Wednesday, January 17, 2018

Guatemala: Flow Tests to Begin at Mita Geothermal Project

Bluestone Resources Commences Flow Test Program at the Mita Geothermal Project (News Release)

Bluestone Resources Inc. of Vancouver, British Columbia, has provided an update regarding the permitted Mita Geothermal project located adjacent to Bluestone's Cerro Blanco Gold project in Guatemala. 

Bluestone's Board of Directors has approved a flow test program to further test select geothermal wells with the goal of upgrading the confidence level of the known geothermal reservoir. The data collected will provide the basis for the development strategy going forward. 

Flow testing is expected to commence in February and be completed by the end of March. In preparation for the testing, construction of the necessary infrastructure has already commenced with the installation of pipelines, pumps, sumps, downhole logging equipment, and monitoring equipment.

According to their website, Bluestone expects Phase 1 to include the installation of a 2 to 3 MW geothermal turbine for power generation. This initial power would be used by the Cerro Blanco gold project for potential mine development, including dewatering and ventilation. A Phase Two would include the development of a 12 MW geothermal power plant which could generate the balance of the power required for operations.