Vancouver, British Columbia--(Newsfile Corp. - January 2, 2018) - Bluestone Resources Inc. (TSXV: BSR) ("Bluestone" or the "Company") is pleased to announce the appointment of Mr. Jeff Reinson as the Company's new Vice President, Project Development. Mr. Reinson will be responsible for overseeing the Feasibility Study currently underway on the Cerro Blanco gold project. Additionally, Mr. Reinson will assume leadership over all development and project execution related activities for the Cerro Blanco gold and Mita geothermal projects in Guatemala.
Mr. Reinson previously held senior project and engineering management roles with Goldcorp Inc., AngloGold Ashanti Limited, Newmont Mining Corporation, and Rio Tinto Ltd. where he led numerous major heavy civil infrastructure projects from conceptual studies through execution. Fundamental to these successful projects was Mr. Reinson's leadership in developing and integrating community and social engagement plans within Project Execution Plans.
Bluestone's President and CEO, Darren Klinck, commented "We are very pleased to welcome Jeff to the Bluestone team. Jeff brings a wide range of studies management, development and project execution experience throughout the Americas and will immediately take on an important role of turning his attention to the Cerro Blanco feasibility study." Mr. Klinck added, "I am delighted to have someone of Jeff's caliber join Bluestone's executive team and I look forward to working with him as we advance key priorities in 2018."
Jeff Reinson, M.Sc.
Mr. Reinson is a civil engineer with over 25 years of experience leading major heavy civil infrastructure projects from early conceptual studies through to execution and handover. After spending 10 years honing his technical expertise as a consulting engineer, Jeff spent the last 15 years of his career with major international mining companies leading or supporting large, multi-disciplined project teams throughout Mexico, Colombia, Chile, Peru, and Canada. Most recently Jeff was Project Director for Goldcorp, where he was leading the safe construction of Penasquito's +$750 million tailings storage facility expansion, a heap leach facility expansion feasibility study and a large groundwater remediation project.
Jeff holds master's and bachelor's degrees in civil engineering from the University of Saskatchewan where he received the Wong-Fredlund Unsaturated Soils Scholarship.
The Company also announces that, pursuant to the Company's stock option plan, Bluestone has granted incentive stock options to certain employees, officers and directors of the Company, exercisable to purchase up to 920,000 common shares until January 2, 2021 at an exercise prices of $1.50 per share.
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.
