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Drilling Commenced in Gabon

25 Jul 2012 07:00

RNS Number : 4220I
Goldstone Resources Ltd
25 July 2012
 



GoldStone Resources Limited

("GoldStone" or the "Company")

 

Gabon Drilling Commenced

GoldStone (AIM: GRL), the AIM quoted exploration company focused on gold in West and Central Africa, is pleased to announce that drilling has commenced at the Company's Oyem project in Gabon.

The 3,000 metres diamond drill programme, carried out by Goldstone's contractor Geoserve Exploration Drilling Limited, will initially target the central zone of the fifteen kilometre long Oyem gold in soil anomaly.

Whilst drilling progress was slower than originally expected due to the clay-rich saprolitic formation encountered to a depth 58 metres, the first drill hole was recently completed at a depth of 98 metres and intersected the targeted gneiss and amphibolite rocks. The drill core samples will be shipped to South Africa for assaying.

APPROVAL

Dr. Hendrik Schloemann, who holds a PhD in geology, has reviewed and approved the geological content of this announcement.

Enquiries:

GoldStone Resources Limited

+27 21 551 9009

Jurie Wessels / Hendrik Schloemann

 

Westhouse Securities Limited

 

+44 20 7601 6100

Martin Davison

 

Optiva Securities Limited

Jason Robertson

+44 20 3137 1906

Jeremy King

+44 20 3137 1904

 

Walbrook PR

 

+44 20 7933 8780

Paul Cornelius / Lianne Cawthorne

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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