
Bluestone building gold resource base in Guatemala

Bluestone Resources has further expanded gold resources at its Cerro Blanco project in Guatemala as it pushes on toward a feasibility study.
Gold measured and indicated resources contain 3.1Moz at a grade of 1.5g/t, up 142,000oz over the previous estimate, the company said in a release.
Silver measured and indicated resources total 13.4Moz at 6.6g/t.
In the measured category, total resources were 40.9Mt of material – up 88% – containing 2.38Moz gold and 10.4Moz silver, with grades at 1.8g/t gold and 7.9g/t silver.
“Measured resources have almost doubled from the PEA estimate and now comprise 75% of total ounces, providing a very solid foundation for the open pit reserves calculation and optimized mine plan currently underway as part of the feasibility study,” CEO Jack Lundin said.
The PEA, announced in February, doubled the production profile of Cerro Blanco.
The study showed initial capex of US$548mn for an open pit mine producing an average of 231,000oz/y gold over an initial 11-year mine life, with life-of-mine silver output of 10.3Moz.
Bluestone is advancing an environmental impact assessment application and plans to complete a feasibility study by early 2022.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Guatemala)

Spotlight: Guatemala mining stalemates
Major mines remain suspended as a battle over the newly elected constitutional court, which was supposed to rule on some projects, worsens the situ...

Guatemala delays Escobal consultation over COVID-19 spike
The government had planned to begin the pre-consultation stage for the silver mine with members of the Xinca indigenous community on Tuesday.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Michiquillay
- Current stage:
- Updated: 2 weeks ago
- Project: Cuiú Cuiú
- Current stage:
- Updated: 2 weeks ago
- Project: Cauchari-Olaroz, First Phase (Minera Exar)
- Current stage:
- Updated: 2 weeks ago
- Project: Colina (ex-Salinas Lithium Project)
- Current stage:
- Updated: 2 weeks ago
- Project: Alacran (San Matias)
- Current stage:
- Updated: 2 weeks ago
- Project: Laguna Verde (Chile)
- Current stage:
- Updated: 2 weeks ago
- Project: Río Blanco (Au, Ag)
- Current stage:
- Updated: 2 weeks ago
- Project: Castrovirreyna Project (Reliquias - Dorita)
- Current stage:
- Updated: 2 weeks ago
- Project: Las Minas
- Current stage:
- Updated: 2 weeks ago
- Project: Falchani (Phase 1)
- Current stage:
- Updated: 1 week ago
Other companies in: Mining & Metals (Guatemala)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ministerio de Energía y Minas de la República de Guatemala (MEM Guatemala)
- The Ministry of Energy and Mines of Guatemala is the national body governing and promoting the proper development of energy, mining and hydrocarbon sectors. Its strategic object...
- Company: Minera San Rafael S.A. (Minera San Rafael)
- Minera San Rafael S.A. was created for the exploration, construction and commissioning of the Escobal silver mine in Guatemala, which started operations in early 2014. Minera Sa...
- Company: Elevar Resources, S.A.
- Company: Compañía Procesadora de Níquel de Izabal, S.A. (PRONICO)
- The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: SGS Guatemala
- Company: Mayaniquel S.A. (Mayaniquel)
- Mayaniquel S.A. is a mining company owned by International Nickel Supply S.A. created to produce laterite nickel in Guatemala. Headquartered in Guatemala City, since 2013 it hol...
- Company: Consortium Legal Guatemala (Consortium Legal)
- The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Cordillera S.A.
- Company: Grupo Sierra Madre S.A.
- Company: Montana Exploradora de Guatemala S.A. (Montana Exploradora de Guatemala)
- Montana Exploradora de Guatemala S.A. is a subsidiary of the Canadian group Goldcorp Inc. It is engaged in the exploration and extraction of gold and silver. The company operate...