Sign In
Last checked at 
13 May 2008 10:08
ο»Ώ
GOLDSTONE RESOURCES LTD
APPLICATION FOR EXPLORATION PERMITS
The Directors of GoldStone Resources Ltd ("GoldStone" or the "Company")Β are pleased to announce that the CompanyΒ has lodged applications for three gold exploration permits inΒ Senegal,Β West Africa.Β Β The applicationsΒ are the result of positive research into the prospectivity, political stability and mining legislation ofΒ Senegal.
The Sangola (471 km2), Dindefelou (280 km2) and Velingara (575 km2) licences applied for all lie within the prospective Kenieba inlier of the Birimian Formation and are close to the border of Guinea. Two of the permit areas in question contain potential hydrothermal gold mineralization, whilst the thirdΒ mayΒ contain palaeoplacer gold mineralization. The directors believe that these areas haveΒ notΒ been explored using modern techniques and accordinglyΒ mayΒ hold the potential for new gold discoveries. Senegalese mining legislation provides for a processing period of six months fromΒ theΒ date an exploration applicationΒ is lodged.
APPROVAL
DrΒ Lawrie Minter, who holds a PhD in palaeoplacer sedimentology has reviewed and approved the content of this announcement.
|
GoldStone Resources Ltd
|
00 27 21 794 4004
|
|
Nico van der Hoven (Chief Executive Officer)
|
Β
|
|
Hanson Westhouse Limited
|
0113 246 2610
|
|
Tim Feather / Matthew Johnson
|
Β
|
Follow the stocks
