Just noticed the rise today.

Company website http://www.goldstoneresources.com/

Goldstone Resources
Senegal and Ghana Projects Update
RNS Number : 9676G
Goldstone Resources Ltd
20 May 2011
GoldStone Resources Limited

("GoldStone" or the "Company")

Positive early exploration results from Senegal and Ghana
Key Points:

Initial results from surface sampling in Senegal (Sangola) highlight an eight kilometre prospective corridor for hydrothermal mineralisation. Anomalous gold has been identified over an interpreted splay off the Main Transcurrent Fault Zone

Soil sampling in Ghana at Manso Amenfi has detected multiple gold in soil anomalies which are interpreted to be parallel to the gold-bearing Salman and Ayanfuri structures
Dr. Hendrik Schloemann, GoldStone's Exploration Director, commented: "These are the first results received for two of our key exploration properties in Ghana and Senegal. We are very encouraged by the results received to date as they display multiple surface gold anomalies peaking at values above 100 parts per billion ("ppb") gold and occurring over a total strike length of 40 kilometres. Once all data has been collated, we plan to rapidly analyse these anomalies to define trenching targets and to further assess their economic significance."

Sangola Permit - Senegal

A termite mound sampling progamme covering most of the 471 km2 permit area in Eastern Senegal has been completed. A total of 8,150 samples were taken from termite mounds along north-south trending lines to detect any gold mineralisation in the underlying Birimian rocks. The analyses of pathfinder elements has been completed for all samples, however the Company has received gold results for only 2,500 of the 8,150 samples. The results for silver and arsenic clearly confirm the location of the gold-fertile Main Transcurrent Shear Zone ("MTZ") in the permit area. Further to the north-east the same structure controlled the formation of the 3.4 million ounce Massawa gold deposit. The limited number of gold results received to date indicates that gold mineralisation is present at various locations and in one case is associated with secondary structures (splays) along the margin of the MTZ. A full interpretation of the data will be provided once the gold results have been received for all samples.

Manso Amenfi Permit - Ghana

A soil sampling programme covering the central and northern parts of the permit area was completed during April. Samples were collected every 100 metres along north-west trending lines 400 metres apart. Gold assays have been received for all 1,695 samples submitted to the laboratory. The results clearly demonstrate the presence of multiple robust (up to 2.4 g/t gold) and elongated gold in soil anomalies (up to five kilometres in strike). The strikes of the anomalies appear to be parallel to gold-fertile Salman and Ayanfuri structures. The programme also resulted in the discovery of a circular gold in soil anomaly in the south-eastern corner of the Manso Amenfi permit area. The eastern part of this anomaly appears to be within Golden Star's Pampe Permit and is within three kilometres of the Pampe open pit. Follow-up work may include airborne geophysics and multi-element geochemistry in order to rank the discovered anomalies for follow-up soil sampling and trenching.


During the field programme the Company's geologists also located various artisanal gold mining sites in the permit area which seem to be exploiting mainly alluvial deposits. It was, however, noted that the catchment of the stream that hosts the most prominent alluvial mine sites, in the south-western portion of the permit, is completely within the Manso Amenfi permit area. This strongly suggests that the hard-rock gold source of the alluvial deposits also lies within the Manso Amenfi permit area. The soil sampling in the south-western portion of the permit area is still on-going.

Approval

Dr. Hendrik Schloemann, who holds a PhD in Geology, has reviewed and approved the technical content of this announcement.


Enquiries
GoldStone Resources Limited
+27 21 551 9009

Jurie Wessels / Hendrik Schloemann
Westhouse Securities Limited
+44 20 7601 6100

Tim Feather / Matthew Johnson

Jason Robertson
+44 20 3137 1906

Jeremy King
+44 20 3137 1904

Walbrook PR
+44 20 7933 8788

Bob Huxford

About GoldStone Resources

GoldStone Resources is an AIM quoted exploration company based in South Africa with exploration skills that focus on gold in West and Central Africa. The Company's projects are located in Ghana, Senegal and Gabon, and range from grassroots (Sangola in Senegal, Manso Amenfi in Ghana, and Oyem and Ngoutou in Gabon) to advanced exploration (Homase-Akrokerri in Ghana).

Check this baby out. Looks to be a winner to me.


Goldstone reveals high grade results from Homase/Akrokerri
StockMarketWire.com
GoldStone Resources has revealed high grade drill results from the omase/Akrokerri project in Ghana.

All five drill holes intersected significant gold mineralisation and confirmed that the targeted high-grade gold shoot under the northern part of the previously mined Homase open pit extends to a depth of at least 140 metres below the bottom of the dormant pit.

Exploration director Dr. Hendrik Schloemann said: "The intersects achieved during the first part of this drill programme demonstrate that the high grade portion of the gold deposit extends to depth.

"Considering that mining at the nearby Obuasi gold mine in the same geological environment presently extends to almost 2,000 metres depth, the significant grades and widths intersected at Homase/Akrokerri further support our view that we may be able to follow this zone much further down dip.

"Future work will also be directed to locate additional high grade shoots along strike."

GoldStone also said its Ghanaian joint venture partner, Cherry Hill Mining, had received notice from the Minerals Commission of Ghana informing the partnership that the Homase licence has been extended for a further period of 12 months and is now due to expire at the end of July 2012.

At 8:00am: (LON:GRL) GoldStone Resources share price was +0.7p at 7.75p


Story provided by StockMarketWire.com

Drilling Results



Drill hole 11HMRD015 (4.3 metres at 4.9 g/t) intersected the high-grade gold shoot under the northern part of the Homase pit, 175 metres below the base of the pit, while drill hole 11HMRD016 (10.4 metres at 4.4 g/t) intersected the same shoot 215 metres below the base of the pit. Mineralisation was also intersected at 190m below the base of the central part of the pit in drill holes 11HMRD012 and 11HMRD013, results of which are reported in the table below. All four boreholes intersected the mineralisation down-dip of GoldStone's 405,600 ounce JORC compliant gold resource at Homase/Akrokerri and underline the encouraging potential for an upgrade of this resource in the future. The mineralisation at Homase/Akrokerri remains open at depth and along strike.

More good results and at least one extra drilling rig to further drilling.

...................2012 is going to be HUGE for Goldstone....................

They are certainly flagged to be a winner, and the price is little more than half of when it was recommended.

A lot of selling going on in spite of very good news.
A rebound is well overdue.


GoldStone reveals high grade results at Homase/Akrokerri
StockMarketWire.com
West and Central Africa-focused gold explorer GoldStone Resources has revealed high grade drill results from the Homase/Akrokerri project - part of the Ashanti Gold Belt in Ghana.

The intersections include 8.1 metres at 11.1 g/t, 9.7 metres at 6.1 g/t and 4.0 metres at 6.7 g/t.

The results extend the known strike length of the high grade shoot at 200 metres depth under the northern part of the Homase pit from 20 metres to 95 metres.

Exploration director Hendrik Schloemann said: "We are pleased to have extended the known strike extent of the high grade shoot at depth and are encouraged to see that the geometry of the shoot is predictable, the grades are consistently high and that the mineralisation remains open at depth."

At 8:38am: (LON:GRL) GoldStone Resources share price was +0.13p at 5.75p


Story provided by StockMarketWire.com

UPDATE OF THE JORC COMPLIANT GOLD RESOURCE ESTIMATE FOR THE HOMASE/AKROKERRI PROJECT, ASHANTI GOLD BELT, GHANA

The directors of GoldStone are pleased to announce that the Company has received an updated mineral resource estimation ("the Estimate") which is compliant with the Joint Ore Reserves Committee of Australasia (JORC) reporting code, for the Company's Homase/Akrokerri project.

Highlights:

· Homase/Akrokerri gold resource increased to 502,000 ounces

· Overall gold grade increased from 1.42 g/t to 1.74 g/t

· Additional resource update expected based on results of 20 drill holes under the Homase/Akrokerri resource

Hendrik Schloemann, GoldStone's Exploration Director, commented: "We are particularly pleased that the overall grade increased from 1.42 g/t to 1.74 g/t gold and are encouraged to raise the resource above the 500,000 ounce mark. We are also optimistic about the potential for an additional resource update based on 20 completed drill holes not included in this update."

Audio interview with Dr Hendrik Schloemann, Exploration Director
The Homase/Akrokerri gold resource, which was updated using results from 20 additional diamond drill holes completed between April 2012 and July 2012 and extends along a strike length of 4.4 kilometres, is 10.6 million tonnes at an average grade of 1.77 g/t gold, containing 602,000 ounces of gold.

Click the link below to listen:

http://www.brrmedia.co.uk/event/106842/dr-hendrik-schloemann-exploration-director

Despite the flow of positive news, the SP has taken a real beating, along with many others in the exploratory field.

This news might be the trigger to set this stock back in an upward direction.

Joint Venture with Randgold in Senegal
RNS
RNS Number : 7471B
Goldstone Resources Ltd
08 April 2013

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")


Joint Venture with Randgold over Sangola Project, Senegal


GoldStone Resources Ltd (AIM: GRL), the AIM quoted company focused on gold exploration in West and Central Africa, is pleased to announce that the Company has entered into a joint venture agreement with Randgold Resources (Senegal) Limited ("Randgold") over the Sangola gold project in Senegal.

Highlights

· Joint venture with Randgold for the exploration and potential development of a mine at Sangola

· Randgold to fund all costs up to and including the completion of a pre-feasibility study indicating that the mining of at least 1Moz of gold is feasible

· Joint venture to be owned 51% by Randgold and 49% by GoldStone with GoldStone having the election to contribute towards a feasibility study or dilute to 35%

Jurie Wessels, Chief Executive Officer of GoldStone, said: "We are delighted to have entered into this joint venture with our neighbour Randgold, who have an exceptional track record of finding and developing gold projects in West Africa. We are retaining a material interest in the project whilst removing any funding requirement until the project has advanced significantly. We are looking forward to moving ahead at Sangola with our new partners."

Details of the Joint Venture

On 5 April 2013 GoldStone entered into a joint venture agreement with Randgold, a wholly owned subsidiary of FTSE 100-quoted Randgold Resources Limited, in relation to the exploration, evaluation and, potentially, the development and mining of the Sangola project in Senegal (the "Joint Venture"). Randgold will hold 51% of the Joint Venture and GoldStone 49% and a committee comprising three representatives from Randgold and two from GoldStone will manage the project.

Under the terms of the Joint Venture, Randgold has agreed to undertake exploration over the Sangola permit and fund all work up to and including the completion of a pre-feasibility study ("PFS") on the project. The committed work includes the execution of at least 10,000 metres of reverse circulation (or equivalent) drilling per annum up to the completion of a PFS which indicates that mining of at least 1Moz of gold is economically feasible.

Subject to the PFS satisfying this condition, GoldStone will have the option to maintain its 49% interest through funding its share of the costs of a feasibility study (the "FS"). In the event that GoldStone elects not to fund its share of the FS, its interest in the Joint Venture would reduce to 35%. If, following completion of the FS, the decision is taken to develop a mine, GoldStone will have the right to retain its interest through funding its share of the costs.

If the PFS indicates that the mining of at least 1Moz of gold will not be economically and commercially feasible, the Joint Venture will cease to have effect. In addition, Randgold may terminate the Joint Venture at any time by giving GoldStone 90 days' notice.

Background on Sangola

The 471 km² Sangola permit lies in the south-eastern corner of Senegal in a prolific gold province where more than 30 Moz of gold have been discovered in the past 10 years. The Sangola permit area is bisected by a major gold bearing shear zone known as the Main Transcurrent Shear Zone ("MTZ"). This shear zone is host to Randgold's 3 Moz Massawa deposit, which lies 30km towards the north-east of the licence area.


Three major elongated gold-in-soil anomalies, Baraboye, Tiabedji and Tiobo, all of which are associated with underlying structures related to the MTZ, have been identified and explored by the Company. The Thiabedji anomaly was investigated by a 11,350m RAB ("Reverse Air Blast") drilling programme between May and July 2012 and yielded very encouraging results with the recognition of a mineralised trend up to 70 metres wide and 2km in extent. Initial geological interpretation suggests that the mineralisation is controlled by two north-east trending secondary structures splaying off the regional MTZ and indicates a bedrock gold source is likely in the south-western portion of the six kilometre long Thiabedji gold anomaly.

About Randgold

Randgold Resources (Senegal) Limited is a wholly owned subsidiary of Randgold Resources Limited ("RRS"), the FTSE 100 and NASDAQ quoted gold mining and exploration company operating in the prospective gold belts of west and central Africa. The group's strategy is to create value for all its stakeholders through the discovery of multi-million ounce gold deposits and their development into profitable mines.

Major discoveries to date include the 3 Moz Massawa gold deposit in eastern Senegal, the 7.5 Moz Morila gold deposit in southern Mali, the 7 Moz Yalea gold deposit and the 5.5 Moz Gounkoto gold deposit, both in western Mali and the 4 Moz Tongon gold deposit in the Côte d'Ivoire.

RRS operates four gold mines: Morila, Loulo and Gounkoto in Mali and Tongon in Côte d'Ivoire. A fifth mine, Kibali in the Democratic Republic of the Congo ("DRC"), is currently being developed and first gold is scheduled for the end of 2013. The Massawa project in Senegal is at feasibility stage and exploration programmes are underway in Burkina Faso, Côte d'Ivoire, DRC, Mali and Senegal.

Enquiries


GoldStone Resources Limited
+27 21 551 9009

Jurie Wessels


WH Ireland Limited
+44 20 7220 1666

Tim Feather

Nick Field

All buying on Randgold news. The question has to be how far will it run ?

Up so far by 0.27, or nearly 15 5 so far

10 February 2015


GOLDSTONE RESOURCES LIMITED


Operational Update: Homase/Akrokerri Project, Ghana

GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to provide an update of its operations and planned exploration at its Homase/Akrokerri Project ("the Project") in Ghana.

Highlights:

· Completion of a comprehensive internal and peer review of existing geological data

· Potential identified for the discovery of additional oxide resources

· Auger programme to be conducted to identify drill targets, following pitting programme to confirm regolith profiles

· Priority drill targets to be aimed at identifying near-surface oxide-gold resources to augment existing oxide resource of approximately 100,000 oz gold

The Company's geological team has completed a review of all historical and Company exploration data with the aim of defining the potential for further resources within the Homase/Akrokerri Project. The team concluded that significant exploration potential exists in previously under-explored areas of the Project and as a consequence further work has been planned to identify priority areas for further work.

The first step has been to conduct a regolith study to understand which parts of the permit area are overlain by transported sediments and derived soils that may mask gold mineralisation in the underlying rocks. This was initiated by completing a pitting programme at selected points within the Homase and Akrokerri licences. The results from the pitting programme are now being evaluated to provide the Company's operational team with information to undertake a comprehensive auger geochemistry programme. The auger programme will be conducted over specific parts of the licence area that are believed to have the potential to host further resources of oxide-gold material and thus could add to the existing oxide resource of approximately 100,000 oz gold.

The auger programme is planned to commence in early February and will continue for approximately eight weeks. Assay data from the auger programme will then be evaluated in order to define further exploration and drill targets.

Jurie Wessels, GoldStone's Chief Executive Officer, commented: "From a re-evaluation of existing exploration data, the Company's geologists determined that potential exists for the discovery of further gold mineralisation at a number of locations across the project area, particularly in areas where the Homase/Akrokerri resource is likely to continue along the trend identified by the host structural zone. Armed with the results of the auger programme, the Company anticipates being able to identify a number of drill targets, the priority being to locate near-surface oxide material that would be readily accessible and potentially amenable to heap-leach processing. The Company has previously identified a deeper sulphide resource at the Project, but further evaluation of this is not a priority at present."

http://www.moneyam.com/action/news/showArticle?id=4974470

12 March 2015

GOLDSTONE RESOURCES LIMITED

DIRECTORATE CHANGE


GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce the appointment of William Neil Gardyne as a Non-Executive Director with immediate effect.

Mr. Gardyne is a geologist with over 35 years' experience in exploration and mining ventures in Southern Africa and has been involved in managing Private Equity/ Venture Capital funds focusing on early stage exploration and mine development in South Africa for the past 12 years. He has a BSc (Hons) degree in Geology from the University of Kwa-Zulu Natal, and is currently on the advisory board to TSX Venture listed Tembo Gold Corp. and is a Director at Decorum Capital Partners (Pty) Ltd.

http://www.moneyam.com/action/news/showArticle?id=4993968

Nothing new but may be of interest:


Update Q&A With Management-Published on Thursday, 19 February 2015


The Company will publish audited final results and the annual report for the ten months ended 31 December 2014 before 30 June 2015.

CHANGE IN FINANCIAL YEAR END-RNS on 15 January 2015

21 May 2015
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")

Operational Update: Homase/Akrokerri Project, Ghana


GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to provide an update of its operations and planned exploration at its Homase/Akrokerri Project (the "Project") in Ghana. A copy of this announcement, including figure 1, can be found at the following link

http://www.rns-pdf.londonstockexchange.com/rns/8503N_-2015-5-20.pdf

Highlights:

· Auger sampling programme successfully completed over eight high-priority gold targets close to and along strike from the Company's 602,000 ounce Homase/Akrokerri gold deposit

· 1,332 auger holes drilled to a maximum depth of 3m

· Results have indicated two potentially new zones of mineralisation - a 1,500m anomaly at the AK02 prospect, immediately south west and along strike of the Homase/Akrokerri deposit, and an 800m anomaly, the AK04 prospect, that may be an extension of AK02

· Both prospects show immediate promise to host additional bedrock gold mineralisation to potentially add to existing resources

· Close-spaced infill auger sampling is underway to support future definition of drill targets



The Company has recently completed a comprehensive auger geochemistry programme ("the Auger Programme") with the purpose of identifying further drill targets that could potentially add to the Company's existing 602,000 oz Au JORC code compliant resource.



The Auger Program was conducted over eight high-priority gold targets within the Project area thought to be prospective for further gold mineralisation, of which six returned a number of anomalies. The method of augering used by the Company provided its geologists with a sample of Bottom-of-Transported ("BOT") material, which significantly improves the chances of detecting a buried gold deposit. Please refer to figure 1, which is a map showing the prospects over which the Auger Program was conducted. After a thorough review of the results of the Auger Program, the Company will now focus its exploration on two prospects, named AK02 and AK04, both of which returned strongly anomalous results (of gold values between 44 and 244 parts per billion of gold - 0.044 and 0.244 parts per million of gold) and which are positioned along the south-west strike extension of the structural zone that hosts the existing Homase/Akrokerri gold resource. Importantly, both prospects occur over what is interpreted to be a major flexure of the structural zone that hosts the Homase/Akrokerri gold resource to the north-east.



The AK02 auger drilling anomaly can be traced continuously over approximately 1,500m and is contained mostly in proximal colluvium that is interpreted to overlie bedrock gold mineralisation or have travelled a short distance from it. Several anomalous in-situ laterite (a hard, iron-rich soil formed by prolonged chemical weathering in tropical environments) samples of a similar gold tenor in close proximity to this prospect provide additional confidence that gold mineralisation is proximal to these defined auger anomalies. Three lines of historic, shallow reverse circulation ("RC") drilling, completed in 1998 and 1999, are thought to intersect the interpreted AK02 zone locally. Results from the historic RC drilling of 5m @ 1.3 g/t Au from 39m (99AKRC083), 6m @ 1.6 g/t Au from 24m (98AKRC028) and 2m @ 3.1 g/t Au from 21m (98AKRC021) are encouraging. However, the results from the Company's Auger Program suggest that the strongest anomalies have yet to be drilled at depth.



At AK04 the Auger Program also yielded a very consistent east-west gold anomaly over a strike of 800m. The anomaly is, as at AK02, contained in colluvial regolith that is interpreted to be very close to a bedrock gold source. Historic RC drilling was conducted over only 100m strike length of the anomaly with mixed results including 1m @ 8.4 g/t Au from 20m (00AKRC109) and 3m @ 2.3 g/t Au from 40m (00AKRC104).



Additional infill auger sampling will now be conducted before a drilling program can be considered. The program will sample AK02 and AK04 on a 100m x 25m grid. This will provide the Company's geologists with sufficient density of data and confidence of provenance of gold mineralisation to be able to plan a drilling campaign.



Review of the information

The information in this announcement that relates to exploration results, is based on information reviewed by Dr Bob Foster, who is a Fellow of the Institute of Materials, Minerals and Mining and a Chartered Engineer. Dr Foster is a Non-executive Director of the Company and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which the Company is undertaking, to qualify as a competent person in terms of the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Foster consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.



**ENDS**

http://www.moneyam.com/action/news/showArticle?id=5041234

Stratex associate Goldstone identifies new gold zones in Ghana
By Philip Whiterow
May 21 2015

Stratex International‘s (LON:STI) associate Goldstone (LON:GRL) has identified two potentially new gold zones at Homase/Akrokerri in Ghana.

Auger samples from gold targets along-strike and close to the existing 602,000 deposit at Homase/Akrokerri identified the mineralisation.

The two new zones are a 1,500m anomaly at the AK02 prospect, immediately south west of Homase/Akrokerri and an 800m anomaly, AK04, that may be an extension of AK02.

Close-spaced auger samples are now being taken to identify drill targets.

Stratex holds a 33.45% stake in Goldstone.

4 June 2015
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")

Increased interest in the Homase Licence: Homase/Akrokerri Project, Ghana

GoldStone Resources Ltd (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce that the Company has signed an addendum agreement with its Homase joint venture partner, Cherry Hill Mining Company Ltd ("Cherry Hill"), to expedite the increase of the Company's interest in the Homase licence ("Interest") to 90% from its current Interest of 65%.


Under the terms of the original joint venture agreement with Cherry Hill announced 19 October 2009 (the "Agreement"), GoldStone was to earn up to a 90% Interest by meeting certain contractual hurdles, funding exploration and development costs through to the conclusion of a feasibility study, as well as paying certain participation fees to Cherry Hill. The Company and Cherry Hill (together the "Parties") have now agreed an addendum to the Agreement (the "Addendum") whereby GoldStone's current Interest of 65% will increase to 90% on payment of US$25,000 to Cherry Hill.


Jurie Wessels, CEO of GoldStone commented: "In return for US$25,000 the Company is adding attributable mineral resources of 101,750 oz Au and hurdling two significant contractual objectives to attain a 90% interest in the Homase licence, thereby obtaining ownership of 93% of the Homase/Akrokerri mineral resource."

Further information on the Agreement and Addendum

The Addendum simplifies the Agreement and provides a number of benefits to the Company, being:

· The removal of contractual hurdles to earn a 90% Interest, including the requirement of expenditure towards a feasibility study to earn an 85% Interest (estimated as significant), and further development expenditure to earn an additional 5% Interest;

· The removal of the option of Cherry Hill to contribute to development costs and so retain a 15% interest in the licence at their election;

· The removal of the deadline to reach an 85% Interest, previously 18 March 2016, and removal of Cherry Hill being able to sell up to a 25% interest to a third party if the deadline isn't met;

· Added certainty to the Company attaining ownership of an additional attributable mineral resource of 101,750 oz Au; and

· More attractive conditions of the final US$60,000 participation fee to be paid to Cherry Hill, now being on the conclusion of a successful feasibility study, rather than on commencement of expenditure towards a feasibility study, successful or otherwise.


Further exploration and development costs on the Homase licence will be met in full by the Company. Should the Company complete a successful feasibility study, the Parties will negotiate in good faith to agree on the terms and conditions for the buyout of Cherry Hill's remaining 10% interest in the Homase licence. If the Parties cannot agree on the terms and conditions for the buyout of Cherry Hill's interest, Cherry Hill will be entitled to receive a royalty of 2% in exchange for its interest.


Pursuant to Ghanaian law the Government of Ghana is entitled to a 10% free carried interest in any mining ventures, which can be exercised at any time after the granting of a mining lease.


GoldStone is presently conducting an in-fill auger sampling program over the Homase/Akrokerri project, designed to provide the Company's geologists with sufficient density of data and confidence of provenance of gold mineralisation to be able to plan a drilling campaign, with a view to potentially adding to the Company's existing 602,000 oz Au JORC Code complaint resource for the Homase/Akrokerri project. The Homase Licence contributes a total JORC Code compliant resource of 6.83 million tonnes at an average grade of 1.86 g/t Au for 407,000 oz Au to the combined project resource.


**ENDS**

http://www.moneyam.com/action/news/showArticle?id=5050230

Stratex International Plc
('Stratex' or 'the Company')

Goldstone Increases Interest in the Homase Licence: Homase/Akrokerri Project, Ghana

Stratex International Plc, the AIM-quoted exploration and development company, is pleased to announce that Goldstone Resources Limited (“Goldstone”; AIM:GRL), in which the Company holds a 33.45% interest, has signed an addendum agreement (the “Addendum”) to the original joint-venture agreement (the ‘Agreement’) with its Homase partner, Cherry Hill Mining Company Ltd (“Cherry Hill”), to expedite the increase of their interest in the Homase licence. Under the terms of the Addendum, Goldstone’s current interest of 65% in the Homase licence will increase to 90% on payment of US$25,000 to Cherry Hill. The revised Agreement will provide the following benefits to Goldstone:

MORE FROM LINK BELOW:

http://www.stratexinternational.com/news/365