Goldstone Resources South Africa Ltd

Published : May 21st, 2015

Operational Update, Ghana

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Keywords :   Copper | Ghana | Gold | Gold Production | Jersey | Senegal | Silver | Turkey |

Operational Update, Ghana

Released 07:00 21-May-2015

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc

('Stratex' or 'the Company')

Operational Update: Homase/Akrokerri Project, Ghana

Stratex International Plc, the AIM-quoted exploration and development company, is pleased to announce that GoldStone (AIM:GRL), in which the Company holds a 33.45% interest, has today released an operational update for its Homase/Akrokerri gold project ('Homase/Akrokerri' or the 'Project') in Ghana.

Highlights:

· Auger sampling programme successfully completed over eight high-priority gold targets close to and along-strike from the 602,000 ounce Homase/Akrokerri gold deposit;

· 1,332 auger holes drilled to a maximum depth of 3 m;

· Results have indicated two potentially new zones of mineralisation - a 1,500 m anomaly at the AK02 prospect, immediately south west and along strike of the Homase/Akrokerri deposit, and an 800 m anomaly, the AK04 prospect, that may be an extension of AK02;

· Both prospects show immediate promise to host additional bedrock gold mineralisation to potentially add to existing resources; and

· Close-spaced infill auger sampling is underway to support future definition of drill targets.

The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html .

* * ENDS * *

For further information please visit www.stratexinternational.com , email [email protected] , or contact:

Stratex International Plc

Tel: +44 (0)20 7830 9650

Bob Foster / Christopher Hall / Claire Bay

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Philip Secrett / Melanie Frean / Jen Clarke

Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

Gerry Beaney / David Hignell

Abigail Wayne /John Howes (Broking)

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3470 0500

Ewan Leggat / Tercel Moore

Yellow Jersey PR Limited

Tel: +44 (0)7747 788 221

Anna Legge / Dominic Barretto

Notes to Editors :

Focused on the exploration and development of gold and high-value base metals, Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company is looking to completion of construction of its 45%-owned Altıntepe gold project in Turkey in 2015 and anticipates gold production before year-end. Additionally a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for late-2016 by owners Centerra Gold. With its current cash position and projected cash returns, the Company is well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Ghana | Jersey | Senegal | Turkey | All
Gold and Silver Prices for these countries : Ghana | Jersey | Senegal | Turkey | All

Goldstone Resources South Africa Ltd

EXPLORATION STAGE
CODE : GRL.L
ISIN : GB0034388354
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Goldstone Res is a gold exploration company based in South africa.

Its main exploration properties are HOMASE and MANSO AMENFI in Ghana, SANGOLA in Senegal and BAROYA, METEDIA - EST and YATIA in Mali.

Goldstone Res is listed in United Kingdom. Its market capitalisation is GBX 296.6 millions as of today (US$ 354.9 millions, € 323.8 millions).

Its stock quote reached its highest recent level on April 21, 2011 at GBX 96.95, and its lowest recent point on December 21, 2018 at GBX 0.10.

Goldstone Res has 102 290 000 shares outstanding.

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Corporate news of Goldstone Resources South Africa Ltd
8/19/2016Holding(s) in Company
8/19/2016Director Dealing
7/28/2016Result of AGM
7/14/2016Audited results for the year ended 31 December 2015
7/13/2016Annual Results
7/12/2016Notice of AGM
6/30/2016Directorate Changes
6/29/2016Final Results
6/7/2016Increase in loan facility
6/7/2016Agreement with Jurie Wessels
5/27/2016Board Changes
4/28/2016Change of Holdings
4/12/2016Corporate update and loan facility
12/22/2015Result of AGM
2/10/2015Operational Update, Ghana
11/30/2014GoldStone Announces Interim Results
11/3/2014GoldStone Strategic Investment Closed
10/30/2014Result Of AGM & EGM, Subscription And Directorate
8/16/2011Company Newsletter
5/24/2011presenting at Mining Maven Investor evening
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