Vancouver, British Columbia--(Newsfile Corp. - December 4, 2017) - Bluestone Resources Inc. (TSXV: BSR) ("Bluestone" or the "Company") is pleased to announce the appointment of David M. Cass as the Company's new Vice President of Exploration. Mr. Cass will lead Bluestone's exploration team focusing on both the Cerro Blanco gold and Mita geothermal projects in Guatemala. In addition, Stephen Williams has joined as the new Vice President, Corporate Development and Investor Relations. Mr. Williams will manage Bluestone's capital markets activities.
Bluestone's President and CEO, Darren Klinck, commented, "We are very pleased to welcome both David Cass and Stephen Williams to the Bluestone team. David's broad range of experience globally including many years in Latin America, combined with a strong focus on epithermal gold systems over his career significantly strengthens our team." Mr. Klinck went on to say, "Since we acquired the Cerro Blanco and Mita projects a few months ago, the recommencement of exploration activities for the first time in more than four years is increasing our understanding of the significant potential of this high-grade gold system and underdeveloped geothermal project. David's leadership on further advancing this understanding and firming up the geological aspects of the project for the Cerro Blanco feasibility study will be a key focus over the coming months and I am excited to be working with David on this exciting aspect of our business. Additionally, Stephen's strong capital markets experience and technical background add further depth to our capabilities as we advance Bluestone's activities associated with the Cerro Blanco and Mita projects."
David Cass, P.Geo., M.Sc.
Mr. Cass is a geologist with over 25 years of international experience in mineral exploration and mining for precious and base metals, with most of this time focused in Latin America. David has spent 15 years of his career with major international mining company Anglo American plc, where he held positions of increasing responsibility in jurisdictions including South and Central America, Mexico, Canada, Turkey, Iran and Eastern Europe. Mr. Cass' time at Anglo also include four years as Senior Geologist in Peru, and six years as Exploration Manager for North America, where he was responsible for Anglo's exploration programs throughout Canada, Central America, Mexico, mainland USA and Alaska. More recently, Mr. Cass has managed junior exploration companies with projects in Peru, Nicaragua, Guatemala, Mexico and Colombia.
Mr. Cass holds a Masters of Science degree in Mineral Exploration and Mining Geology from the University of Leicester, UK (1990) and a Bachelor of Science degree in Geology from London Metropolitan University. He is a practicing member (P.Geo) of the Association of Professional Engineers and Geoscientists of British Columbia and Fellow of the Society of Economic Geologists.
Stephen Williams, P.Eng, MBA
Mr. Williams was previously a Director at Canaccord Genuity Corp. in the metals and mining investment banking team. He provided strategic advice to clients on acquisitions, mergers, and equity financings. Stephen is a professional engineer by background and worked for Freeport-McMoRan in an operational and process development capacity. He holds a B.A.Sc. in Metallurgical Engineering from the University of British Columbia and an MBA from the W. P. Carey School of Business, Arizona State University.
About Bluestone Resources
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100% owned Cerro Blanco gold and Mita geothermal projects located in Guatemala. The Cerro Blanco Project economics, as disclosed in the Company's Cerro Blanco Preliminary Economic Assessment which is available at www.sedar.com, and updated mineral resource estimate for Cerro Blanco indicates a robust project with an expected nine-year mine life producing 952,000 ounces of gold and 3,141,000 ounces of silver. Initial capital expenditures estimated in the PEA to fund construction and commissioning is estimated at US$170.8 million with all-in sustaining cash costs (as defined per World Gold Council guidelines, less corporate general and administration costs) estimated to be US$490 per ounce of gold produced. The Company trades under the symbol "BSR" on the TSX Venture Exchange.
