0000003691 00000 n The only place for free North American stock rankings incorporating insider commitment. Bluestone Resources: Development of Cerro Blanco Gold & Mita Geothermal Projects. 0000013861 00000 n The geothermal resource is located adjacent to Bluestone's Cerro Blanco Gold deposit with the Company controlling the necessary surface rights for both projects. Bluestone Resources Inc. (BSR: TSX-V) closed the acquisition of the Cerro Blanco Project and the Mita Geothermal Project from Goldcorp Inc. The Cerro Blanco gold project is a permitted, high-grade underground gold project, and the Mita Geothermal project is an advanced-stage, renewable energy project licensed to produce up to 50 megawatts of power. Geothermal Potential. 0000005332 00000 n With production costs around US$600 and a gold price around US$1800, the project is extremely lucrative. This system is associated with bimodal basalt- rhyolite volcanism, and occurs alongside (and overlapping with) the Cerro Blanco 2 million ounce epithermal gold deposit. The Mita Geothermal project was part of an integrated dewatering and power generation strategy with the Cerro Blanco gold project before it was put on care and maintenance in 2012. To date, the Mita site has 19 drilled wells, with investment totalling USD 60 million. In Guatemala, Bluestone Resources INC., which recently acquired the Cerro Blanco Gold and Mita Geothermal Project, reports that flow testing of the geothermal wells is currently underway. 4��:z�*-�L��0��y�lK\�╪|���|�ٝ�.Y�$H΄\;4���w�j39k]�� �2��+g��+�Ѽ�f�G�4?p��d&�$6��}�}ŏ@���:'P4�M{�?�B���x4w\�9%�7�19����e�a�g���$�X� Email Print Friendly Share. 0000008717 00000 n * Bluestone closes C$80 million subscription receipt financing and signs definitive agreement to acquire Goldcorp's Cerro Blanco project and Mita Geothermal project Bluestone is also investigating the possibility of using geothermal energy to help power Cerro Blanco through its Mita project, which was begun by previous mine operator Goldcorp. endstream endobj 61 0 obj<> endobj 63 0 obj<> endobj 64 0 obj<> endobj 65 0 obj<>/XObject<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 66 0 obj<> endobj 67 0 obj<> endobj 68 0 obj<> endobj 69 0 obj<> endobj 70 0 obj<> endobj 71 0 obj<>stream The nearest power grid is Asunción Mita, a community of about 15,000 people approximately ten kilometers from the project. 0000008531 00000 n 0000011282 00000 n Mita Geothermal Project Overview. The Cerro Blanco gold project is located in Guatemala and has a very attractive pre-economic assessment (PEA). The Mita Geothermal Project Cerro Blanco is not Bluestone's only interesting project. 0000006728 00000 n A feasibility study was completed on the Mita Geothermal project in 2013 by Sinclair Knight Merz (SKM) which returned positive economics. With production costs around US$600 and a gold price… Bluestone Resources: Development of Cerro Blanco Gold & Mita Geothermal Projects on Vimeo The Mita Geothermal project is permitted for 50 megawatts of annual power production and located 8 km from the national power grid. <]>> US$60 million has been invested into the project to date. Third party studies contemplate production capacity from these wells alone of approximately 7MW. Bluestone owns a 100% interest in the Cerro Blanco Gold and Mita Geothermal Projects located 160 km southeast of Guatemala City in Guatemala. 0000003877 00000 n 0000000016 00000 n The nearest power grid is Asunción Mita, a community of about 15,000 people approximately ten kilometers from the project. The Mita Geothermal project is in southeast Guatemala approximately 160 kilometers from Guatemala City. Bluestone envisions a staged approach, where phase 1 would include power produced for […] The development of a deeper geothermal reservoir could provide additional power generation of up to 50 MW. 0000014987 00000 n Mita geothermal project . The Lundin family is now the major shareholder in … A total of 18 geothermal wells have been drilled, including nine slim holes and ten standard diameter wells. 04:13 MIN 2.157 19.01.2021 - 23:06 It is aligned with the following Sustainable Development Goals (SDGs): SDG 7 on access to affordable, reliable, sustainable and modern energy for all and SDG 13 on urgent action to combat climate change and its impacts. The Cerro Blanco gold project is a permitted, high-grade underground gold project located in southeastern Guatemala. 60 24 pe1��y����@� ��ˑ��4��g�+����'�i����v�����(�H��}�nsX��fo��L���md8ol&�Fs�ʬ�"s.�U2�>A��(=��t��Hq���a�6��d�vxF��� x�i]��S��e&IN�0�×f���=��ٍ���Gg!#��x�o�9�͊g�����;�1N�5��Iѓk��bщ��D������̫�Q��M�|��>�b���l�CyO�r�b&���g\@U (���l��E�b�0��Yo�%�� ��[��B5ԙL�B��-%Jn��������9S�q9V��������Ý�4�����R\�����*����-��/��� 0000001469 00000 n The Mita Geothermal project is located in southeast Guatemala approximately 160 kilometers by road from the capital, Guatemala City. The Mita Geothermal project is permitted for 50 megawatts of annual power production and located eight kms from the national power grid. In Guatemala, Bluestone Resources INC., which recently acquired the Cerro Blanco Gold and Mita Geothermal Project, reports that flow testing of the geothermal wells is currently underway. The Mita Geothermal project is a renewable energy project licensed for up to 50 megawatts of power. The Mita geothermal project is located near the Cerro Blanco gold project and a positive feasibility study was completed in 2013. %PDF-1.5 %���� As a values-based company, Bluestone is committed to investing in its people, local communities and operating in a safe and sustainable manner utilizing innovation and respecting the environment. The Mita Geothermal includes the development of a geothermal power plant which generate the balance of the power required for operations. It owns also the Mite Geothermal Project. It is projected that beneath the Mita geothermal concession, at depths of 2,000 to 3,000 meters, may be a deeper geothermal reservoir. The project is de-risked with 18 geothermal wells in place and an internal feasability study completed by prior operators. The project will support expansion of Indonesia''s geothermal generating capacity to contribute to the sustainability, resiliency, and sufficiency of the electricity system. The Mita Geothermal project is an advanced stage renewable energy project About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube … The Mita Geothermal project is an advanced-stage, renewable energy project licensed to produce up to 50 megawatts of power. %%EOF The geothermal project could grow even further and be spun off from the company. 0000015172 00000 n Bluestone Resources was created in 2017 with the purchase of the Cerro Blanco gold & Mita Geothermal projects. In the past there have been drilled several geothermal exploration and production wells. Chemical geothermometry projects reservoir temperatures of 220+°C. Mita is a moderate temperature geothermal system that was discovered in 1997 during gold exploration in southeastern Guatemala. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. Mita Geothermal Projects Bluestone is advancing the permitted high grade Cerro Blanco gold project in Guatemala. Down the road, Mita offers Bluestone an opportunity to produce some or all of the power for Cerro Blanco, and the company has already received interest in the project. 0000001156 00000 n Geothermal makes advances in Guatemala, Chile, Mexico. The Mita Geothermal project includes supplement power requirements for mine, including dewatering and ventilation. Bluestone Resources Inc. has initiated flow tests of existing wells at its Mita geothermal project in Guatemala to increse the confidence level of the known geothermal reservoir. A feasibility study highlighted a rapid payback low cost producer that will generate more free cash flow in the first year of production than the current market cap of the company today. A Phase Two would include the development of a larger geothermal power plant which could generate the balance of the power required for operations and potentially more. The Mita geothermal resource was discovered in the late-1990s during gold exploration in southeastern Guatemala. 60 0 obj <> endobj 0000009979 00000 n To date, the Mita site has 19 drilled wells, with investment totalling USD 60 million. Highlights: Cerro Blanco is an advanced permitted high-grade gold project that includes over 3 km of underground development, a high-grade resource of 1.2 Moz at 10.1 g/t gold and a Feasibility Study that returned very compelling economics. 62 0 obj<>stream trailer The Mita Geothermal project is permitted for 50 megawatts of annual power production and located eight kms from the national power grid. 0000001290 00000 n 0 Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. The Mita Geothermal project includes supplement power requirements for mine, including dewatering and ventilation. 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