Renewal of prospecting licences

RNS Number : 4970O

Goldstone Resources Ltd

18 May 2018

 

18 May 2018

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Renewal of prospecting licences

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

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

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

Emma Priestley, Chief Executive Officer of GoldStone, commented:

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

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

For further information, please contact:

GoldStone Resources Limited
Emma Priestley	Tel: [phone]
Strand Hanson Limited
Richard Tulloch / James Bellman	Tel: [phone]
SI Capital Limited
Nick Emerson	Tel: [phone]
Citigate Dewe Rogerson
Louise Mason-Rutherford	Tel: [phone]
St Brides Partners Ltd
Hugo de Salis	Tel: [phone]

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About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Homase-Akrokeri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

 

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