Bluestone Resources Appoints David McAdam to President & CEO
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/29/13 -- Bluestone
Resources Inc. (TSX VENTURE:BSR) ("Bluestone", the "Company") today
announced that its Board of Directors has appointed Mr. David McAdam
to the role of President, Chief Executive Officer and a director.
"We are pleased to have Mr. McAdam join Bluestone in the role of
President, CEO and director and the Board looks forward to working
with Mr. McAdam as the Company advances its Alaskan based Shorty
Creek and Richardson Projects," stated Mr. John Robins, Chairman of
the Board of Bluestone. "Mr. McAdam brings to the Bluestone team more
than 28 years of financially based experience in both the public and
private sector with the last 7 years being focused in the mining
sector in CFO and CEO roles."
Mr. McAdam has a proven track record as a transformation and
operational executive with experience in the domestic and
international mining sector. As the CFO of Eastern Platinum Limited
("Eastern") and Finance Director of Barplats Investments Limited
("Barplats"), he was the financial lead in the consolidation of
Eastern and Barplats including the offer to minorities and the
successful inward listing of Eastern onto the JSE. Mr. McAdam has
held numerous director and officer positions on domestic and overseas
entities, from CFO of start-up TSX.V entities through to Finance
Director of a Fortune 150 company based in Houston, Texas.
Mr. McAdam replaces Mr. Bruce Counts who remains with the Company as
a director and continues with the Aurora group. "The Company thanks
Mr. Counts for his contributions in restructuring Bluestone and looks
forward to his continued role as a director and advisor to the
Company," stated Mr. Robins.
The Company's Shorty Creek and Richardson projects are both located
within 125 km of Fairbanks and both are within 2 kms of all season
highways. The Company is planning a phased drill program on Shorty
Creek to confirm and then expand the historical gold zone and plans
an initial evaluation of the Richardson historical data and then
establish future exploration targets.
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.
John Robins, Chair of the Board
Bluestone Resources Inc.
President & CEO
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