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Goldstone Resources Completes Airborne Homase Survey Ghana

Mon, 26th Jul 2010 07:30

LONDON (Dow Jones)--Goldstone Resources Ltd (GRL.LN), a company focused on gold in West Africa, said Monday it has successfully completed an airborne electromagnetic survey (VTEM system) over the southern part of the Homase concession exploration project in Ghana. MAIN FACTS: -GoldStone has also entered into an agreement with Minerex Drilling Contractors Limited to execute a 4,000 meter drilling program which is due to commence on the Homase property in the next few weeks, subject to final agreement being reached with local communities regarding crop compensation. -The helicopter-supported VTEM survey was carried out by Geotech Airborne Limited and focused on the previously mined Homase pits area where AngloGold-Ashanti mined 40,000 ounces of gold from two open pits. -The objective of the survey is to find extensions of the known ore body along strike to the north and below the presently known JORC compliant gold resource of 282,608 ounces. -The survey, which covered an area of 20 square kilometers at a line spacing of 100 meters, may also prove helpful in identifying untested parallel gold-bearing structures in the area. -The final results of the survey are expected to be made available to the Company within the next three weeks. -A more comprehensive follow-up survey of the same type will be carried out if the results of the current survey identify promising drill targets. -The drilling program will be guided by historical exploration results for the area and the results of the VTEM survey and will include the drilling of twenty boreholes to an average depth of 200 meters. -It is expected that the drilling program will be executed over a period of three months. -The drilling method will be a mix of reverse circulation and diamond drilling. -The objective of the drilling program is to test possible depth extensions of the Homase ore body, test various regional targets and confirm some of the historical exploration results. -A regional desktop study and geological mapping program on the Manso Amenfi project will commence shortly followed by the selection of target areas for a detailed soil sampling program. -Shares closed Friday at 3.9 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 26, 2010 02:30 ET (06:30 GMT)

More News

27 Jun 2019 11:50

GoldStone submits definitive economic plan for Akrokeri-Homase project

(Sharecast News) - GoldStone Resources confirmed on Thursday that the results of its definitive economic plan (DEP) at the Akrokeri-Homase Gold Project (AKHM) had now been submitted to the Ghanaian Minerals Commission for review and approval.

14 Feb 2019 14:14

Goldstone Resources Starts Definitive Economic Plan For Ghana Project

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it commenced its definitive economic plan and environmental impact assessment for the Akrokeri-Homase gold project in economic to

21 Dec 2018 14:30

GoldStone makes progress at Akrokeri-Homase Project

(Sharecast News) - GoldStone Resources updated the market on activities at its Akrokeri-Homase Gold Project in the Ashanti Region of Ghana on Friday, reporting that progress was being made within the area of Akrokeri that hosted the numerous artisanal shafts and pits, where it was making safe the shallow workings, and those that had been accessed were being mapped.

28 Sep 2018 14:57

Goldstone Resources Loss Widens On Akrokeri-Homase Project Development

LONDON (Alliance News) - Goldstone Resources Ltd on Friday said its loss widened in the first half of 2018 due to administrative expenses associated with its Ghanaian Akrokeri-Homase gold expenses

27 Sep 2018 15:02

Goldstone Completes Shaft At Ghana Mine, Gains Access To Old Workings

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it has completed the Norton Shaft at its Akrokeri Mine in Ghana.The shaft was drilled to its target depth of 33 metres and

2 Aug 2018 12:48

GoldStone Resources Discovers Visible Gold In Southern Ghana

LONDON (Alliance News) - West Africa-focused gold developer GoldStone Resources Ltd said Thursday it has discovered visible gold as a result of its drilling in the Ashanti region of southern gold

9 Jul 2018 11:33

GoldStone Says Ghana Supports Redevelopment Of Gold Mines

LONDON (Alliance News) - GoldStone Resources Ltd on Monday noted that Johannesburg-listed AngloGold Ashanti Ltd secured environmental permits for its Obuasi gold mine in Ghana.The company

3 Feb 2017 12:40

Goldstone Resources finds nine gold targets following drill programme

(ShareCast News) - Goldstone Resources has identified nine targets following an auger drilling programme at its gold mines in Ghana. The AIM-listed miner performed a short shallow auger drilling programme to test areas near an existing JORC Code compliant resource for the Homase-Akrokerri license by

13 Dec 2016 10:05

Red Rock Sells 1.4 Million Goldstone Resources Shares (ALLISS)

1 Dec 2016 11:21

Red Rock Shares Rise As Income Begins To Flow From Investments

29 Nov 2016 11:29

GoldStone Resources Says First Drilling Programme At Homase Completed

11 Nov 2016 16:29

Stratex International's shares slip after Homase/Akrokerri update

(ShareCast News) - Shares in Stratex International were down more than 2% late on Friday following an update on the Homase/Akrokerri project in Ghana by Goldstone Resources Ltd. Stratex holds a 33.45% stake in Goldstone. The update said reverse-circulation drilling of a 750 metre-long gold-enriched

11 Nov 2016 07:58

Goldstone Resources' Ghana mine finds gold enrichment in saprolite

(ShareCast News) - AIM-listed Goldstone Resource's recent drilling program at its mine in Ghana found gold enrichment in saprolite. The AIM-listed miner's recent drilling programme comprised 3,000 metres of auger and some 1,500 metres of reverse circulation drilling of the AK02 prospect within the A

13 Oct 2016 11:05

Goldstone Resources shares fall as employment dispute reported

(ShareCast News) - Shares in AIM-listed miner Goldstone Resources dropped nearly 12% on Thursday morning after it was revealed that a former director made a large cash claim against the company over his termination. The sum sought would be a "significant proportion" of the company's current cash res

19 Sep 2016 11:23

GoldStone Resources narrows loss as Ghana development continues

(ShareCast News) - Africa-focused gold company GoldStone Resources posted its interim results for the six months to 30 June on Monday, again reporting nil revenue as it continued its exploration activities, but significantly reducing its operational costs and narrowing its loss. The AIM-traded firm

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