Goldstone Resources Ltd Updated Company Presentation (0300N)
20 September 2019 - 4:00PM
UK Regulatory
TIDMGRL
RNS Number : 0300N
Goldstone Resources Ltd
20 September 2019
20 September 2019
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Updated Presentation
GoldStone Resources Limited (AIM: GRL), the West and Central
Africa focused gold exploration and development company quoted on
AIM, is pleased to announce that an updated corporate presentation
is now available on the Company's website
www.goldstoneresources.com.
The presentation includes information on the Definitive Economic
Plan ("DEP") for its Akrokeri-Homase Gold Project ("AKHM")
announced on 27 June 2019.
The DEP sets out the basis for a low cost heap leach processing
facility to process material from three satellite open pits lying
along the known Homase Trend within the existing JORC Code
compliant resource, either side of the previously mined Homase Pit.
The proposal, subject to funding, is to bring AKHM into production
to generate cashflows to support the further development and
expansion of AKHM.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley Tel: +44 (0)7867 785 177 / +233 (0)55
581 8855
Strand Hanson Limited
Richard Tulloch / James Tel: +44 (0)20 7409 3494
Bellman
SI Capital Limited
Nick Emerson Tel: +44 (0)1483 413 500
St Brides Partners Ltd
Catherine Leftley / Juliet Tel: +44 (0)20 7236 1177
Earl
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold
exploration and development company with projects in Ghana and
Senegal that range from grassroots to advanced exploration.
The Company is focused on developing the Akrokeri-Homase project
in south-western Ghana, which hosts a JORC Code compliant 602,000
oz gold resource at an average grade of 1.77 g/t. The existing
resource is confined to a 4km zone of the Homase Trend, including
Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokeri Ashanti Mine
Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the
early 1900s, and the Homase Pit which AngloGold Ashanti developed
in 2002/03 producing 52,500 oz gold at 2.5 g/t recovered. It is the
Company's intention to build a portfolio of high-quality gold
projects in Ghana, with a particular focus on the highly
prospective Ashanti Gold Belt.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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