Goldstone Resources Ltd Operational Update (5158V)
15 April 2021 - 4:00PM
UK Regulatory
TIDMGRL
RNS Number : 5158V
Goldstone Resources Ltd
15 April 2021
15 April 2021
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Operational Update
GoldStone Resources Limited (AIM: GRL), the West Africa gold
exploration and development company quoted on AIM, announces that,
further to its announcement of 12 February 2021, the Company
confirms that for operational reasons it is focusing on ramping up
mining and production, which has necessitated a temporary
rescheduling to the initially planned gold pour, in order to
optimize profitability. The Company is working with the new mining
contractor to complete a revised mine plan and production schedule,
for the coming months and will be in a position to update the
market shortly.
For further information, please contact :
GoldStone Resources Limited
Bill Trew / Emma Priestley Tel: +44 (0)1534 487 757
Strand Hanson Limited
James Dance / James Bellman Tel: +44 (0)20 7409 3494
S. P. Angel Corporate Finance
LLP
Ewan Leggat / Charlie Bouverat Tel: +44 (0)20 3470 0501
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted
exploration and development company with projects in Ghana that
range from grassroots exploration to development.
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 52,000 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.
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END
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