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Goldstone Resources (GRL)     

moneyman - 13 Sep 2006 14:38

Just noticed the rise today.

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

banjomick - 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

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

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

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

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

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

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

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

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

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

banjomick - 08 Jun 2017 09:50 - 99 of 124

Director/PDMR Notifications
 http://www.moneyam.com/action/news/showArticle?id=5563825

banjomick - 17 Jul 2017 08:51 - 100 of 124

17 July 2017
GOLDSTONE RESOURCES LIMITED
 
Update on Operations
 
GoldStone Resources Limited (AIM: GRL) is pleased to announce that it has commenced field work at its Homase-Akrokerri project in Ghana.
 
Following the investment by Paracale Gold Limited, the Company has undertaken a review of all of the available historic data on the existing JORC Code compliant resource for the Homase-Akrokerri project. Based on the review to date, the directors of the Company believe that there is a mineable reserve within the oxide zone within the Akrokerri licence. As the next step, the Company has commenced pit definition drilling, coupled with additional confirmation drilling to progress pit modelling. To carry out this work the Company has appointed Ghanaian contractors, BCM Ghana Limited, who have mobilised a drill rig and established earthworks equipment on the Akrokerri mine site.
 
These initial steps will facilitate pit design and provide the necessary platform for proceeding with an application to the Government of Ghana for a mining permit, which we expect to initiate before the end of September.
 
Neil Gardyne, Chairman, commented: "At long last we have an action orientated outlook for the Company and we are building a team to aggressively pursue a gold production focused strategy for the benefit of our shareholders."

http://www.moneyam.com/action/news/showArticle?id=5586442

banjomick - 30 Aug 2017 15:58 - 101 of 124

30 August 2017

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

COO Appointment

Goldstone Resources Limited (AIM: GRL), is pleased to announce that it has appointed Darryl Norton as Chief Operating Officer (non-board) with immediate effect.

Darryl's appointment marks the start of the Company seeking to build an operational team as it looks to advance its projects in Ghana and, subject to funding, to move from being an explorer to a production company in the year ahead.

Darryl has over 35 years' experience in the mining industry across Africa, the Former Soviet Union and South East Asia. He has particular experience in the gold sector, having led and managed the design, construction and commissioning of projects for companies including Apex Mining (Philippines), Paracale Gold (Philippines), Gold Mines of Uganda (Uganda), Oxus Gold (Uzbekistan, Kyrgyzstan & Romania), Anglogold (Mali), Randgold Resources (Mali) and Durban Roodepoort Deep (South Africa). Darryl also has board experience having been an Executive Director of both Oxus Gold plc (quoted on AIM) and KazakhGold Group Limited (admitted to trading on the main market).

Darryl also has an interest of approximately 10% in Paracale Gold Limited, which is interested in 27.2% of the Company's issued share capital.

Neil Gardyne, Non-Executive Chairman, said:
"I am delighted that Darryl has joined the Goldstone team. He is a seasoned mining executive with a wealth of operational expertise in Africa and Asia, with a combination of a technical background and a track record of getting things done. I know I speak for the whole Board in welcoming him to the Company and looking forward to working with him as we seek to transform the Company from an explorer to an operational company."

http://www.moneyam.com/action/news/showArticle?id=5644091

banjomick - 07 Sep 2017 08:26 - 103 of 124

7 September 2017

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

Operational Update - Akrokerri Deep Trenches and Licences

GoldStone Resources Limited (AIM: GRL) announces the results of a deep trenching programme, completed as the first step of the pit definition programme announced on 17 July 2017, on the Akrokerri Licence in Ghana. The trenching was undertaken to define the extent of the mineralisation in the near-surface oxide zone of the known deposit and augment the findings from the continued review by the Company of the historical database for the Homase and Akrokerri licences.

The Company dug four trenches (Figure 1), two in each of the proposed pits, within the Southern part of the 2012 JORC Code compliant resource ("Current Resource"). The trenches, located on the Southern part of the Current Resource and along strike from the old Homase pit, were identified as having a high potential for an initial open pit for heap-leach production within the oxide zone. The trenches were dug to a depth of 7 metres and channel samples were taken near the bottom of each trench in 1 metre consolidated intervals.

Figure 1. Location of trenching within the Proposed Pit Outlines in the Akrokerri Licence

http://www.rns-pdf.londonstockexchange.com/rns/0398Q_1-2017-9-6.pdf


Licence Update

The Company continues to review its portfolio and is in the process of renewing its licences in both Senegal and Ghana. With regards to Gabon, the Company is considering its options which will likely result in the disposal or relinquishment of the licences.

In respect to Ghana, all requisite documents have been submitted to the Ghanaian Minerals Commission for both Akrokerri (100 per cent. interest) and Homase (90 per cent. economic interest) and the Company has received confirmation that the licences are awaiting signature from the Minister of Mines.

The current drilling and trenching will facilitate in determining the potential pit design for the proposed Akrokerri pits and will provide the necessary platform for proceeding with an application to the Government of Ghana for a mining permit, following the extension of the licences.

***Further details regarding krokerri Deep Trenches via Link below***

http://www.moneyam.com/action/news/showArticle?id=5655090

banjomick - 27 Sep 2017 09:06 - 104 of 124

27 September 2017
GOLDSTONE RESOURCES LIMITED

Goldstone Announces £1.5 million Subscription

The Board of Goldstone Resources Limited (GRL:AIM) is pleased to announce that the Company is raising £1.5 million gross by way of a subscription for 100,000,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") (the "Subscription Shares") at 1.5 pence per Subscription Share (the "Subscription Price") with new and existing shareholders (the "Subscription").

The Subscription

The Subscription Shares will represent approximately 40.17 per cent of the Company's enlarged issued share capital and application will be made for the admission of the Subscription Shares to trading on AIM. Subject to receipt of the proceeds of the Subscription, expected shortly, it is anticipated that dealings in the Subscription Shares will commence at 8.00 a.m. on 6 October 2017 ("Admission"). The total number of shares in issue following Admission will be 248,968,523, which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Goldstone under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Subscription Price represents a discount of approximately 31.8 per cent. to the closing mid market price of the Company's Ordinary Shares on 26 September 2017, being the latest practicable date prior to this announcement, and a discount of approximately 21.2 per cent. to the Company's average closing mid market price for the 30 days prior to 26 September 2017.

BCM Investment Limited ("BCM") is subscribing for 50,000,000 Subscription Shares as part of the Subscription, representing approximately 20.08 per cent. of the Company's issued share capital on Admission. BCM and its subsidiaries (together, the "BCM Group") has provided the Company with mining services in relation to the Company's current drilling programmes. As part of the relationship which has developed between the Company and BCM Group as a result of this work and the fact that the BCM Group is supportive of the Company's strategy, discussions that have been ongoing over recent weeks have culminated in the BCM Group supporting the Company through its participation in the Subscription.

BCM is one of Africa's largest private contract miners. BCM Group began as "Bayswater Contracting", a family firm in Western Australia in the early 1950s, involved primarily in the civil works and mining construction business. Under the same family ownership, BCM Group expanded into Ghana in 1990 and thereafter further into Mali, Tanzania, Guinea and Niger. By 2000, BCM had established itself as one of the leading mining and civil contractors in Sub-Saharan Africa. In 2004, BCM became the first Western-style mining contractor in Central Asia, with operations in Uzbekistan and Kazakhstan. BCM are seeking partners to develop resource projects in West Africa.

Relationship Agreement

The Company, BCM and Strand Hanson have entered into a relationship agreement, to provide certain safeguards to ensure, inter alia, that for so long as BCM and its associates together are entitled to exercise or control the exercise of 20 per cent. or more of the issued share capital of the Company, GoldStone is capable of carrying on its business independently of BCM as a substantial shareholder.

Use of Proceeds

The proceeds of the Subscription will be applied to the Company's operations and the general advancement of the Company's corporate objectives.

Related Party Transaction

Paracale Gold Limited ("Paracale"), an existing shareholder in the Company, will be subscribing for 30,000,000 Subscription Shares pursuant to the Subscription. On Admission, Paracale will hold an aggregate holding of 70,352,377 Ordinary Shares in the Company representing approximately 28.26 per cent. of the Company's issued share capital on Admission. As Paracale is currently interested in approximately 27.09 per cent. of the Company's current issued share capital, the issue of Subscription Shares to Paracale is a related party transaction under the AIM Rules for Companies. The Company's Board of Directors, having consulted with the Company's nominated adviser, Strand Hanson Limited, considers that the terms of the proposed issue of the Subscription Shares to Paracale are fair and reasonable insofar as the Company's shareholders are concerned.



Neil Gardyne, Non-Executive Chairman, commented:

"We are delighted to welcome BCM as a shareholder and partner to Goldstone and with the continued support from existing shareholders in raising £1.5 million in an uncertain market. We look forward to applying these funds to furthering the Company's objectives and accelerating growth with Homase/Akrokerri Project in Ghana."

http://www.moneyam.com/action/news/showArticle?id=5680538

banjomick - 02 Oct 2017 09:24 - 105 of 124

2 October 2017

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

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 William ('Bill') Trew as Non-Executive Chairman of the Board, with immediate effect.

Bill takes over from Neil Gardyne, who was appointed as Non-Executive Chairman on 28 July 2016 and today resigns from the Board with immediate effect. Bill is currently chairman of the MAED group of companies and a director of Gold Mines of Uganda and Paracale Gold Limited.

Emma Priestley, Chief Executive Officer, commented:

"Neil joined the Board at a time when the Company was undergoing a period of transition. His guidance has been invaluable, particularly in navigating a time of restructuring and refocus and in helping facilitate the smooth transition in executive leadership. We thank him and wish him well with his endeavours going forward.

"We are delighted to welcome Bill to GoldStone. His experience working in mining and knowledge of the market will be invaluable to us as we embark on the next chapter in GoldStone's development."

About William ('Bill') Trew

Bill graduated from the University of Wales with a degree in engineering and achieved a Master's degree in engineering at Randse Africanse University in Johannesburg in 1984, while working at the Chamber of Mines of South Africa.

He has since gained over 37 years' experience in the mining and engineering industry worldwide.

In 1986 he founded MAED Limited, a specialist project management and engineering design company specialising in constructing gold processing plants for the gold mining industry. Under his leadership, MAED has designed and constructed 23 gold processing plants around the globe including Mali, South Africa, Uganda, Uzbekistan, Kyrgyzstan and the Philippines.

He was Chief Executive Officer of Oxus Gold plc, where he oversaw construction of three new gold mines (Amantaytau, Vysokovoltnoye and Jerooy). Since then he has held a number of other executive and non executive roles at listed and private mining companies where he has continued building and refurbishing Gold Mines.

He is currently chairman of the MAED group of companies and a director of Gold Mines of Uganda and Paracale Gold Limited.

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of William Trew: ***See link below***

http://www.moneyam.com/action/news/showArticle?id=5686478

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

03 October 2017
GOLDSTONE RESOURCES LIMITED

Director/PDMR Notifications


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

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

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

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

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

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

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

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

Shares in the company were sold at 1.6p each.

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


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

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

TR-1: Standard form for notification of major holdings
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