Updated Company Presentation

RNS Number : 0300N

Goldstone Resources Ltd

20 September 2019

 

20 September 2019

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Updated Presentation

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration and development company quoted on AIM, is pleased to announce that an updated corporate presentation is now available on the Company's website www.goldstoneresources.com.

The presentation includes information on the Definitive Economic Plan ("DEP") for its Akrokeri-Homase Gold Project ("AKHM") announced on 27 June 2019.

The DEP sets out the basis for a low cost heap leach processing facility to process material from three satellite open pits lying along the known Homase Trend within the existing JORC Code compliant resource, either side of the previously mined Homase Pit.  The proposal, subject to funding, is to bring AKHM into production to generate cashflows to support the further development and expansion of AKHM.

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]
St Brides Partners Ltd
Catherine Leftley / Juliet Earl	Tel: [phone]

About GoldStone Resources Limited

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

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t.  The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

The project hosts two former mines, the Akrokeri Ashanti Mine Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,500 oz gold at 2.5 g/t recovered.  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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