(Alliance News) - Goldstone Resources Ltd on Friday said it has planned an additional infill reverse circulation drilling programme at Akrokeri-Homase gold project in Ghana.
The AIM-listed gold exploration & development company said the objective of the programme is to increase the mineable resource at depth at the Homase south pit, which is expected to commence shortly.
The Homase south pit is the first of the three open pits planned to be brought into production. The company said it anticipates, subject to timely receipt of the requisite environmental and operational permits, that the first gold pour from the Homase south pit will be achieved in the final quarter of 2020.
"The potential to further expand the mineable resource through the planned additional drilling programmes also offers further potential upside though our ability to increase the minable resource," said Chief Executive Emma Priestley.
"We continue to believe that Akrokeri-Homase gold project has the ability to deliver significant value for all shareholders, and we look forward to keeping shareholders updated as we move forward to achieving first gold production in the final quarter of 2020," added Priestley.
Goldstone Resources shares were trading 1.8% higher in London on Friday at 7.10 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Goldstone Resources (GRL)