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Goldstone Resources (GRL)
moneyman - 13 Sep 2006 14:38
Just noticed the rise today.
Company website http://www.goldstoneresources.com/
banjomick
- 29 Jun 2016 08:24
- 79 of 124
banjomick
- 30 Jun 2016 09:01
- 80 of 124
30 June 2016
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
DIRECTORATE CHANGES
GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce the appointments of Emma Priestley, current interim Chief Executive Officer, as Executive Director and Chief Executive Officer and Andrew Bell as a Non-executive Director of the Company with immediate effect.
Emma Priestley specialises in Africa and emerging market sectors, developing and advising companies. Emma is currently a director of Stratex International Plc (AIM: STI) as business development and market liaison, in conjunction with which she is an adviser with African Resource Capital focussed on investments on the African Continent. Previously, in this capacity, until its successful takeover, she was an Executive Director of Lonrho Plc, focussing on opportunities in agriculture, infrastructure, logistics, and natural resources, and attracting investors to them, both in equity and structured finance. Emma has worked with GVA Grimley and IMC Mackay & Schnellmann, investment bank CSFB and advisers VSA Resources and Ambrian Partners, where she worked as a corporate broker and financial adviser. Emma is a graduate of Camborne School of Mines, is a chartered Mining Engineer and Chartered Mineral Surveyor.
Andrew Bell began his business career as an investment analyst at Morgan Grenfell & Co Ltd specialising in the mining and oil and gas sectors. After experience as a Far Eastern unit trust manager and pension fund manager at Grieveson Grant & Co and elsewhere, he held various positions in corporate finance and in trading and property development companies. Since 2004, he has served as Executive Chairman of Regency Mines plc (AIM: RGM), since 2005 as Chairman and CEO of Red Rock Resources plc (AIM: RRR) and since 2006 as Chairman of Greatland Gold plc (AIM: GGP).
Goldstone Chairman, Christopher Hall, commented:
"We are very pleased that Emma and Andrew are joining the Goldstone Board and look forward to their input in helping to drive the Company forward as we seek to advance the Company's assets."
The additional information below is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies ("AIM Rules"):
Additional information on Emma Kinder Priestley (aged 43)
Directorships and partnerships currently held or previously held in the last five years by Emma Priestley are as follows:
***More from Link below***
http://www.moneyam.com/action/news/showArticle?id=5369819
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
DIRECTORATE CHANGES
GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce the appointments of Emma Priestley, current interim Chief Executive Officer, as Executive Director and Chief Executive Officer and Andrew Bell as a Non-executive Director of the Company with immediate effect.
Emma Priestley specialises in Africa and emerging market sectors, developing and advising companies. Emma is currently a director of Stratex International Plc (AIM: STI) as business development and market liaison, in conjunction with which she is an adviser with African Resource Capital focussed on investments on the African Continent. Previously, in this capacity, until its successful takeover, she was an Executive Director of Lonrho Plc, focussing on opportunities in agriculture, infrastructure, logistics, and natural resources, and attracting investors to them, both in equity and structured finance. Emma has worked with GVA Grimley and IMC Mackay & Schnellmann, investment bank CSFB and advisers VSA Resources and Ambrian Partners, where she worked as a corporate broker and financial adviser. Emma is a graduate of Camborne School of Mines, is a chartered Mining Engineer and Chartered Mineral Surveyor.
Andrew Bell began his business career as an investment analyst at Morgan Grenfell & Co Ltd specialising in the mining and oil and gas sectors. After experience as a Far Eastern unit trust manager and pension fund manager at Grieveson Grant & Co and elsewhere, he held various positions in corporate finance and in trading and property development companies. Since 2004, he has served as Executive Chairman of Regency Mines plc (AIM: RGM), since 2005 as Chairman and CEO of Red Rock Resources plc (AIM: RRR) and since 2006 as Chairman of Greatland Gold plc (AIM: GGP).
Goldstone Chairman, Christopher Hall, commented:
"We are very pleased that Emma and Andrew are joining the Goldstone Board and look forward to their input in helping to drive the Company forward as we seek to advance the Company's assets."
The additional information below is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies ("AIM Rules"):
Additional information on Emma Kinder Priestley (aged 43)
Directorships and partnerships currently held or previously held in the last five years by Emma Priestley are as follows:
***More from Link below***
http://www.moneyam.com/action/news/showArticle?id=5369819
banjomick
- 12 Jul 2016 12:22
- 81 of 124
12 July 2016
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
NOTICE OF ANNUAL GENERAL MEETING
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce that the Company's Annual General Meeting will be held at 10.00 a.m. on 28 July 2016 at Faegre Baker Daniels LLP, 7 Pilgrim Street, London EC4V 6LB.
The Notice of Annual General Meeting has been posted to shareholders and is available on the Company's website www.goldstoneresources.com.
http://www.moneyam.com/action/news/showArticle?id=5378000
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
NOTICE OF ANNUAL GENERAL MEETING
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce that the Company's Annual General Meeting will be held at 10.00 a.m. on 28 July 2016 at Faegre Baker Daniels LLP, 7 Pilgrim Street, London EC4V 6LB.
The Notice of Annual General Meeting has been posted to shareholders and is available on the Company's website www.goldstoneresources.com.
http://www.moneyam.com/action/news/showArticle?id=5378000
banjomick
- 28 Jul 2016 10:28
- 82 of 124
28 July 2016
GOLDSTONE RESOURCES LIMITED
Conditional £1.0 million Fundraise and Director Change
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce that it has conditionally raised, in aggregate, £1.0 million through a placing and subscription of £0.809 million and the settlement of a loan of £0.191 million (US$0.25 million).
Highlights
· GoldStone has conditionally raised, in aggregate, £1.0 million before expenses through
- the placing and subscription of 32,366,400 new ordinary shares of 1.0p each ("Ordinary Shares") with new and existing investors at a price of 2.5p ("Placing Price") (the "Placing")
- the settlement of Stratex International Plc's ("Stratex") unsecured loan of £0.191 million (US$0.25 million), being the amount drawn down to date, (the "Stratex Loan") into 7,633,600 new Ordinary Shares based on the Placing Price (the "Loan Settlement") (together with the Placing, the "Fundraise")
· Pursuant to the Placing, 9,342,954 new Ordinary Shares will be issued under the Company's existing share authorities and 30,657,046 new Ordinary Shares will be issued under the new share authorities to be sought at the Company's annual general meeting later today ("AGM"). However, if shareholders do not approve the Company's share authorities pursuant to Special Resolution 1 as set out in the notice of the AGM, the Fundraise will not proceed
· The Placing Price represents a discount of approximately 13.0 per cent. to the closing share price of 2.875p on 27 July 2016, being the last day prior to this announcement
· A warrant to subscribe for one new Ordinary Share at a price of 5.0p per share, being a 100 per cent. premium to the Placing Price, will be attached to each new Ordinary Share issued pursuant to the Fundraise (the "Warrants"). The Warrants will vest immediately on issue and are valid for 24 months from the date of Admission. Stratex has undertaken that it will not exercise the Warrants issued to it, if such exercise would result in an obligation to make an offer under Rule 9 of the City Code on Takeovers and Mergers.
· In addition to the Loan Settlement, Stratex has also subscribed for 5,745,464 new Ordinary Shares pursuant to the Placing. On completion of the Fundraise, Stratex will therefore be interested in 34,212,397 Ordinary Shares, representing approximately 33.45 per cent. of the Company's then enlarged share capital
· The proceeds of the Fundraise will enable GoldStone to advance its existing projects, including undertaking reverse circulation ("RC") drilling on its main project, Homase-Akrokerri, assess other strategic opportunities and provide general working capital
Christopher Hall, Non-executive Chairman of GoldStone, said:
"I am very pleased that due to investor demand, Goldstone's planned £850,000 financing was increased to £1.0 million. Our largest shareholder, Stratex, has agreed to settle its loan and subscribed for additional shares as part of the Fundraise in order to maintain its interest. There was support from most other large shareholders and gratifyingly, there was a significant contribution from new investors encouraged by the improving market conditions for junior exploration companies and no doubt following the recent appointment of Emma Priestley as CEO. As a result, the Fundraise provides the Company with a strengthened balance sheet and impetus to advance its projects in Ghana.
With this in mind I have made the decision to step down after almost two years on the GoldStone board, following the conclusion of the Company's AGM. The Company has agreed that, in the interests of all shareholders, Neil Gardyne, the Independent Non-executive Director, will succeed me as Non-executive Chairman."
Background to the Fundraise and use of proceeds
The Company is pleased to announce the Fundraise, which represents an important first step for the Company as it seeks to advance its assets after a period of minimal activity. The net proceeds of the Fundraise will be will used to advance the Company's principal project, Homase-Akrokerri, through the completion of up to 2,000 metres of RC drilling to test the extension of the known mineralisation. In addition, the net proceeds of the Fundraise will also provide the Company with general working capital and an opportunity to assess other strategic opportunities.
In addition, as a result of the Loan Settlement, the Company will have no outstanding borrowings.
Settlement, dealings and total voting rights
Subject to approval of the share authorities at the AGM, application will be made for the admission of 40,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission and dealings in new Ordinary Shares is expected to commence at 8.00 a.m. on 11 August 2016. On Admission, the Company will have 102,286,363 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 102,286,363 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Significant shareholders participation in the Fundraise and related party transactions
Pursuant to the Fundraise, Stratex has agreed to the Loan Settlement and to subscribe for 5,745,464 new Ordinary Shares in the Placing and, accordingly, immediately following Admission it will hold 34,212,397 Ordinary Shares, representing approximately 33.45 per cent. of the Company's enlarged issued share capital.
Metal Tiger plc ("Metal Tiger") has also subscribed for 1,000,000 new Ordinary Shares in the Placing and, accordingly, immediately following Admission it will hold 9,256,586 Ordinary Shares, representing approximately 9.05 per cent. of the Company's enlarged issued share capital.
As Stratex and Metal Tiger each currently holds over 10 per cent. of the Company's issued share capital, their participation in the Fundraise is deemed to be a related party transaction under Rule 13 of the AIM Rules for Companies. The independent director of the Company for the purpose of the Fundraise, being Neil Gardyne, having consulted with the Company's nominated adviser Strand Hanson Limited, consider that the terms of Stratex's and Metal Tiger's participation in the Fundraise are fair and reasonable insofar as GoldStone's shareholders are concerned.
http://www.moneyam.com/action/news/showArticle?id=5387287
GOLDSTONE RESOURCES LIMITED
Conditional £1.0 million Fundraise and Director Change
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce that it has conditionally raised, in aggregate, £1.0 million through a placing and subscription of £0.809 million and the settlement of a loan of £0.191 million (US$0.25 million).
Highlights
· GoldStone has conditionally raised, in aggregate, £1.0 million before expenses through
- the placing and subscription of 32,366,400 new ordinary shares of 1.0p each ("Ordinary Shares") with new and existing investors at a price of 2.5p ("Placing Price") (the "Placing")
- the settlement of Stratex International Plc's ("Stratex") unsecured loan of £0.191 million (US$0.25 million), being the amount drawn down to date, (the "Stratex Loan") into 7,633,600 new Ordinary Shares based on the Placing Price (the "Loan Settlement") (together with the Placing, the "Fundraise")
· Pursuant to the Placing, 9,342,954 new Ordinary Shares will be issued under the Company's existing share authorities and 30,657,046 new Ordinary Shares will be issued under the new share authorities to be sought at the Company's annual general meeting later today ("AGM"). However, if shareholders do not approve the Company's share authorities pursuant to Special Resolution 1 as set out in the notice of the AGM, the Fundraise will not proceed
· The Placing Price represents a discount of approximately 13.0 per cent. to the closing share price of 2.875p on 27 July 2016, being the last day prior to this announcement
· A warrant to subscribe for one new Ordinary Share at a price of 5.0p per share, being a 100 per cent. premium to the Placing Price, will be attached to each new Ordinary Share issued pursuant to the Fundraise (the "Warrants"). The Warrants will vest immediately on issue and are valid for 24 months from the date of Admission. Stratex has undertaken that it will not exercise the Warrants issued to it, if such exercise would result in an obligation to make an offer under Rule 9 of the City Code on Takeovers and Mergers.
· In addition to the Loan Settlement, Stratex has also subscribed for 5,745,464 new Ordinary Shares pursuant to the Placing. On completion of the Fundraise, Stratex will therefore be interested in 34,212,397 Ordinary Shares, representing approximately 33.45 per cent. of the Company's then enlarged share capital
· The proceeds of the Fundraise will enable GoldStone to advance its existing projects, including undertaking reverse circulation ("RC") drilling on its main project, Homase-Akrokerri, assess other strategic opportunities and provide general working capital
Christopher Hall, Non-executive Chairman of GoldStone, said:
"I am very pleased that due to investor demand, Goldstone's planned £850,000 financing was increased to £1.0 million. Our largest shareholder, Stratex, has agreed to settle its loan and subscribed for additional shares as part of the Fundraise in order to maintain its interest. There was support from most other large shareholders and gratifyingly, there was a significant contribution from new investors encouraged by the improving market conditions for junior exploration companies and no doubt following the recent appointment of Emma Priestley as CEO. As a result, the Fundraise provides the Company with a strengthened balance sheet and impetus to advance its projects in Ghana.
With this in mind I have made the decision to step down after almost two years on the GoldStone board, following the conclusion of the Company's AGM. The Company has agreed that, in the interests of all shareholders, Neil Gardyne, the Independent Non-executive Director, will succeed me as Non-executive Chairman."
Background to the Fundraise and use of proceeds
The Company is pleased to announce the Fundraise, which represents an important first step for the Company as it seeks to advance its assets after a period of minimal activity. The net proceeds of the Fundraise will be will used to advance the Company's principal project, Homase-Akrokerri, through the completion of up to 2,000 metres of RC drilling to test the extension of the known mineralisation. In addition, the net proceeds of the Fundraise will also provide the Company with general working capital and an opportunity to assess other strategic opportunities.
In addition, as a result of the Loan Settlement, the Company will have no outstanding borrowings.
Settlement, dealings and total voting rights
Subject to approval of the share authorities at the AGM, application will be made for the admission of 40,000,000 new Ordinary Shares to trading on AIM ("Admission"). Admission and dealings in new Ordinary Shares is expected to commence at 8.00 a.m. on 11 August 2016. On Admission, the Company will have 102,286,363 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 102,286,363 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Significant shareholders participation in the Fundraise and related party transactions
Pursuant to the Fundraise, Stratex has agreed to the Loan Settlement and to subscribe for 5,745,464 new Ordinary Shares in the Placing and, accordingly, immediately following Admission it will hold 34,212,397 Ordinary Shares, representing approximately 33.45 per cent. of the Company's enlarged issued share capital.
Metal Tiger plc ("Metal Tiger") has also subscribed for 1,000,000 new Ordinary Shares in the Placing and, accordingly, immediately following Admission it will hold 9,256,586 Ordinary Shares, representing approximately 9.05 per cent. of the Company's enlarged issued share capital.
As Stratex and Metal Tiger each currently holds over 10 per cent. of the Company's issued share capital, their participation in the Fundraise is deemed to be a related party transaction under Rule 13 of the AIM Rules for Companies. The independent director of the Company for the purpose of the Fundraise, being Neil Gardyne, having consulted with the Company's nominated adviser Strand Hanson Limited, consider that the terms of Stratex's and Metal Tiger's participation in the Fundraise are fair and reasonable insofar as GoldStone's shareholders are concerned.
http://www.moneyam.com/action/news/showArticle?id=5387287
banjomick
- 12 Aug 2016 15:58
- 83 of 124
LSEsharetalk @LseShareTalk · Aug 9
LSEsharetalk Retweeted Regency Mines
LSE Share Talk are in talks with Goldstone Resources #GRL Will update soon
https://twitter.com/LseShareTalk
LSEsharetalk Retweeted Regency Mines
LSE Share Talk are in talks with Goldstone Resources #GRL Will update soon
https://twitter.com/LseShareTalk
banjomick
- 16 Aug 2016 09:02
- 84 of 124
16 August 2016
GOLDSTONE RESOURCES LIMITED
Holding in Company
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that on 15 August 2016 it was notified by Metal Tiger plc that it is now interested in 6,906,586 ordinary shares of 1.0 pence each in the capital of the Company representing approximately 6.75 per cent. of the Company's issued share capital.
http://www.moneyam.com/action/news/showArticle?id=5398646
GOLDSTONE RESOURCES LIMITED
Holding in Company
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that on 15 August 2016 it was notified by Metal Tiger plc that it is now interested in 6,906,586 ordinary shares of 1.0 pence each in the capital of the Company representing approximately 6.75 per cent. of the Company's issued share capital.
http://www.moneyam.com/action/news/showArticle?id=5398646
banjomick
- 17 Aug 2016 11:40
- 85 of 124
MiningMaven @theminingmaven · Aug 16
Emma Priestley, the newly installed CEO of Goldstone Resources (LON:GRL) is our guest on the Podcast today.
Goldstone recently closed a £1m placing, the funds for which will be used to advance the Company's principal project in Ghana, Homase-Akrokerri, through the completion of up to 2,000 metres of RC drilling to test the extension of the known mineralisation.
In addition, the net proceeds of the fundraise will also provide the Company with general working capital and an opportunity to assess other strategic opportunities.
This is the first step for the Company as it seeks to advance its assets after a period of minimal activity.
https://audioboom.com/boos/4938174-miningmaven-podcast-no-40-with-goldstone-resources-lon-grl-ceo-emma-priestley
Emma Priestley, the newly installed CEO of Goldstone Resources (LON:GRL) is our guest on the Podcast today.
Goldstone recently closed a £1m placing, the funds for which will be used to advance the Company's principal project in Ghana, Homase-Akrokerri, through the completion of up to 2,000 metres of RC drilling to test the extension of the known mineralisation.
In addition, the net proceeds of the fundraise will also provide the Company with general working capital and an opportunity to assess other strategic opportunities.
This is the first step for the Company as it seeks to advance its assets after a period of minimal activity.
https://audioboom.com/boos/4938174-miningmaven-podcast-no-40-with-goldstone-resources-lon-grl-ceo-emma-priestley
banjomick
- 19 Aug 2016 11:33
- 86 of 124
19 August 2016
GOLDSTONE RESOURCES LIMITED
Director Dealing
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that on 18 August 2016 it was notified by Andrew Bell, a non-executive director of the Company, that he purchased a total of 154,522 ordinary shares of 1.0 pence each in the capital of the Company ("Ordinary Shares") on the same day at prices between 2.35p and 2.4p. Andrew Bell's total holding in the Company is now 1,351,356 Ordinary Shares representing 1.32 per cent. of the Company's issued share capital.
http://www.moneyam.com/action/news/showArticle?id=5401039
GOLDSTONE RESOURCES LIMITED
Director Dealing
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that on 18 August 2016 it was notified by Andrew Bell, a non-executive director of the Company, that he purchased a total of 154,522 ordinary shares of 1.0 pence each in the capital of the Company ("Ordinary Shares") on the same day at prices between 2.35p and 2.4p. Andrew Bell's total holding in the Company is now 1,351,356 Ordinary Shares representing 1.32 per cent. of the Company's issued share capital.
http://www.moneyam.com/action/news/showArticle?id=5401039
banjomick
- 19 Aug 2016 15:56
- 87 of 124
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
Metal Tiger plc increased from 6,906,586 to 7,606,586 (7.44%) 19/08/16
http://www.moneyam.com/action/news/showArticle?id=5401304
Metal Tiger plc increased from 6,906,586 to 7,606,586 (7.44%) 19/08/16
http://www.moneyam.com/action/news/showArticle?id=5401304
banjomick
- 13 Sep 2016 07:52
- 88 of 124
13 September 2016
GOLDSTONE RESOURCES LIMITED
Operational Update
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to advise that the auger drilling program at the Homase-Akrokerri Project in the highly prospective Birimian-age Ashanti Gold Belt of West Africa has commenced, with 93 of the planned 120 holes drilled to date.
Highlights:
· Two teams mobilised to conduct 120 hole auger programme
- 93 auger holes completed, remaining 27 holes to be completed shortly
· Multi-purpose reverse circulation ("RC")/diamond drill ("DD") rig will shortly be mobilised on site to test the extensions of the current 602,000 ounce delineated JORC resource
- initial program will comprise up to 2,500m of RC drilling
- rig has the capability to undertake deeper drilling if warranted by the initial results
· Homase-Akrokerri lies 10km from the Obuasi Mine, one of the world's major gold mines, with combined historical and current resource of c.42 million ounces identified to date
The 2015 auger drilling programme identified, amongst other targets, a 1,500m gold-in-regolith anomaly at the AK02 prospect on the Akrokerri licence, immediately south west and along strike of the 602,000 ounce JORC resource Homase-Akrokerri deposit. The Akrokerri licence is contiguous with the licences of Anglo Gold Ashanti's Obuasi Mine and the geology within Goldstone's Homase-Akrokerri Project area is interpreted to be similar to that which hosts the Obuasi mineralisation.
The AK02 prospect has been prioritised for the planned RC drilling programme of up to 2,500m, whilst the ongoing auger programme is designed to evaluate areas of ground between the anomalous zones identified in 2015.
The multi-purpose RC/DD rig contracted from Geodrill Limited will be on site shortly and is expected to commence drilling operations towards the end of September.
The DD capability will enable the Company to follow-up on zones of interest identified by the planned RC drilling and to test higher-grade zones of mineralisation beneath the existing resource.
http://www.moneyam.com/action/news/showArticle?id=5413537
GOLDSTONE RESOURCES LIMITED
Operational Update
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to advise that the auger drilling program at the Homase-Akrokerri Project in the highly prospective Birimian-age Ashanti Gold Belt of West Africa has commenced, with 93 of the planned 120 holes drilled to date.
Highlights:
· Two teams mobilised to conduct 120 hole auger programme
- 93 auger holes completed, remaining 27 holes to be completed shortly
· Multi-purpose reverse circulation ("RC")/diamond drill ("DD") rig will shortly be mobilised on site to test the extensions of the current 602,000 ounce delineated JORC resource
- initial program will comprise up to 2,500m of RC drilling
- rig has the capability to undertake deeper drilling if warranted by the initial results
· Homase-Akrokerri lies 10km from the Obuasi Mine, one of the world's major gold mines, with combined historical and current resource of c.42 million ounces identified to date
The 2015 auger drilling programme identified, amongst other targets, a 1,500m gold-in-regolith anomaly at the AK02 prospect on the Akrokerri licence, immediately south west and along strike of the 602,000 ounce JORC resource Homase-Akrokerri deposit. The Akrokerri licence is contiguous with the licences of Anglo Gold Ashanti's Obuasi Mine and the geology within Goldstone's Homase-Akrokerri Project area is interpreted to be similar to that which hosts the Obuasi mineralisation.
The AK02 prospect has been prioritised for the planned RC drilling programme of up to 2,500m, whilst the ongoing auger programme is designed to evaluate areas of ground between the anomalous zones identified in 2015.
The multi-purpose RC/DD rig contracted from Geodrill Limited will be on site shortly and is expected to commence drilling operations towards the end of September.
The DD capability will enable the Company to follow-up on zones of interest identified by the planned RC drilling and to test higher-grade zones of mineralisation beneath the existing resource.
http://www.moneyam.com/action/news/showArticle?id=5413537
banjomick
- 19 Sep 2016 09:32
- 89 of 124
19 September 2016
GOLDSTONE RESOURCES LIMITED
Interim Results for the six months ended 30 June 2016
GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce its interim results for the six month period ended 30 June 2016.
Chairman's Statement
It is with pleasure that I present the interim results for GoldStone as Chairman of the Board. I am pleased to report that following the completion of the fundraise in July and with our new CEO, Emma Priestley, firmly in the driving seat, we are confident that we will be able to add value to the Company for the benefit of all shareholders.
Post the period end we raised, in aggregate, £1.0 million (approximately US$1.3 million) through the placing announced on 28 July 2016, and I am pleased to say that the majority of the funds raised came from existing shareholders who demonstrated their support in the Company and its management. The fundraise was to provide, inter alia, funding to advance the Company's principal project, Homase-Akrokerri in Ghana, and we have now completed the 120 hole auger-drilling program and expect to mobilise shortly a multi-purpose reverse circulation ("RC") and diamond drill ("DD") rig to follow up on the extensions to known mineralisation within the Akrokerri licence as identified by the 2015 auger programme.
I do believe that we are finally seeing the bottom of the commodity cycle at last and there is a palpable confidence and enthusiasm in the junior mining sector, which has not been there for the past five years or so. GoldStone is well placed to take advantage of this and we are already seeing a number of opportunities being presented to us, which we will continue to review and assess going forward. Our focus, however, will initially be on adding to the resources we already have in Ghana.
I would like to thank Christopher Hall for the efforts he put into Goldstone during his tenure as Chairman, and we wish him well with his focus now as Chairman of Stratex International Plc, our major shareholder.
I look forward to being able to update you on the results of the recently completed auger and the planned RC/DD drilling programme at Homase-Akrokerri as they become available, and will undertake to keep you and the market fully informed about our progress.
Neil Gardyne
Chairman
Chief Executive Officer's Report
PRINCIPAL ACTIVITIES
The principal activities of the Company during and post the period were focused on concluding essential corporate administrative issues and in recent months the Company has undertaken the successful fundraise of £1.0 million (approximately US$1.3 million) and the recommencing of exploration activities at the Company's principal project, Homase-Akrokerri, in Ghana.
REVIEW OF OPERATIONS
The Company continued to focus its activities on its two key licences in Ghana, namely Homase and Akrokerri. A well-structured programme of early works was undertaken, including rehabilitation of the site access roads, locating and pegging the drill site locations for the auger and RC/DD programmes, crop compensation negotiations, site clearing and procurement of elements for the refurbishment to the camp and certain items of mobile equipment. The Company also continues to be engaged with the local community with the restoration works to the Krodia and Adubriem Schools and the proposed outgrowers scheme involving the local community.
Homase-Akrokerri Licences - Ghana
The Group owns a 90 per cent. interest in the Homase licence and 100 per cent. of the Akrokerri licence. The local 10 per cent. partner in the Homase licence is supportive of the Company's plans.
The 2015 auger drilling programme identified, amongst other targets, a 1,500m gold-in-regolith anomaly at the AK02 prospect on the Akrokerri licence, immediately south-west and along strike of the 602,000 ounce Homase-Akrokerri JORC resource. The Homase-Akrokerri deposit is contiguous with Anglo Gold Ashanti's Obuasi Mine and the geology within Goldstone's Homase-Akrokerri Project is interpreted to be similar to that which hosts the Obuasi mineralisation.
The AK02 prospect has been prioritised for the planned RC drilling programme of up to 2,500m, whilst the auger programme has been designed to evaluate areas of ground between the anomalous zones identified in 2015.
The 120 hole auger programme has now been completed and the multi-purpose RC/DD drill rig is expected to be mobilised on site shortly with drilling expected to commence towards the end of September.
The rig also has the capability to undertake deeper drilling if warranted by the initial results and the DD capability will enable the Company to follow-up on zones of interest identified by the planned RC drilling and to test higher-grade zones of mineralisation beneath the existing resource. These zones have previously been identified as a result of exploration and drill programmes completed over the last 10 years.
Elsewhere in Ghana, minimal work has been undertaken at the Manso Amenfi project.
Gabon and Senegal
The Company continues to identify potential corporate deals for these licences in order to extract their underlying value without actively pursuing significant exploration work ourselves. This may take the form of joint ventures, disposals or other corporate restructuring.
Emma Priestley
Chief Executive Officer
http://www.moneyam.com/action/news/showArticle?id=5416747
GOLDSTONE RESOURCES LIMITED
Interim Results for the six months ended 30 June 2016
GoldStone (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce its interim results for the six month period ended 30 June 2016.
Chairman's Statement
It is with pleasure that I present the interim results for GoldStone as Chairman of the Board. I am pleased to report that following the completion of the fundraise in July and with our new CEO, Emma Priestley, firmly in the driving seat, we are confident that we will be able to add value to the Company for the benefit of all shareholders.
Post the period end we raised, in aggregate, £1.0 million (approximately US$1.3 million) through the placing announced on 28 July 2016, and I am pleased to say that the majority of the funds raised came from existing shareholders who demonstrated their support in the Company and its management. The fundraise was to provide, inter alia, funding to advance the Company's principal project, Homase-Akrokerri in Ghana, and we have now completed the 120 hole auger-drilling program and expect to mobilise shortly a multi-purpose reverse circulation ("RC") and diamond drill ("DD") rig to follow up on the extensions to known mineralisation within the Akrokerri licence as identified by the 2015 auger programme.
I do believe that we are finally seeing the bottom of the commodity cycle at last and there is a palpable confidence and enthusiasm in the junior mining sector, which has not been there for the past five years or so. GoldStone is well placed to take advantage of this and we are already seeing a number of opportunities being presented to us, which we will continue to review and assess going forward. Our focus, however, will initially be on adding to the resources we already have in Ghana.
I would like to thank Christopher Hall for the efforts he put into Goldstone during his tenure as Chairman, and we wish him well with his focus now as Chairman of Stratex International Plc, our major shareholder.
I look forward to being able to update you on the results of the recently completed auger and the planned RC/DD drilling programme at Homase-Akrokerri as they become available, and will undertake to keep you and the market fully informed about our progress.
Neil Gardyne
Chairman
Chief Executive Officer's Report
PRINCIPAL ACTIVITIES
The principal activities of the Company during and post the period were focused on concluding essential corporate administrative issues and in recent months the Company has undertaken the successful fundraise of £1.0 million (approximately US$1.3 million) and the recommencing of exploration activities at the Company's principal project, Homase-Akrokerri, in Ghana.
REVIEW OF OPERATIONS
The Company continued to focus its activities on its two key licences in Ghana, namely Homase and Akrokerri. A well-structured programme of early works was undertaken, including rehabilitation of the site access roads, locating and pegging the drill site locations for the auger and RC/DD programmes, crop compensation negotiations, site clearing and procurement of elements for the refurbishment to the camp and certain items of mobile equipment. The Company also continues to be engaged with the local community with the restoration works to the Krodia and Adubriem Schools and the proposed outgrowers scheme involving the local community.
Homase-Akrokerri Licences - Ghana
The Group owns a 90 per cent. interest in the Homase licence and 100 per cent. of the Akrokerri licence. The local 10 per cent. partner in the Homase licence is supportive of the Company's plans.
The 2015 auger drilling programme identified, amongst other targets, a 1,500m gold-in-regolith anomaly at the AK02 prospect on the Akrokerri licence, immediately south-west and along strike of the 602,000 ounce Homase-Akrokerri JORC resource. The Homase-Akrokerri deposit is contiguous with Anglo Gold Ashanti's Obuasi Mine and the geology within Goldstone's Homase-Akrokerri Project is interpreted to be similar to that which hosts the Obuasi mineralisation.
The AK02 prospect has been prioritised for the planned RC drilling programme of up to 2,500m, whilst the auger programme has been designed to evaluate areas of ground between the anomalous zones identified in 2015.
The 120 hole auger programme has now been completed and the multi-purpose RC/DD drill rig is expected to be mobilised on site shortly with drilling expected to commence towards the end of September.
The rig also has the capability to undertake deeper drilling if warranted by the initial results and the DD capability will enable the Company to follow-up on zones of interest identified by the planned RC drilling and to test higher-grade zones of mineralisation beneath the existing resource. These zones have previously been identified as a result of exploration and drill programmes completed over the last 10 years.
Elsewhere in Ghana, minimal work has been undertaken at the Manso Amenfi project.
Gabon and Senegal
The Company continues to identify potential corporate deals for these licences in order to extract their underlying value without actively pursuing significant exploration work ourselves. This may take the form of joint ventures, disposals or other corporate restructuring.
Emma Priestley
Chief Executive Officer
http://www.moneyam.com/action/news/showArticle?id=5416747
banjomick
- 19 Sep 2016 13:02
- 90 of 124
Missed the other RNS:
19 September 2016
GOLDSTONE RESOURCES LIMITED
Board Changes
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Richard Lloyd as an Independent Non-Executive Director of the Company with immediate effect.
Richard Lloyd is currently Head of Business Development for Global Metals and Mining at Price Forbes & Partners Limited. Prior to joining Price Forbes, Richard was a Director in the Resources, Energy Infrastructure team at ANZ London having joined from Commerzbank AG. Richard has also held positions at Dresdner Kleinwort, Financial Security Assurance UK Ltd and Standard Bank. Before entering the financial services sector to work with natural resource companies, Richard began his career as a geologist, having worked on projects in Indonesia, Malaysia, Peru and Zimbabwe, as well as deep level gold mining with Anglogold in South Africa. Richard holds a BSc (Hons) in Mining Geology and A.R.S.M and an M.Sc. in Mineral Deposit Appraisal from the Royal School of Mines at Imperial College London
In addition, the Company announces that Andrew Bell, a non-executive director of the Company, has resigned as a director of the Company with immediate effect to focus on his other business interests. The Board would like to thank Andrew for his contribution and support over a period of transition and the Company is now on a stronger footing having completed the recent fundraise and re-commenced exploration activity at the Homase-Akrokerri Project. The Board would like to thank him for his contribution and wish him well in his future endeavours.
The following information is required to be disclosed pursuant to Schedule Two, paragraph (g) and Rule 17 of the AIM Rules for Companies.
Additional information on Richard Andrew Lloyd (aged 44)
Directorships and partnerships currently held or previously held in the last five years by Richard Lloyd are as follows:
Current
Previous five years-Envirotechniks Limited
http://www.moneyam.com/action/news/showArticle?id=5416821
19 September 2016
GOLDSTONE RESOURCES LIMITED
Board Changes
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Richard Lloyd as an Independent Non-Executive Director of the Company with immediate effect.
Richard Lloyd is currently Head of Business Development for Global Metals and Mining at Price Forbes & Partners Limited. Prior to joining Price Forbes, Richard was a Director in the Resources, Energy Infrastructure team at ANZ London having joined from Commerzbank AG. Richard has also held positions at Dresdner Kleinwort, Financial Security Assurance UK Ltd and Standard Bank. Before entering the financial services sector to work with natural resource companies, Richard began his career as a geologist, having worked on projects in Indonesia, Malaysia, Peru and Zimbabwe, as well as deep level gold mining with Anglogold in South Africa. Richard holds a BSc (Hons) in Mining Geology and A.R.S.M and an M.Sc. in Mineral Deposit Appraisal from the Royal School of Mines at Imperial College London
In addition, the Company announces that Andrew Bell, a non-executive director of the Company, has resigned as a director of the Company with immediate effect to focus on his other business interests. The Board would like to thank Andrew for his contribution and support over a period of transition and the Company is now on a stronger footing having completed the recent fundraise and re-commenced exploration activity at the Homase-Akrokerri Project. The Board would like to thank him for his contribution and wish him well in his future endeavours.
The following information is required to be disclosed pursuant to Schedule Two, paragraph (g) and Rule 17 of the AIM Rules for Companies.
Additional information on Richard Andrew Lloyd (aged 44)
Directorships and partnerships currently held or previously held in the last five years by Richard Lloyd are as follows:
Current
Previous five years-Envirotechniks Limited
http://www.moneyam.com/action/news/showArticle?id=5416821
banjomick
- 13 Oct 2016 11:01
- 91 of 124
13 October 2016
GOLDSTONE RESOURCES LIMITED
Claim by former director and employee of the Company
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that it has been made aware that a former director and employee of the Company has made a claim in The Labour Court of South Africa for certain sums relating to the termination of his employment. The sum being sought would represent a significant proportion of the Company's current cash resources.
The Company is considering the claim with its legal advisers and intends to robustly defend the claim and will make further announcements as and when appropriate.
http://www.moneyam.com/action/news/showArticle?id=5431408
GOLDSTONE RESOURCES LIMITED
Claim by former director and employee of the Company
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that it has been made aware that a former director and employee of the Company has made a claim in The Labour Court of South Africa for certain sums relating to the termination of his employment. The sum being sought would represent a significant proportion of the Company's current cash resources.
The Company is considering the claim with its legal advisers and intends to robustly defend the claim and will make further announcements as and when appropriate.
http://www.moneyam.com/action/news/showArticle?id=5431408
banjomick
- 20 Oct 2016 10:06
- 92 of 124
20 October 2016
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Technical Agreement with Stratex
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to advise that it has entered into an agreement with Stratex International Plc ("Stratex"), pursuant to which Stratex will provide technical services, including but not limited to exploration and mining services, to GoldStone to support the Company's exploration activities (the "Technical Agreement"). Pursuant to the Technical Agreement, the Company will pay a monthly fee of £1,750 plus VAT to Stratex as well as a further fee in respect of any specific work streams, including but not limited to project management and analysis of results from exploration programmes.
As Stratex currently holds over 10 per cent. of the Company's issued share capital and is accordingly a substantial shareholder pursuant to the AIM Rules for Companies ("AIM Rules"), the Technical Agreement is deemed to be a related party transaction under Rule 13 of the AIM Rules. The independent directors of the Company, being Neil Gardyne and Richard Lloyd, having consulted with the Company's nominated adviser Strand Hanson Limited, consider that the terms of the Technical Agreement are fair and reasonable insofar as GoldStone's shareholders are concerned.
http://www.moneyam.com/action/news/showArticle?id=5434960
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Technical Agreement with Stratex
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to advise that it has entered into an agreement with Stratex International Plc ("Stratex"), pursuant to which Stratex will provide technical services, including but not limited to exploration and mining services, to GoldStone to support the Company's exploration activities (the "Technical Agreement"). Pursuant to the Technical Agreement, the Company will pay a monthly fee of £1,750 plus VAT to Stratex as well as a further fee in respect of any specific work streams, including but not limited to project management and analysis of results from exploration programmes.
As Stratex currently holds over 10 per cent. of the Company's issued share capital and is accordingly a substantial shareholder pursuant to the AIM Rules for Companies ("AIM Rules"), the Technical Agreement is deemed to be a related party transaction under Rule 13 of the AIM Rules. The independent directors of the Company, being Neil Gardyne and Richard Lloyd, having consulted with the Company's nominated adviser Strand Hanson Limited, consider that the terms of the Technical Agreement are fair and reasonable insofar as GoldStone's shareholders are concerned.
http://www.moneyam.com/action/news/showArticle?id=5434960
banjomick
- 11 Nov 2016 10:18
- 93 of 124
Please click or or paste the following link into your web browser to view the announcement below with images: http://www.rns-pdf.londonstockexchange.com/rns/9242O_-2016-11-10.pdf 11 November 2016
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Update on exploration of the Akrokerri licence area, Ghana
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to provide an update on the recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation ("RC") drilling of the AK02 prospect, located immediately south west and along strike of the Homase/Akrokerri deposit and within the Akrokerri licence.
Highlights
· RC drilling of a 750 metre-long gold-enriched saprolite zone identified within the AK02 prospect by the 2015 auger drilling programme confirmed mineralization at depth and returned significant intersections of 14 metres @ 1.18 g/t gold ("Au") and 8 metres @ 1.88 g/t Au
· A 120 hole infill auger programme defined a new 1,250 metre x 350 metre zone of gold enrichment in saprolite located approximately 100-200 metres east of the 2015 auger anomaly
· Geological interpretation of the 2016 auger and RC drilling indicates that the complex structural zone between Homase and AngloGold Ashanti's Obuasi Mine is prospective and that the south-western extension of the main Homase mineralized zone has been offset 200 metres eastward by faulting
· RC drilling of the southern part of the previously identified Homase-Akrokerri resource zone confirmed continuity of the zone but limited potential for identifying additional oxide resource
· Diamond drilling, targeting vertical depths of 200-300 metres, commenced to evaluate high-grade ore shoots beneath the known Homase oxide resource.
Neil Gardyne, Non-Executive Chairman, commented: "This phase of exploration, focused on the Akrokerri licence that straddles the linking structural zone between the Homase resource and the world-class Obuasi Mine, has demonstrated significant potential in terms of the deeper RC drilling of the target area identified in 2015 and also the identification of parallel zones of gold enrichment in saprolite resulting from the 2016 programme. These results and the juxtaposition of Akrokerri with Obuasi provide considerable encouragement to undertake further exploration in this area.
"In the meantime we have also commenced a preliminary programme of diamond drilling to probe the strike extensions of some of the deeper and higher-grade sulphide ore shoots previously identified within the known Homase 602,000 oz gold JORC-compliant resource.
"By focusing on adding to the oxide resource and also evaluating the deeper sulphide resource, we are looking to upgrade the total resource base and thus provide various options for exploiting both oxide and sulphide ores, a key corporate objective given the recovering gold price."
Further Details ***See Link Below***
http://www.moneyam.com/action/news/showArticle?id=5447388
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Update on exploration of the Akrokerri licence area, Ghana
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to provide an update on the recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation ("RC") drilling of the AK02 prospect, located immediately south west and along strike of the Homase/Akrokerri deposit and within the Akrokerri licence.
Highlights
· RC drilling of a 750 metre-long gold-enriched saprolite zone identified within the AK02 prospect by the 2015 auger drilling programme confirmed mineralization at depth and returned significant intersections of 14 metres @ 1.18 g/t gold ("Au") and 8 metres @ 1.88 g/t Au
· A 120 hole infill auger programme defined a new 1,250 metre x 350 metre zone of gold enrichment in saprolite located approximately 100-200 metres east of the 2015 auger anomaly
· Geological interpretation of the 2016 auger and RC drilling indicates that the complex structural zone between Homase and AngloGold Ashanti's Obuasi Mine is prospective and that the south-western extension of the main Homase mineralized zone has been offset 200 metres eastward by faulting
· RC drilling of the southern part of the previously identified Homase-Akrokerri resource zone confirmed continuity of the zone but limited potential for identifying additional oxide resource
· Diamond drilling, targeting vertical depths of 200-300 metres, commenced to evaluate high-grade ore shoots beneath the known Homase oxide resource.
Neil Gardyne, Non-Executive Chairman, commented: "This phase of exploration, focused on the Akrokerri licence that straddles the linking structural zone between the Homase resource and the world-class Obuasi Mine, has demonstrated significant potential in terms of the deeper RC drilling of the target area identified in 2015 and also the identification of parallel zones of gold enrichment in saprolite resulting from the 2016 programme. These results and the juxtaposition of Akrokerri with Obuasi provide considerable encouragement to undertake further exploration in this area.
"In the meantime we have also commenced a preliminary programme of diamond drilling to probe the strike extensions of some of the deeper and higher-grade sulphide ore shoots previously identified within the known Homase 602,000 oz gold JORC-compliant resource.
"By focusing on adding to the oxide resource and also evaluating the deeper sulphide resource, we are looking to upgrade the total resource base and thus provide various options for exploiting both oxide and sulphide ores, a key corporate objective given the recovering gold price."
Further Details ***See Link Below***
http://www.moneyam.com/action/news/showArticle?id=5447388
banjomick
- 29 Nov 2016 12:03
- 94 of 124
29 November 2016
GOLDSTONE RESOURCES LIMITED
Update on Drilling Programme for the Homase licence area, Ghana
GoldStone Resources Limited (AIM: GRL), the West and Central Africa-focused gold exploration company quoted on AIM, is pleased to announce that the first-phase diamond drilling programme (three holes totalling 797 metres) on the Homase licence to explore the strike extensions of known ore shoots beneath the open pits that exploited higher-grade oxide material in 2001/02, has now been completed.
Initial examination of core indicates encouraging signs of gold mineralisation and the Company is awaiting assay results from the laboratory. However, until the assays are received, no specific value, if any, can be attributed to these initial observations nor can it be determined at this stage whether the results will add to the existing JORC-compliant resource for Homase-Akrokerri of 602,000 oz gold. The Company will provide an update as soon as the data becomes available.
http://www.moneyam.com/action/news/showArticle?id=5456150
GOLDSTONE RESOURCES LIMITED
Update on Drilling Programme for the Homase licence area, Ghana
GoldStone Resources Limited (AIM: GRL), the West and Central Africa-focused gold exploration company quoted on AIM, is pleased to announce that the first-phase diamond drilling programme (three holes totalling 797 metres) on the Homase licence to explore the strike extensions of known ore shoots beneath the open pits that exploited higher-grade oxide material in 2001/02, has now been completed.
Initial examination of core indicates encouraging signs of gold mineralisation and the Company is awaiting assay results from the laboratory. However, until the assays are received, no specific value, if any, can be attributed to these initial observations nor can it be determined at this stage whether the results will add to the existing JORC-compliant resource for Homase-Akrokerri of 602,000 oz gold. The Company will provide an update as soon as the data becomes available.
http://www.moneyam.com/action/news/showArticle?id=5456150
banjomick
- 20 Jan 2017 09:48
- 95 of 124
hmmmm!
banjomick
- 26 Jan 2017 08:32
- 96 of 124
Please click or paste the following link into your web browser to view the announcement below with images:
http://www.rns-pdf.londonstockexchange.com/rns/1368V_1-2017-1-25.pdf
26 January 2017
GOLDSTONE RESOURCES LIMITED
Update on diamond drilling at Homase, Ghana
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold exploration in Central and West Africa, is pleased to provide results of the recently completed diamond drilling programme at the Homase project in Ghana that targeted the deeper and higher grade sulphide ore shoots beneath the Homase oxide resource and the historical open pit previously exploited by AngloGold Ashanti in 2002/2003.
Highlights
· Results for the three diamond drill-holes have returned very encouraging results
- 16HMDD-0001: 21.3 metres @ 1.98 g/t from 143.4 metres, including 7.4 metres @ 3.37g/t from 155.2 metres
- 16HMDD-0002: 23.3 metres @ 1.39 g/t from 170 metres, including 6 metres @ 4.44g/t from 187.3 metres and 3 metres @ 8.21g/t from 190.3 metres
- 16HMDD-0003:14.7 metres @ 0.83 g/t from 174.5 metres, including 3.30 metres @ 2.0g/t from 185.9 metres
- 16HMDD-0003: 6.1 metres @ 3.31 g/t from 248.5 metres
· The drilling confirmed continuity of the mineralised zone to vertical depths of between 120 metres and 180 metres beneath the base of the historic open pit
· The deeper intersection from the third hole suggests a potential for identifying parallel orebodies within the major structural corridor
· The Company's immediate focus is to identify additional resources within the upper zones of the Homase mineralised corridor to facilitate near-term planning for exploitation
Neil Gardyne, Chairman, commented: "This three-hole drilling programme on the Homase licence has produced encouraging results by starting the process of targeting 'information gaps' within the existing resource. These results provide important insights to the controls on the mineralisation as well as confirming continuity of the mineralised zone. Importantly, they will allow us to plan further drilling with a view to adding to the existing resource, whilst at the same time improving confidence levels in the categorisation of the existing 0.62 million ounce JORC Code compliant resource. Although there is little doubt that the ore shoots continue to greater depths, our focus will be on identifying resources at depths that can exploited in the foreseeable future."
Further Details
The three-hole diamond drill programme, totalling 797 metres and completed on 29 November 2016, was designed to provide new information on the depth- and strike-continuity of the Homase-Akrokerri mineralised zone beneath the known Homase oxide resource and the area previously exploited by AngloGold Ashanti for oxide material, which lies within the Homase licence. The steeply NW-dipping mineralised zone occupies a major NE-trending structural corridor 10-15 km north-east of the multiple ore zones that comprise the Obuasi Mine, one of the World's largest gold deposits with a combined production and resource base of >70 million ounces of gold.
The three holes were inclined at 60o, 65o and 65o respectively towards 115o and targeted the mineralised zone at vertical depths of at least 100 metres beneath the base of the open pit. All three holes intersected significant widths of sulphide mineralisation, thus confirming the continuity of the zone with depth.
Fig. 1. Location of the three diamond drillholes at Homase
(Please see link at top of announcement for the image)
Significant intersections >0.3 g/t Au are summarised in Table 1.
Table 1. 2016 Diamond drilling: significant intersections >0.3 g/t Au*
Drillholes 1 and 2 intersected the main mineralised zone at approximately 120 metres and 150 metres below the base of the Homase open pit respectively and returned relatively high-grade central zones within wide lower-grade envelopes. The third hole intersected a wide low-grade zone of mineralisation that appears to correlate with the down-dip projection of the mineralised zone; it also intersected a higher-grade footwall zone that may be indicative of a parallel zone of interest.
The results from the first two holes provide significant encouragement to undertake additional drilling along the north-east extension of the mineralised zone beyond the existing open pit with a view to adding to the existing resource base. A systematic evaluation of the third hole is necessary to determine the potential for adding to the resource beyond the south-western limit of the open pit but the presence of the higher-grade footwall intersection is very encouraging and not unexpected in the wide and complex structural corridor that hosts the mineralisation.
A detailed understanding of the controls of the ore shoots at Homase and Akrokerri is critical to the planning of further exploration and resource drilling. Structurally and lithologically controlled ore shoots at Obuasi extend to vertical depths of more than 1,500 metres and the Company believes there is a reasonable potential that the ore shoots at Homase-Akrokerri will also have significant depth continuity.
However, the Company's immediate focus is to identify additional resources within the upper zones of the mineralised corridor through, subject to funding, further drilling to firstly add to and secondly to improve the categorisation of the existing JORC Code compliant resource for Homase to facilitate near-term planning for exploitation.
Sampling, assaying, and QA/QC
GoldStone's sampling of drill core, and other geological materials conforms to industry-wide good practise. The Company maintains QA/QC on all analytical work via the use of certified reference materials, field duplicates, and blank samples in addition to monitoring of internal laboratory check-analyses. Chain of custody is observed for all samples. Determination of gold, by fire assay of 50g sub-samples and atomic absorption finish, was undertaken by ALS Minerals Limited in Kumasi, Ghana.
Information in this announcement is based on information compiled and reviewed by Issouf Ouedraogo, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Ouedraogo has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Ouedraogo consents to the release of this information in the form and context in which it appears.
Mr Ouedraogo is an employee of Stratex International Plc, an AIM quoted company that has a 33.45% equity stake in GoldStone. He provides geological support to GoldStone via the technical agreement between the two companies announced on 20 October 2016.
http://www.moneyam.com/action/news/showArticle?id=5485600
http://www.rns-pdf.londonstockexchange.com/rns/1368V_1-2017-1-25.pdf
26 January 2017
GOLDSTONE RESOURCES LIMITED
Update on diamond drilling at Homase, Ghana
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold exploration in Central and West Africa, is pleased to provide results of the recently completed diamond drilling programme at the Homase project in Ghana that targeted the deeper and higher grade sulphide ore shoots beneath the Homase oxide resource and the historical open pit previously exploited by AngloGold Ashanti in 2002/2003.
Highlights
· Results for the three diamond drill-holes have returned very encouraging results
- 16HMDD-0001: 21.3 metres @ 1.98 g/t from 143.4 metres, including 7.4 metres @ 3.37g/t from 155.2 metres
- 16HMDD-0002: 23.3 metres @ 1.39 g/t from 170 metres, including 6 metres @ 4.44g/t from 187.3 metres and 3 metres @ 8.21g/t from 190.3 metres
- 16HMDD-0003:14.7 metres @ 0.83 g/t from 174.5 metres, including 3.30 metres @ 2.0g/t from 185.9 metres
- 16HMDD-0003: 6.1 metres @ 3.31 g/t from 248.5 metres
· The drilling confirmed continuity of the mineralised zone to vertical depths of between 120 metres and 180 metres beneath the base of the historic open pit
· The deeper intersection from the third hole suggests a potential for identifying parallel orebodies within the major structural corridor
· The Company's immediate focus is to identify additional resources within the upper zones of the Homase mineralised corridor to facilitate near-term planning for exploitation
Neil Gardyne, Chairman, commented: "This three-hole drilling programme on the Homase licence has produced encouraging results by starting the process of targeting 'information gaps' within the existing resource. These results provide important insights to the controls on the mineralisation as well as confirming continuity of the mineralised zone. Importantly, they will allow us to plan further drilling with a view to adding to the existing resource, whilst at the same time improving confidence levels in the categorisation of the existing 0.62 million ounce JORC Code compliant resource. Although there is little doubt that the ore shoots continue to greater depths, our focus will be on identifying resources at depths that can exploited in the foreseeable future."
Further Details
The three-hole diamond drill programme, totalling 797 metres and completed on 29 November 2016, was designed to provide new information on the depth- and strike-continuity of the Homase-Akrokerri mineralised zone beneath the known Homase oxide resource and the area previously exploited by AngloGold Ashanti for oxide material, which lies within the Homase licence. The steeply NW-dipping mineralised zone occupies a major NE-trending structural corridor 10-15 km north-east of the multiple ore zones that comprise the Obuasi Mine, one of the World's largest gold deposits with a combined production and resource base of >70 million ounces of gold.
The three holes were inclined at 60o, 65o and 65o respectively towards 115o and targeted the mineralised zone at vertical depths of at least 100 metres beneath the base of the open pit. All three holes intersected significant widths of sulphide mineralisation, thus confirming the continuity of the zone with depth.
Fig. 1. Location of the three diamond drillholes at Homase
(Please see link at top of announcement for the image)
Significant intersections >0.3 g/t Au are summarised in Table 1.
Table 1. 2016 Diamond drilling: significant intersections >0.3 g/t Au*
Drillholes 1 and 2 intersected the main mineralised zone at approximately 120 metres and 150 metres below the base of the Homase open pit respectively and returned relatively high-grade central zones within wide lower-grade envelopes. The third hole intersected a wide low-grade zone of mineralisation that appears to correlate with the down-dip projection of the mineralised zone; it also intersected a higher-grade footwall zone that may be indicative of a parallel zone of interest.
The results from the first two holes provide significant encouragement to undertake additional drilling along the north-east extension of the mineralised zone beyond the existing open pit with a view to adding to the existing resource base. A systematic evaluation of the third hole is necessary to determine the potential for adding to the resource beyond the south-western limit of the open pit but the presence of the higher-grade footwall intersection is very encouraging and not unexpected in the wide and complex structural corridor that hosts the mineralisation.
A detailed understanding of the controls of the ore shoots at Homase and Akrokerri is critical to the planning of further exploration and resource drilling. Structurally and lithologically controlled ore shoots at Obuasi extend to vertical depths of more than 1,500 metres and the Company believes there is a reasonable potential that the ore shoots at Homase-Akrokerri will also have significant depth continuity.
However, the Company's immediate focus is to identify additional resources within the upper zones of the mineralised corridor through, subject to funding, further drilling to firstly add to and secondly to improve the categorisation of the existing JORC Code compliant resource for Homase to facilitate near-term planning for exploitation.
Sampling, assaying, and QA/QC
GoldStone's sampling of drill core, and other geological materials conforms to industry-wide good practise. The Company maintains QA/QC on all analytical work via the use of certified reference materials, field duplicates, and blank samples in addition to monitoring of internal laboratory check-analyses. Chain of custody is observed for all samples. Determination of gold, by fire assay of 50g sub-samples and atomic absorption finish, was undertaken by ALS Minerals Limited in Kumasi, Ghana.
Information in this announcement is based on information compiled and reviewed by Issouf Ouedraogo, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Ouedraogo has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Ouedraogo consents to the release of this information in the form and context in which it appears.
Mr Ouedraogo is an employee of Stratex International Plc, an AIM quoted company that has a 33.45% equity stake in GoldStone. He provides geological support to GoldStone via the technical agreement between the two companies announced on 20 October 2016.
http://www.moneyam.com/action/news/showArticle?id=5485600
banjomick
- 03 Feb 2017 08:56
- 97 of 124
03 February 2017
Please click or paste the following link into your web browser to view the announcement below with images:
http://www.rns-pdf.londonstockexchange.com/rns/9281V_1-2017-2-2.pdf
GOLDSTONE RESOURCES LIMITED
Update on auger drilling at Homase-Akrokerri, Ghana
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold exploration in Central and West Africa, announces the results of a short shallow auger drilling programme completed to test areas parallel to the existing JORC Code compliant resource for Homase-Akrokerri. As part of an ongoing review by the Company of the historical database for the Homase and Akrokerri licences, which has included a review of the Versatile Time-Domain Electromagnetic ("VTEM") survey and historical soil geochemistry carried out in 2012, the Company has identified nine targets and has now completed an augur drilling programme, consisting of 304 metres from 140 auger holes, testing three of these anomalies.
Highlights
· Ongoing review of the extensive historical database relating to the Homase and Akrokerri licences, including a review of the 2012 VTEM survey
· Augur programme undertaken to test three of the initial nine targets identified from the review of the 2012 VTEM survey comprising
- 36 holes sampling 86 metres at Akrokerri (Eureka SW)
- 104 holes sampling 218metres at Homase (Eureka and Eureka NE)
· Assay results from all three targets demonstrate some degree of gold anomalism
· Two zones of particular significance
- Eureka, with marked anomalism over a strike of at least 200 metres and possibly indicating the potential of a 400 metre long geophysical anomaly
- Eureka SW, with an anomalous zone >15 ppb Au identified over a distance of 300 metres
· These results will be integrated into the 2017 drilling programme which will focus on resource conversion drilling, expanding the existing Homase resource and will also target other areas of interest within the licences
Neil Gardyne, Chairman, commented: "The review of historical data is deemed a necessity to ensure we understand the potential of these two licences, which have not been fully explored to date. This auger programme is the start and demonstrates that we can assess potential targets quickly and cheaply utilising existing data. The results of this auger drilling to the south-east of the Homase pit on the parallel identified zones, has demonstrated the potential to increase the mineralisation footprint within the licence areas. We are encouraged by the results and believe they highlight the potential for discovery of additional gold mineralisation zones."
Further Details
The auger programme targeted the first three priority geophysical anomalies identified as part of a major review of the extensive historical database relating to the Homase and Akrokerri licences. The database reflects 20 years of geological, geochemical, geophysical and drilling programmes across the licences and the Company believes that a systematic review and integration of the data is critical to the planning of further exploration and resource drilling.
Analysis of the results of the 2012 VTEM survey has resulted in the identification of at least nine high-conductivity zones comparable to the geophysical characteristics of the strongly mineralised section of the existing JORC Code compliant Homase-Akrokerri resource. Three of these anomalous zones were targeted for further evaluation on the basis of proximity to and parallelism with the Homase-Akrokerri zone. Auger drilling was selected to provide a rapid and cost-effective method of sampling the top of the weathered bedrock ("saprolite"). Manual auger drilling to a depth of 2 to 4 metres was undertaken systematically at 20 metre intervals along fence lines mostly spaced at 100 metres and samples were submitted for gold analysis.
Statistical evaluation of the results from the auger programme, indicated a lower threshold at 15 ppb Au that defined samples which can be regarded as anomalous, with further thresholds at 40 ppb and 72 ppb indicating progressively more anomalous samples. The highest value determined was 628 ppb (0.628 g/t Au) within the Eureka prospect, see Figure 2. Relating the results of the augur programme to the high-conductivity zones identified from the 2012 VTEM, confirms that all three targeted geophysical anomalies demonstrate some degree of anomalism, with two zones being of particular significance - Eureka with marked anomalism over a strike of at least 200 metres and possibly indicating the potential of a 400 metre long geophysical anomaly, and Eureka SW with an anomalous zone >15 ppb Au identified over a distance of 300 metres.
It is anticipated that further targets will be identified as the evaluation of the historical data continues. This work together with the results of this augur programme, will be incorporated into finalising the 2017 drilling programme. As previously set out, the Company's initial focus is, subject to funding, to undertake further drilling, firstly to add to and secondly to convert the existing JORC Code compliant resource for Homase-Akrokerri into the Measured categorisation in order to facilitate near-term planning for exploitation. The Company will, subject to funding, also look to undertake further exploration work on target areas of interest as it seeks to increase the overall mineralisation footprint within the licences.
Fig. 1. Location of tested EM anomalies unnamed anomalies and Homase-Akrokerri resource areas
(Please see link at top of announcement for the image)
Fig. 2. Location of the augur drilling to test the VTEM anomalies
(Please see link at top of announcement for the image)
http://www.moneyam.com/action/news/showArticle?id=5490786
Please click or paste the following link into your web browser to view the announcement below with images:
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GOLDSTONE RESOURCES LIMITED
Update on auger drilling at Homase-Akrokerri, Ghana
GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold exploration in Central and West Africa, announces the results of a short shallow auger drilling programme completed to test areas parallel to the existing JORC Code compliant resource for Homase-Akrokerri. As part of an ongoing review by the Company of the historical database for the Homase and Akrokerri licences, which has included a review of the Versatile Time-Domain Electromagnetic ("VTEM") survey and historical soil geochemistry carried out in 2012, the Company has identified nine targets and has now completed an augur drilling programme, consisting of 304 metres from 140 auger holes, testing three of these anomalies.
Highlights
· Ongoing review of the extensive historical database relating to the Homase and Akrokerri licences, including a review of the 2012 VTEM survey
· Augur programme undertaken to test three of the initial nine targets identified from the review of the 2012 VTEM survey comprising
- 36 holes sampling 86 metres at Akrokerri (Eureka SW)
- 104 holes sampling 218metres at Homase (Eureka and Eureka NE)
· Assay results from all three targets demonstrate some degree of gold anomalism
· Two zones of particular significance
- Eureka, with marked anomalism over a strike of at least 200 metres and possibly indicating the potential of a 400 metre long geophysical anomaly
- Eureka SW, with an anomalous zone >15 ppb Au identified over a distance of 300 metres
· These results will be integrated into the 2017 drilling programme which will focus on resource conversion drilling, expanding the existing Homase resource and will also target other areas of interest within the licences
Neil Gardyne, Chairman, commented: "The review of historical data is deemed a necessity to ensure we understand the potential of these two licences, which have not been fully explored to date. This auger programme is the start and demonstrates that we can assess potential targets quickly and cheaply utilising existing data. The results of this auger drilling to the south-east of the Homase pit on the parallel identified zones, has demonstrated the potential to increase the mineralisation footprint within the licence areas. We are encouraged by the results and believe they highlight the potential for discovery of additional gold mineralisation zones."
Further Details
The auger programme targeted the first three priority geophysical anomalies identified as part of a major review of the extensive historical database relating to the Homase and Akrokerri licences. The database reflects 20 years of geological, geochemical, geophysical and drilling programmes across the licences and the Company believes that a systematic review and integration of the data is critical to the planning of further exploration and resource drilling.
Analysis of the results of the 2012 VTEM survey has resulted in the identification of at least nine high-conductivity zones comparable to the geophysical characteristics of the strongly mineralised section of the existing JORC Code compliant Homase-Akrokerri resource. Three of these anomalous zones were targeted for further evaluation on the basis of proximity to and parallelism with the Homase-Akrokerri zone. Auger drilling was selected to provide a rapid and cost-effective method of sampling the top of the weathered bedrock ("saprolite"). Manual auger drilling to a depth of 2 to 4 metres was undertaken systematically at 20 metre intervals along fence lines mostly spaced at 100 metres and samples were submitted for gold analysis.
Statistical evaluation of the results from the auger programme, indicated a lower threshold at 15 ppb Au that defined samples which can be regarded as anomalous, with further thresholds at 40 ppb and 72 ppb indicating progressively more anomalous samples. The highest value determined was 628 ppb (0.628 g/t Au) within the Eureka prospect, see Figure 2. Relating the results of the augur programme to the high-conductivity zones identified from the 2012 VTEM, confirms that all three targeted geophysical anomalies demonstrate some degree of anomalism, with two zones being of particular significance - Eureka with marked anomalism over a strike of at least 200 metres and possibly indicating the potential of a 400 metre long geophysical anomaly, and Eureka SW with an anomalous zone >15 ppb Au identified over a distance of 300 metres.
It is anticipated that further targets will be identified as the evaluation of the historical data continues. This work together with the results of this augur programme, will be incorporated into finalising the 2017 drilling programme. As previously set out, the Company's initial focus is, subject to funding, to undertake further drilling, firstly to add to and secondly to convert the existing JORC Code compliant resource for Homase-Akrokerri into the Measured categorisation in order to facilitate near-term planning for exploitation. The Company will, subject to funding, also look to undertake further exploration work on target areas of interest as it seeks to increase the overall mineralisation footprint within the licences.
Fig. 1. Location of tested EM anomalies unnamed anomalies and Homase-Akrokerri resource areas
(Please see link at top of announcement for the image)
Fig. 2. Location of the augur drilling to test the VTEM anomalies
(Please see link at top of announcement for the image)
http://www.moneyam.com/action/news/showArticle?id=5490786
banjomick
- 16 May 2017 08:26
- 98 of 124
16 May 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Final Results for the year ended 31 December 2016
and Notice of Annual General Meeting
http://www.moneyam.com/action/news/showArticle?id=5549561
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Final Results for the year ended 31 December 2016
and Notice of Annual General Meeting
http://www.moneyam.com/action/news/showArticle?id=5549561
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