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Goldstone Resources (GRL)     

moneyman - 13 Sep 2006 14:38

Just noticed the rise today.

Chart.aspx?Provider=EODIntra&Code=GRL&SiCompany website http://www.goldstoneresources.com/

banjomick - 03 Oct 2017 09:03 - 106 of 124

03 October 2017
GOLDSTONE RESOURCES LIMITED

Director/PDMR Notifications


GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces the following issues of a total of 643,315 ordinary shares of 1 penny each ("Ordinary Shares") to directors of the Company in lieu of salaries accrued in September 2017 ("Fee Shares"). As set out in the Company's announcements of 3 April 2017 and 2 June 2017, the Directors have agreed, in order to preserve cash, to convert salaries and fees through to the end of September 2017 into Ordinary Shares.

The number of Fee Shares to be issued in respect of such fees and salaries for September 2017 has been calculated by reference to the volume weighted average price of the Ordinary Shares for the period of 30 days prior to the 1 October 2017, being 1.92p.

In addition to the Fee Shares, the Board have agreed to issue 96,153 Ordinary Shares to Neil Gardyne in respect of his salary for October, due in respect of his one month notice period following his resignation from the Board announced yesterday (the "Additional Fee Shares"). The number of Additional Fee Shares has been calculated based on the closing mid market price of the Company's Ordinary Shares on 2 October 2017 of 2.08p, being the latest practicable date prior to this announcement.

The Fee Shares to be issued to each of the Directors in respect of accrued fees and salaries for the month of September 2017, the Additional Fee Shares and the resulting interests in Ordinary Shares are set out below: ***Via Link Below***

http://www.moneyam.com/action/news/showArticle?id=5688571

banjomick - 17 Oct 2017 09:26 - 107 of 124

Stratex sells Goldstone Resources stake
17 October 2017 | 08:23am

StockMarketWire.com - Stratex has sold its 13.7% stake in Goldstone Resources to institutional investors for £0.55m.

Shares in the company were sold at 1.6p each.

Emma Priestley has resigned as a non-executive director of Stratex, effective today, due to her full-time commitments as Goldstone's chief executive.


At 8:23am: [LON:STI] Stratex International PLC share price was -0.05p at 1.13p

http://www.stockmarketwire.com/article/5706385/Stratex-sells-Goldstone-Resources-stake.html

TR-1: Standard form for notification of major holdings

banjomick - 09 Nov 2017 09:48 - 108 of 124

9 November 2017

GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")

Results of Akrokerri pit definition drilling

GoldStone Resources Limited (AIM: GRL) announces that it has successfully completed its pit definition Reverse Circulation ("RC") drilling programme in the Southern part of the 2012 JORC compliant resource area within the 100% owned Akrokerri licence, with results continuing to confirm the expected gold content.

The RC drilling programme consisted of 26 holes for a total of 1,470 metres at the Akrokerri project. The programme, which is the first part of the Akrokerri open pit project, identified as AK01 North and AK01 South, confirmed the results of the historical drilling and recent trenching to further support the economic potential of the project.

The preliminary assessment of the RC drilling programme shows that 22 of the 26 holes intersected the mineralised zone with economic values and mining widths for the target zone - Table 1 below shows the results of the intervals that will be used for the Pit design. The four sub-economic holes (AKRC022, 23, 24 and 26) are situated at the southern end of the proposed southern pit (see Figure 1). All of the assays were undertaken by the ALS Laboratory in Kumasi, Ghana.

The results from two of the RC infill drillholes exceeded expectations, with AKRC018 returning 2.22g/t over 30 metre drill length between intervals 41 metres and 71 metres at a vertical depth below surface of 27 metres to 48 metres and AKRC012 returning 3.78g/t over 12 metres drill length between intervals 22 metres and 34 metres at a vertical depth below surface of 15 metres to 23 metres. In addition, hole AKRC017 delivered one of the best results on the Akrokerri licence to date, with 12.4g/t over a 1 metre length between intervals 20 metres and 21 metres at a vertical depth below surface of 13 metres.

Based on these assays from this RC drilling programme, the arithmetic average of the grades is 1.8 g/t over 10.5 metres drilling width (approximately 7 metres true width) within the mineralised zone of the two proposed pits (sample cut-off 0.5g/t). The continuous strike length over these two proposed pits is approximately 1,500 metres, compared to the approximately 700 metres strike length of the existing Homase pit which was mined by Ashanti Goldfields between 2002 and 2003 and produced 52,452 oz gold at an average grade of 2.85g/t.

A grade distribution analysis indicates a relatively disseminated pattern, no nugget effect is expected. Therefore, the grade forecast is expected to be close to the mine grade.

A detailed spatial analysis including an estimation of mineable resources is currently being undertaken using MicroMine software and metallurgical tests are on-going.

This programme has indicated that the mineralisation may split towards the South. If this is confirmed by 3D analysis, a sub- parallel second zone may be available for mining within the proposed pit.

Bill Trew, Chairman, commented: "We are very pleased that this programme continues to confirm our expectations of the Akrokerri deposit. We are narrowing the gaps in past drilling and improving the confidence in the resource as required in order to move towards the earliest possible development of a mine. These results are encouraging, in particular the two infill drillholes that exceeded our expectations and the extent of the near surface oxidised, mineralisation zone. We look forward to keeping you updated as we seek to move the project forward."

More from link below

http://www.moneyam.com/action/news/showArticle?id=5736487

banjomick - 27 Nov 2017 09:47 - 109 of 124

27 November 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")

Director Appointment

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Angela List as a Non-Executive Director to its Board of Directors (the "Board").

Angela is a director of BCM Investment Limited ("BCM"), which following its participation in the Company's recent fundraise announced on 27 September 2017, is interested in approximately 20.08 per cent. of the Company's issued share capital. BCM is part of the wider BCM Group of companies ("BCM Group"), which are one of Africa's largest private contract miners.

The Board looks forward to working alongside Angela, who has significant operational and in-country expertise, to further the Company's business objectives in Ghana. Her trusted network throughout Africa extends from Government authorities through to the local communities where the BCM Group operates. Most recently, Angela was instrumental in the BCM Group acquiring a 90 per cent. interest in the Nzema Mine in Ghana, formerly owned by TSX-listed Endeavour Mining Corporation.

Angela joined the BCM Group in 2001 as Finance Director and has overseen significant growth throughout the business, increasing total assets from approximately US$21 million up to US$246 million as at 2016. In the same manner revenues have increased from approximately US$20 million in 2001 to approximately US$111 million in 2016. Prior to this Angela was a member of the audit team at KPMG Ghana Limited.

The Company confirms that it intends to appoint an additional independent Non-Executive Director, and the Company looks forward to updating shareholders in due course.

Bill Trew, Non-Executive Chairman of GoldStone, commented:

"I am delighted to welcome Angela to the Board of GoldStone, as she brings a wealth of experience to the GoldStone team. Her business acumen and diverse experience across many disciplines which, in particular, involves mining throughout West Africa, will be a great asset to assist the Company in building value from proposition through to mining and production and bringing shareholder value to the Company."
http://www.moneyam.com/action/news/showArticle?id=5757240

banjomick - 11 Dec 2017 08:34 - 110 of 124

11 December 2017

GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")


PRELIMINARY IN-COUNTRY METALLURGICAL TEST WORK

GoldStone Resources Limited (AIM: GRL) is pleased to announce the results of preliminary metallurgical test work on the AK01 proposed North and South pits on the Akrokerri licence, which have returned encouraging results and indicate the potential for heap leach processing of the oxide mineralisation. The Company is conducting preliminary metallurgical test work on samples obtained from the recent trenching to establish a range of potential processes for the development of the project.

Highlights
• Column tests show the AK01 oxide zone is extremely amenable to both the heap leach and to the CIL gold recovery processes
• Gravity recovered gold of 14.8% and 25.4% in the North and South Pit samples respectively
• Gold extraction from the tailings produced by the gravity tests were 90.2% and 93.5% for the North and South pit samples respectively using bottle roll test work with carbon1
• Column leach testing indicates moderate cement requirements, with 8 kg/tonne ("kg/t") addition rate enhancing the leaching efficiency and yielding acceptable column slump levels2
• Column leach testing over a 30 day period resulted in recoveries of some 82.6% and 84.7% for the North and South pit samples respectively with cement addition of 8 kg/t
Notes:
1. Samples pulverised to all passing 75 microns prior to leaching by sodium-cyanide solution both with and without carbon in bottle roll tests over 24 hour periods.
2. 4.5% & 3.3% column height slump in the North and South pit sample columns respectively utilising 8 kg/t binder material addition.

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=5775346


Goldstone's CEO, Emma Priestley commented:
"This preliminary test work on samples from the proposed pits is encouraging, showing that almost 90% of the recoverable gold via the heap leach method is achieved within the first 15 days of leaching. This indicates that a scale up to mine operation would be very successful. Whilst we are currently maintaining a bias towards oxide material, we are also maintaining focus to exploit the development of the higher grade sulphide zone."

banjomick - 19 Jan 2018 11:04 - 111 of 124

19 January 2018
GOLDSTONE RESOURCES LIMITED

Potential to revitalise the old Akrokeri mine

GoldStone Resources Limited (AIM: GRL), is pleased to announce that as part of the review of historical data, the Company has initiated a project to potentially revitalise the old Akrokeri underground mine ("Akrokeri Mine" or "Mine").

The Akrokeri Mine is situated within the Akrokeri prospecting licence, approximate 1.5 km south of the proposed AK01 South pits, shown in Figure 1. It is recorded by the Ghanaian Minerals Commission that the Akrokeri Mine produced some 75,000 ounces of gold between 1904 and 1909, from about 104,000 tons (94,347 tonnes) of ore, equating to a recovered grade of about 0.73 ozs/t, equivalent to 24g/t. However, the mine closed in 1909, due to a high inflow of water.

The Mine was developed from two shafts 1,400 feet (426.7 metres) apart, to a maximum depth of some 500 feet (152.4 metres) vertical. The gold bearing quartz vein was recorded as being about 4 feet (1.2 metres) in width and produced free milling non-refractory ore. It is situated within the sediments near the contact of a suite of greywackes/ phyllites and the Akrokeri granite.

Two drilling campaigns were undertaken by Birim Goldfields Ltd ("Birim") in 1996, comprising nine Diamond Drill holes totalling 2,000 metres and, Pan African Resources Ltd ("Pan African Resources") in 2008, comprising 10 Diamond Drill holes totalling some 3,200 metres. These holes were located north and south of Akrokeri town along the known quartz vein. From the historic data, it is recorded that the drilling encountered unknown narrow high grade quartz veins within the granite, with samples up to 51g/t. This indicates the potential of a high grade deposit within the entire contact zone (both within the sediments and the granite).

The review of data and assets in 2017 highlighted that the core was incomplete in the Company's core shed housed at site. GoldStone has managed to locate the entire 5,200 metres of core drilled by Birim and Pan African Resources and has relocated it to its core shed, and re-logging is currently underway and, if appropriate, further assaying of the core may be undertaken.

GoldStone is currently reviewing the possibility of opening up the old underground workings at the Akrokeri Mine, to explore the potential mineralised zones along strike extensions and within the old workings, as substantial areas remain untested.

The GoldStone team is continuously examining the historical data for the Homase/Akrokeri mineralised zone, which is opening up new areas to re-assess, as exemplified here.

Figure 1: Location of the Akrokeri Mine

http://www.rns-pdf.londonstockexchange.com/rns/3290C_-2018-1-18.pdf

Emma Priestley, Chief Executive Officer of GoldStone, commented:

"GoldStone continues to review all the historical data for its licences and this has lead to the re-examination of the former mine which we are really excited about. There is a huge opportunity to find and exploit an existing resource and also expand on these resources, not to mention the huge value in the existing infrastructure and underground development."

http://www.moneyam.com/action/news/showArticle?id=5822008

banjomick - 25 Jan 2018 10:06 - 112 of 124

25 January 2018
GOLDSTONE RESOURCES LIMITED

Initiating GeoChemical Soil Sampling over Homase and Akrokeri

GoldStone Resources Limited (AIM: GRL) is pleased to announce that a geochemical soil sampling programme has started within the Homase and Akrokeri Licence areas (the "Licences"). This is being done to confirm known mineralization and anomalies in the area and also to extend the potential of the mineable material outside of the known resource.

Historical exploration of the Licences included Magnetic and Radiometric conductivity (VTEM) and Chargeability (IP) geophysical surveys, soil and outcrop sampling. The existence of gold anomalous areas resulting from the analysis of the historical samples suggest the existence of possible prospective areas as highlighted in Figure 1 below. In addition, artisanal mining activities targeting some NE-SW quartz vein fractures have been carried out around the old Akrokeri mine.

Approximately 6,000 samples, including those for quality control, over six target areas (See Figure 1 below), will be collected and assayed and the results reviewed for prospective anomalies. Sampling will be undertaken over a grid spacing of 50 metres by 20 metres. These are high priority exploration targets and if any soil sampling proves successful, detailed trenching and drilling will be considered.

As part of the soil sampling programme, and to reduce the costs of employing third party preparation, GoldStone has built a sample preparation facility at site for the preparation of the collected soil samples. A supervisor and foreman who previously worked at the AngloGold Ashanti laboratory in Obuasi have been employed to manage this facility.

Figure 1: Plan of the Six Target Areas for Soil GeoChem within the Licences

http://www.rns-pdf.londonstockexchange.com/rns/8493C_-2018-1-24.pdf


Emma Priestley, Chief Executive Officer of GoldStone, commented:

"We are very pleased to confirm a number of anomalies and structures throughout the Licences that we consider are worthy of this cost effective soil sampling programme, which will test the near-surface potential of these areas for additional oxides."

http://www.moneyam.com/action/news/showArticle?id=5829285

banjomick - 18 May 2018 08:23 - 113 of 124

18 May 2018
GOLDSTONE RESOURCES LIMITED

Renewal of prospecting licences


GoldStone Resources Limited (AIM: GRL) is pleased to announce that the extension for the prospecting licences in respect of the Homase-Akrokeri project in Ghana has been received.

The Company's wholly owned subsidiary GoldStone Akrokeri Limited ("GAL"), has been notified of the renewal of GAL's prospecting licence, PL6/87, in the Ashanti Region of Ghana for an extended period through to April 2020. This licence incorporates the Akrokerri project, in which the Company has a 100% interest.

The Company has been notified by Cherry Hill Mining Company Limited, that its prospecting licence, RL6/96, has also been extended until April 2020. This licence incorporates the Homase project, in which the Company has a 90% interest.


Emma Priestley, Chief Executive Officer of GoldStone, commented:

"We are very pleased to have received these renewals, and especially for an extended period, demonstrating our commitment to advancing the Homase-Akrokeri project. We are expecting to update the market in the next few weeks on the results from the large scale soil sampling programme that has been on-going. These results, together with the renewal and extension of our prospecting licences demonstrate management's commitment to developing a long-term growth strategy and add real shareholder value."

http://www.moneyam.com/action/news/showArticle?id=5976158

banjomick - 07 Jun 2018 09:39 - 114 of 124

07 June 2018
GOLDSTONE RESOURCES LIMITED

High Gold Grades of 51.01g/t, 24.80 g/t & 17.72 g/t Confirmed

Following Review and Re-logging of Akrokeri Core


GoldStone Resources Limited (AIM: GRL) is pleased to report, further to the Company's announcement of 19 January 2018, the confirmation of high-grade gold intersections following the completion of the review and re-logging of historic diamond core ("DD") holes drilled under or adjacent to the previously producing Akrokeri underground gold mine ("Akrokeri Mine" or the "Mine").


Overview

· Mineralised intercepts of up to 1.0 metre at 51.01 g/t Au confirmed in re-logged diamond core from below and adjacent to the Akrokeri Mine, which previously produced 75,000 oz Au at a final recovered average grade of 0.73 ozs/t, equivalent to approximately 24 g/t

· Two further DD holes identified from 2012, indicating gold bearing quartz intersections in the footwall of the Mine

· Assaying of four of the historic DD holes to the south of the Mine to be undertaken

· The Akrokeri Mine is 12 km along strike to the north of AngloGold Ashanti's Obuasi Gold Mine, one of the world's major gold mines with a total historical and current resource in excess of 70 million ounces of gold

· Defined work programme being finalised to re-open the Akrokeri Mine, targeting gold production within 24 months

· The Akrokeri Mine, together with the Homase pit, provides two highly prospective targets within GoldStone's licences


Emma Priestley, CEO of GoldStone, commented:

"Grades of up to 51.01 g/t gold are remarkable and together with completion of the review and re-logging process, we are very excited about the opportunity and believe it warrants the acceleration of development and the ultimate reopening of the Akrokeri underground mine. Management is focused on identifying the most economic and timely route to production, which we believe can be achieved within 24 months.

"Together with the highly encouraging Homase pit target area and the regional geology which hosts one of the world's largest gold mines, management believe we have a truly exciting development opportunity at the Akrokeri Mine.

"I look forward to keeping shareholders updated as we seek to accelerate the development of GoldStone into becoming a gold producer."



Further Information***via link below**

http://www.moneyam.com/action/news/showArticle?id=6002021

banjomick - 14 Jun 2018 09:40 - 115 of 124

14 June 2018
GOLDSTONE RESOURCES LIMITED

Geological Managers Appointed to Accelerate Development at Akrokeri-Homase

GoldStone Resources Limited (AIM: GRL) is pleased to announce the appointment of SEMS Exploration Services Limited ("SEMS") of Accra, Ghana as Geological Manager of the Company's Akrokeri-Homase project ("AKHM" or "Project") in the Ashanti Region of Ghana. SEMS is charged with designing and implementing the development of the Project with the objective of reopening the Akrokeri underground mine, extending the Homase open pit and delivering first gold production within 24 months.


SEMS has contributed to the development of the Project for many years, with the founder and owner of SEMS, Simon Meadows Smith, originally having discovered the Homase deposit in 1998 with Dominion Mining Ltd. Simon Meadows Smith later sold the project to Ashanti Goldfields Corporation ("Ashanti Goldfields") which developed a shallow open pit which produced 52,000 oz gold at 2.5g/t. Ashanti Goldfields later merged with AngloGold to form AngloGold Ashanti Limited ("ASA"), which is developing the Obuasi Gold Mine, one of the world's major gold mines with a total historical and current resource in excess of 70 million ounces of gold located 12km along strike from the Akrokeri underground mine.


With its long association with the Project, and expertise in the gold exploration and mining industry, the Board believes SEMS is well qualified to serve as the Company's Geological Manager.

SEMS will assess results from the recently completed soil sampling programme that has tested exploration targets along the Homase trend. In addition, they will review historic data including production and drilling results from the Akrokeri Mine, which produced 75,000 oz Au at an average grade of 24g/t in the early 1900's, as well as the production records of ASA's mining operations at Homase from 2001 to 2003. In addition, SEMS has its own geological and technical assessments from studies completed on the project since its discovery in 1998. Once an exploration and development programme for the Project has been approved by the board, SEMS will oversee ground exploration activity.

***More via link below** *

http://www.moneyam.com/action/news/showArticle?id=6011505

banjomick - 20 Jun 2018 09:41 - 116 of 124

20 June 2018
GOLDSTONE RESOURCES LIMITED

Gold anomaly of over 8km identified at Akrokeri-Homase Project

GoldStone Resources Limited (AIM: GRL), is pleased to announce the identification of a >8 km gold-in-soil anomaly at its Akrokeri-Homase Gold Project ("AKHM" or the "Project"), located 12 km along strike from AngloGold Ashanti's +70 million ounce Obuasi Gold Mine in South-West Ghana.

The >8 km gold-in-soil anomaly, which runs from the historic Akrokeri underground mine ("Akrokeri Mine") to north of the Homase open pit ("Homase Pit"), see Figure 1 below, has been identified following a review of the results from the recent geochemical soil sampling programme (announced 25 January 2018) ("2018 Soil Programme") and historic field work.

Overview

· >8 km gold-in-soil anomaly identified following the review of results for the 2018 Soil Programme and historic data

· Gold anomaly contains the historic Akrokeri Mine and the Homase Pit, as well as demonstrating along strike extensions to both mines

· Historic trenching indicates high grade gold mineralisation, including 15.0 metres @ 6.31 g/t Au which includes 4.5 metres @ 18.23 g/t Au from a trench in the Homase North Resource Zone

· Scoping study commenced to better define the oxide resource potential of the >8 km Homase Mineralised Trend ("Homase Trend") to the north and south of the Homase Pit

· 2018 Soil Programme has also defined a gold in soil anomaly for 2.4 km south of the Akrokeri Mine

· Parallel mineralised gold structures also delineated, which may provide further mineral resource upside potential following evaluation work


GoldStone's Chief Executive Officer, Emma Priestley, commented:

"The potential size, scale and grades at our AKHM continue to improve, providing significant support for our recently implemented strategy to commence commercial gold production within two years.

"These results of the 2018 Soil Programme, when combined with historic data, significantly upgrade the prospectivity of the Project and enhance our understanding of the exciting potential of AKHM to contain significant gold mineralised zones. In particular, the Homase North Resource Zone and the zone between the Homase Pit and the Akrokeri Mine now represent two very strong and consistent anomalous areas with significant potential for high grade oxide resources.

"We have commenced a scoping study to evaluate the potential of these oxide zones along the Homase Trend and we look forward to providing further updates in the months ahead."

http://www.moneyam.com/action/news/showArticle?id=6019029

banjomick - 09 Jul 2018 11:26 - 117 of 124

9 July 2018

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")



Ghanaian Government Positive on Obuasi Development



GoldStone Resources Limited (AIM: GRL), which is seeking to bring the Akrokeri-Homase Gold Project ("AKHM" or the "Project") in the Ashanti Region of Ghana back into production, notes that AngloGold Ashanti Limited (JSE: ANG, NYSE: AU) ("AngloGold") has received environmental permits for its historic and current 70 million ounce Obuasi Gold Mine ("Obuasi Mine"), located c.8km along strike from AKHM. The granting of the permits by Ghana's Environmental Protection Agency follows the Parliamentary ratifications of the regulatory and fiscal agreements that cover the redevelopment of the Obuasi Mine. The decision highlights the in-country support for the redevelopment of goldmines and underpins the pro-mining environment in Ghana and in particular the highly prospective Obuasi district within the Ashanti Gold Belt.



The Ghanaian Government decision follows AngloGold's approval in February 2018 that they are committed to spending US$31 million for front-end engineering and other preparatory work as part of their US$500 million investment for the redevelopment of the high-grade Obuasi Mine. The Company believes that the Obuasi Mine and its development plans underpin the significant potential of the Project. AKHM contains two historic gold mines: the high-grade Akrokeri underground mine which produced approximately 75,000 oz Au at a final recovered average grade of 24 g/t, and the Homase open pit, a shallow oxide deposit which previously produced 52,000 oz Au at a final recovered average grade of 2.5g/t. The Company is actively looking to bring the Project back into production with the support of its two major shareholders, Paracale Gold Ltd, a mining investment specialist, and BCM International Ltd, one of Africa's largest private contract miners.



Emma Priestley, CEO of GoldStone said, "I am currently in Ghana and there is significant interest in the development of mining opportunities. With the news of the Obuasi Mine getting Governmental support and AngloGold committing over US$500 million funds, we are highly encouraged by the local and national operational environment of our AKHM Project as we seek to progress towards production within two years.



"We have an extremely high-grade project which keeps on giving; on top of the historical production grades of 24 g/t Au, we have recently identified 8km of strike of which 4km houses the 602,000 oz Au JORC resource which highlights the significant potential of the Project.

banjomick - 10 Jul 2018 08:17 - 118 of 124

10 July 2018
GOLDSTONE RESOURCES LIMITED

Operational Update on High Grade Akrokeri Mine

and Scoping Study & EIS Underway


GoldStone Resources Limited (AIM: GRL), is pleased to update the market on the progress of activities at its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana. This includes sinking a new shaft to access the historic high grade Akrokeri underground gold mine ("Akrokeri Mine" or "Mine"), one of two previously producing operations at AKHM, to enable the Company to complete a geological assessment of the Mine. The Akrokeri Mine is located approximately 6 km along strike from one of the world's major gold mines, AngloGold Ashanti's ("AngloGold") Obuasi Mine, which has a total historical and current resource in excess of 70 million ounces of gold.


Highlights:

· New 'Norton' shaft (the "Norton Shaft") is being sunk 40 metres east of the historic North Shaft at the Akrokeri Mine to a target depth of 30 metres

· The Norton Shaft is intended to provide

o access to the mineralised zone at the Mine, which produced 75,000 ounces of gold in the early 1900s at a recovered average grade of 24 g/t Au

o access to the old mine workings, which were fully operational until an ingress of water in 1909

o valuable geological information and allow the extraction of samples for test work

· Initiated bulk sample programme along the Homase Trend

· Commencement of an environment baseline assessment to support onward development at AKHM, ahead of intended production within two years



Emma Priestley, CEO of GoldStone, commented:

"This update is a culmination of the previous six month's work, that for the first time includes the collation and review of information from all historic exploration, drilling and mining activities across the Project, which we believe reinforces AKHM's prospectivity and upside potential.

"We are extremely excited by the opportunities at AKHM, including several new targets identified during the review, being the Akrokeri Mine, the potential for further pits along the Homase Trend that includes the Homase Pit, which was mined by AngloGold in 2002/3 at a recovered grade of 2.5 g/t Au, and additional parallel zones.

"With Ghana's Parliament recently ratifying the regulatory and fiscal agreements for the redevelopment of our neighbour, the Obuasi Gold Mine, and the issuing of their environmental permit, the attitude in Ghana towards mining is increasingly positive, reinforcing the backdrop to our strategy of rapidly advancing the Project and achieving production within two years.

"I am currently in Ghana with the management team, planning the next stages of our development and how to optimise the path to production to realise the intrinsic value of AKHM."

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=6045518

banjomick - 02 Aug 2018 08:41 - 119 of 124

2 August 2018
GOLDSTONE RESOURCES LIMITED

Visible Gold at Akrokeri-Homase Gold Project

GoldStone Resources Limited (AIM: GRL), the West-African focused gold developer which is fast-tracking development of its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana, is pleased to report visible gold from its on-going review of historic drill core. Drill core from both historically producing mines on AKHM, the Akrokeri Underground Mine and the Homase Open Pit, clearly show visible gold as demonstrated in the images which can be viewed using the following link: http://www.rns-pdf.londonstockexchange.com/rns/5309W_1-2018-8-1.pdf



Emma Priestley, CEO of GoldStone said, "We continue to advance development of the AKHM project with the intention of bringing it back into production within two years. Both the higher-grade underground mine at Akrokeri, which has reported historic recovered grades of up to 24g/t Au, and the open pit mine at Homase, which has a current JORC resource of 602,000 ounces of gold at an average grade of 1.77g/t, have visible gold in historic drill core. This reinforces our confidence in the wider mineralised potential of the Project, which is located just 8km along strike from one of the world's major gold mines - the Obuasi Gold Mine, which has a total gold endowment in excess of 70 million ounces of gold.

"We are understandably extremely excited about the consistently encouraging finds that we have experienced at AKHM, and we look forward to updating the market on progress as we complete our scoping study and move ever closer towards production."

http://www.moneyam.com/action/news/showArticle?id=6076093

banjomick - 25 Sep 2018 18:33 - 120 of 124

From this morning:

25 September 2018

New Corporate Presentation and Company Website


GoldStone Resources Limited (AIM: GRL), the West-African focused gold developer which is fast-tracking development of its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana, is pleased to announce that the Company's new corporate presentation can be found on the new GoldStone website at https://www.goldstoneresources.com/

banjomick - 27 Sep 2018 08:49 - 121 of 124

27 September 2018
GOLDSTONE RESOURCES LIMITED

Operational Update on High Grade Akrokeri Mine


GoldStone Resources Limited (AIM: GRL), is pleased to provide an update on activities at its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana.

A recent work programme has focussed on accessing the historic, high grade Akrokeri underground gold mine ("Akrokeri Mine" or "Mine"), one of two previously producing mines within AKHM, to enable the Company to commence an assessment of the Mine, which previously produced 75,000 ounces of gold at a recovered average grade of 24 g/t.



Overview

· Significant progress made at the high grade Akrokeri Mine where recently announced mineralised intercepts included 1.0 metre at 51.01 g/t Au

· Completion of the Norton Shaft at the Akrokeri Mine to a total targeted depth of 33 metres (the bottom 3 metres being allowed for a sump and pump station)

· Norton Shaft and existing historic North Shaft will be used as the two access points to the old workings which are expected to be within 8 metres to the south of the Norton Shaft

· Access made to old artisanal workings approximately 150 metres north of Norton shaft that sit along strike from the mineralised structure of the Akrokeri Mine

· Artisanal workings have opened up into shallow workings developed by the previous historic operator indicating that the mineralisation is more extensive than previously thought within the Akrokeri Mine vicinity



Emma Priestley, CEO of GoldStone, commented:

"These recent developments will support the future evaluation of the historic underground workings of the Akrokeri Mine, which produced 75,000 ounces of gold at a final recovered average grade of 24 g/t in the early part of the 20th century. Our assessment so far has indicated that the workings from both the former operator and artisanal miners are more extensive than previously thought and therefore, the mineralisation is too. We are looking forward to continuing our geological evaluation and extracting samples for test work. We are currently working hard in Ghana to progress both the scoping study for the proposed pits on the Homase Trend and related test work, and I look forward to keeping shareholders updated on our progress."

http://www.moneyam.com/action/news/showArticle?id=6144062

banjomick - 28 Sep 2018 08:41 - 122 of 124

28 September 2018
GOLDSTONE RESOURCES LIMITED

Interim Results for the six months ended 30 June 2018


GoldStone Resources Limited (AIM: GRL), the West-African focused gold developer which is fast-tracking development of its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana, is pleased to announce its unaudited interim results for the six-month period ended 30 June 2018.


Overview

· Highly encouraging mineralised intercepts of up to 1.0 metre at 51.01 g/t Au confirmed by review and re-logging of historic diamond core ("DD") holes drilled under or adjacent to Akrokeri Mine

· New 'Norton' shaft, located 40 metres east of the historic North Shaft at the Akrokeri Mine, completed post period end to a target depth of 30 metres

- Norton Shaft and historic North Shaft will be used as the two access points to the old workings at the Akrokeri mine, which previously produced 75,000 ounces of gold at a recovered average grade of 24 g/t Au

· Soil geochemistry programme has successfully highlighted Akrokeri's position on the Homase Trend

- >8km gold-in-soil anomaly which runs from the historic Akrokeri Mine to north of the Homase Pit

- Defined gold in soil anomaly for 2.4km south of the Akrokeri Mine, which may provide further mineral resource upside potential

· Licences for Akrokeri Project, within prospecting licence PL6/87, and Homase Project within prospecting licence RL6/96, renewed through to 20 April 2020

· Title to Senegalese licences were maintained - the Company will apply for extension of exploration licence upon the satisfactory review of raw drill data

· GoldStone's new website launched to reflect the Company's new strategy of accelerating the development of AKHM into production (www.goldstoneresources.com)



Emma Priestley, CEO of GoldStone, commented:


"2018 has been very busy for the GoldStone team, as we seek to ensure the Company is on track to deliver production at AKHM within the next two years. The results confirmed by the review and re-logging of the historic diamond core are very encouraging and our soil geochemistry programme has indicated further mineral resource upside potential. We are also pleased to launch the Company's new website, as we look to fully communicate our fast track to production strategy with our loyal shareholders."

http://www.moneyam.com/action/news/showArticle?id=6146011

banjomick - 21 Dec 2018 09:48 - 123 of 124

21 December 2018
GOLDSTONE RESOURCES LIMITED

Operational Update on Developments at Akrokeri-Homase Gold Project

GoldStone Resources Limited (AIM: GRL), is pleased to provide an update on activities at its Akrokeri-Homase Gold Project ("AKHM" or "the Project") in the Ashanti Region of Ghana. The Project is centred around two previously producing assets, the high-grade Akrokeri underground mine and the Homase open pit mine, which are being simultaneously developed towards delivering gold production by mid 2020.

The highlights from the work programmes that are continuing on both of the historic mines are set out below.

Akrokeri Underground Mine

· Progress continues to be made at the high grade Akrokeri Mine within the area that hosts the numerous artisanal shafts and pits, whereby work continues to make safe the shallow workings, and those that have been accessed are being mapped

· At the North Shaft, where Level 1 has been intersected, the process of clearing out old rails, wood and debris is underway to form a safe access to continue working in the shaft for the reopening of the mine to access the workings down to 400 feet (approximately 122 metres)


Homase Open Pit Mine

· As part of the Scoping Study along the 8 km Homase Trend, a pilot heap leach project is underway to determine parameters for near term development including the period required for leaching and potential gold recoveries through heap leach treatment

- After the first 40 days of irrigation of a pilot heap leach plant, using 2.5 tonnes of material from Homase South, within the Homase Trend, recoveries are 67.5%, with irrigation continuing through to extinction

- The University of Mines and Technology (UMaT) in Tarkwa, Ghana, estimates that the leach cycle will be 65 days with recoveries of up to 80%

- The oxide zone within Homase South is demonstrating amenability to low-capex heap leach treatment

· Scoping Study will also look at the Homase North Resource Zone within the Homase Trend, where historic trenching has indicated high grade gold mineralisation, including 15.0 metres @ 6.31 g/t Au which includes 4.5 metres @ 18.23 g/t Au

· Following on from the soils programme results announced 20 June 2018, a deep trenching programme is underway, to prove up the continuity of the mineralisation within the Homase Trend north of the former Homase pit. The first stage of trenching is at the Homase North and Adubriem deposits with samples having being submitted to the laboratory, with results expected in Q1 2019

· The Environmental Baseline Study has been expanded to include the potential Homase North pits as well as Homase South


Emma Priestley, CEO of GoldStone, commented:

"Our strategy of advancing development at both Akrokeri and Homase is centred on achieving production at multiple mining operations in as short time as practicable. Akrokeri has the distinct advantage of demonstrating exceptionally high grade material, including intercepts of 1.0 metre at 51.01 g/t Au, and established mining infrastructure, whilst Homase offers the potential benefit of being amenable to low capital heap leach treatment. When looking at the assets in unison, I am confident that GoldStone has a clear pathway to production in mid 2020, utilising the significant support and expertise of our strategic shareholders and team who have a proven track record in building gold mines."

https://www.moneyam.com/action/news/showArticle?id=6253848

banjomick - 28 Dec 2018 09:56 - 124 of 124

28 December 2018
GOLDSTONE RESOURCES LIMITED


US$1.224 million Loan and issue of Warrants

GoldStone Resources Limited (AIM: GRL), announces that it has entered into a loan agreement with Paracale Gold Limited ("Paracale Gold"), the Company's major shareholder, (the "Loan Agreement"), pursuant to which Paracale Gold will provide the Company with a loan of up to US$1.224 million (the "Loan").

The Loan, which will accrue interest at 6.0% per annum, will provide the Company with working capital to fund the continued advancement of its Akrokeri-Homase project ("AKHM" or the "Project"), located in the highly prospective Ashanti region of south-western Ghana. The Project is centred around two previously producing assets, the high-grade Akrokeri underground mine and the Homase open pit mine, which are being simultaneously developed towards delivering gold production by mid-2020.



Summary terms of the Loan and Warrants

· Paracale Gold will provide the Company with a loan of up to US$1.224 million

- US$324,000 will be drawn down immediately

- Three further tranches are available to be drawn down in equal instalments of US$300,000 over the next nine months

· Loan plus accrued interest to be repaid in full on or before 2 June 2022

· The Loan will attract interest at a rate of 6.0 per cent per annum, compounded daily against the Loan's outstanding balance, until it is repaid

· The Loan will be used for the development and advancement of AKHM and to provide general working capital

· Paracale Gold to be issued with 40,352,377 new warrants to subscribe for such number of new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), exercisable at a price of 1.2 pence per share at any time during the period through to 2 June 2022 (the "Warrants")

· The existing 40,352,377 warrants held by Paracale Gold have been cancelled

· Director fees to be reduced, with the balance to accrue for deferred payment



Emma Priestley, CEO of GoldStone, commented:

"Paracale Gold shares the Company's vision for the development of the Akrokeri-Homase Project in Ghana. In what remains a challenging market for the natural resource sector, we are pleased to have secured the necessary funding to continue the advancement of AKHM and we welcome and value the continued support of our major shareholder, Paracale Gold as we seek to bring AKHM into production by mid 2020."

https://www.moneyam.com/action/news/showArticle?id=6259010
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