VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2013) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.
Bluestone Resources Inc. (the "Company") announces receipt of the State of Alaska Multi-Year Hardrock Application, valid through December 2017.
"We are pleased to have received this permit which now allows the Company to access the Shorty Creek property, acquired in late 2012, in order to conduct confirmation drilling and additional exploration drilling programs. The aim is to increase the mineralization footprint of our asset," said Mr. David McAdam, the Company's CEO and President.
The Company's Shorty Creek project is located within 125 km of Fairbanks, with historical exploration located just 2 km from an all-season highway and approximately 4 km from International Tower Hill's Livengood Project. A historical 20 hole drill program produced drill intercepts of 70 meters grading 1.2 g/T gold, including 7.6 meters of 4.6 g/T gold, while subsequent soil geochemistry provided a positive correlation to the drill results, supporting the suggestion of a large under-explored intrusion related gold system.
Information of a technical or scientific nature in this press release has been reviewed and approved by Bruce Counts, P.Geo., Bluestone's Qualified Person as defined by National Instrument 43-101.
About Bluestone Resources Inc.:
Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Founded in 2004, the Company has assembled a team with the business acumen and technical expertise to identify and advance undervalued mineral exploration projects world-wide.
On behalf of the Board
Bluestone Resources Inc.
David WJ McAdam, CEO/President
This press release includes "forward-looking information" including statements regarding the exploration potential of the Shorty Creek Property that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking information. Such forward-looking information represents management's best judgment based on information currently available. The Company does not assume the obligation to update any forward-looking information, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.