Bluestone 'disappointed' with anti-mining referendum
Canadian company Bluestone Resources president and CEO Jack Lundin has expressed his disappointment with a referendum that was held at the weekend in a region near its Cerro Blanco gold project, in Guatemala, stressing that the outcome of the vote is not a reflection of the sentiment towards its project.
He says the commission responsible for the vote is comprised of individuals with an anti-mining agenda and that several biased and illegal activities were observed during the referendum process.
“This referendum is clearly unconstitutional and filled with irregularities. We are disappointed with the actions of these groups, who use these biased referendums to create doubt and uncertainty around responsible mining projects, such as Cerro Blanco,” says Lundin.
Bluestone has been advised by its legal counsel that the referendum will not be legally binding. The referendum went ahead despite a judge ruling that it be suspended.
A recently completed feasibility study demonstrated a robust, rapid pay-back, high-grade operation that will produce 2.6-million ounces of gold over the life-of-mine at a first quartile all-in sustaining cost.
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