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1/12/17

David Garofalo performs a miracle

He actually managed to sell Cerro Blanco.

Bluestone Resources Inc. (TSX VENTURE:BSR) ("Bluestone" or the "Company") is pleased to announce that it has entered into an agreement dated January 4, 2017 (the "Agreement") with Goldcorp Inc. ("Goldcorp") to acquire 100% of Goldcorp's Cerro Blanco Gold project ("Cerro Blanco") and Mita Geothermal project ("Mita Geothermal") in Guatemala (the "Proposed Acquisition").

"Cerro Blanco represents a unique and transformational acquisition for Bluestone," stated John Robins, CEO and Chairman of Bluestone. "The Cerro Blanco Gold Project is fully permitted for production, designed and developed to world class standards and hosts very high gold grades with strong potential to expand existing resources. We are excited to have Goldcorp as a partner and shareholder in the development of Guatemala's next low cost, underground gold mine." continues here

To be accurate, it's more like "He actually found somebody stupid enough to buy Cerro Blanco", but hey...splitting hairs. We can safely assume that BSR.v is unfettered by the burdens of a professional DD department. Or anyone who can speak Spanish. Or anyone who's ever visited Guatemala.