Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.
  • Page:
  • 1
  • ...
  • 4
  • 5
  • 6
  • 7

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 - 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
  • Page:
  • 1
  • ...
  • 4
  • 5
  • 6
  • 7
Register now or login to post to this thread.