Last checked at 17 Jul 2018 15:00
17 July 2018
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Result of AGM & CEO Statement
GoldStone Resources Limited (AIM: GRL), is pleased to announce that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
Emma Priestley, the Company's CEO, made the following statement:
"I am delighted to confirm that we remain on course to achieve initial production from our Akrokeri-Homase Gold Project within two years - and we believe this to be a conservative estimate. I look forward to detailing our production plans in the coming weeks and months as we embark on this transition to cash generative gold producer."
**ENDS**
For further information, please contact:
GoldStone Resources Limited | |
Emma Priestley | Tel: +44 (0)7867 785177 / +233 (0)55 581 8855 |
Strand Hanson Limited | |
Richard Tulloch / James Bellman | Tel: +44 (0)20 7409 3494 |
SI Capital Limited | |
Nick Emerson | Tel: +44 (0)1483 413 500 |
Citigate Dewe Rogerson | |
Louise Mason-Rutherford | Tel: +44 (0)20 7282 2932 |
St Brides Partners Ltd | |
Susie Geliher / Juliet Earl | Tel: +44 (0)20 7236 1177 |
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.
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company with projects in Ghana, Senegal and Gabon 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, 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. GoldStone's existing resource is confined to a 4 km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which produced 75,000 oz gold @ 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz gold @ 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.