR at www.sedar.com.
The nominees for directors listed in Bluestone's management
proxy circular dated April 14, 2021
were elected as set out in the following table:
Director
|
Votes
For
|
%
|
James Beck
|
92,101,783
|
99.98
|
Zara Boldt
|
92,106,883
|
99.99
|
Dave
Dicaire
|
92,106,883
|
99.99
|
Leo
Hathaway
|
92,106,883
|
99.99
|
William
Lamb
|
92,106,883
|
99.99
|
Jack
Lundin
|
92,106,883
|
99.99
|
After the Meeting, William Lamb
was appointed by the Bluestone Board of Directors (the "Board") to
take over as Chair in the place of John
Robins.
John Robins served on the Board
Corporate Governance and Nominations Committee, the Board Health,
Safety, and Environment Committee, and as Chair of the Board.
Jack Lundin, President and CEO
commented, "John was instrumental in the acquisition of the Cerro
Blanco gold project, which transformed the Company to what it is
today. He has been a strong Board Member, providing insightful
feedback and leadership experience. John's vision in the natural
resource space over the last 35 years has led to numerous
discoveries and successes. On behalf of Bluestone's senior
management team and our Board, we would like to thank John for his
contributions and wish him the best in his future endeavours."
John Robins, former Chair
commented, "It has been a pleasure to have had the opportunity to
work with such a talented team both here in Vancouver and in Guatemala. Since acquiring Cerro Blanco in
2017 we have made significant progress in the development of the
project both technically and socially, and I am proud to have been
part of its evolution from a grass roots explorer to developer. I
have every confidence in the Company to carry the project forward.
I am grateful to have worked with such a great team and am thankful
for the support of our shareholders, in particular the Lundin
family."
Jack Lundin also commented, "As
the Company transitions to a larger scale development, it is a
natural transition to bring someone with success in open pit mining
projects into the position of Board Chair for Bluestone. I have had
the pleasure of knowing and working with William Lamb for many years. His experience in
the industry and his dedication to operational excellence will be a
valuable asset for us as we continue to efficiently advance our
flagship Cerro Blanco gold project."
William Lamb
Mr. Lamb
has over 23 years of experience in mining and operations in
Canada and several Southern
African countries. His background includes operational and project
management in the precious metals, coal, chrome, and diamond
sectors. Mr. Lamb spent 13 years with De Beers working across their
operations in Southern Africa and
Canada focusing on heavy mineral
concentration, project development, and operational readiness. He
joined Lucara Diamond Corp. in 2008 until 2018 and was instrumental
in the acquisition of the AK6 asset, now the Karowe Mine, which has
been brought into production as one of the world's most significant
producers of large, high quality diamonds.
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 ~$642/oz
(as defined per World Gold Council guidelines, less corporate
general and administration costs) over an initial 11-year mine
life. 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 | President, CEO
& Director
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Bluestone Resources Inc.