A junior miner has provided investors, sick of collecting splinters sitting around waiting around for developments in the coronavirus outbreak, with new developments of its own.
Vancouver-based Bluestone Resources Inc. (TSX-Venture: BSR) gave investors an update on its flagship Cerro Blanco Project located in Southern Guatemala. The Company has entered into an engagement with G Mining Services Inc. for basic engineering and overall project optimization efforts.
Together, Bluestone and G Mining will form an integrated project team to manage aspects of the project, covering optimization of all areas of the design, execution plan, and basic engineering. It is expected that basic engineering will be completed and detailed engineering will be initiated by the fourth quarter of 2020.
CEO Jack Lundin, CEO, said, "I recently worked alongside the G Mining team at Fruta del Norte in Ecuador and we are excited to have them join Bluestone in advancing Cerro Blanco through this important next phase. We will be looking to replicate the recent success in Ecuador leveraging key aspects of the execution strategy and team for Cerro Blanco.
"The Fruta del Norte project was delivered on time and on budget and represents one of the most recent major mining projects to be commissioned in Latin America."
BSR shares moved sharply higher, 15 cents, or 9.1%, to $1.80, on volume of 62,000 shares.
