6 August
2024
GOLDSTONE RESOURCES
LIMITED
("GoldStone" or the
"Company")
Progress on
Operations
GoldStone Resources Limited
(AIM:GRL) is pleased to provide an update on the progress of
operations in respect of the Homase Mine and heap leach operation
in south-western Ghana ("Homase").
·
Solid progress with the development of additional
heap leach pads at Homase, with Pad 4 now complete and Pads 5, 6
and 7 advancing on schedule and on budget.
·
Construction of Pad 5 now well advanced with civil
engineering works completed and the liner being laid, see Figures 1
and 2.
·
Earthwork preparation is underway ahead of
developing Pads 6 and 7.
·
Development of additional leach pads is integral
to the Company's objective to deliver the planned 50,000 tonnes of
stacked and agglomerated ore within six months, to support gold
production targets of 1,000oz pcm.
Figure 1: Civil
Engineering completed on Pad 5
Figure 2: Commencement of
liner being laid on Pad 5
For
further information, please contact:
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GoldStone Resources Limited
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Emma Priestley
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Tel: +44 (0)1534 487 757
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Strand Hanson Limited
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James Dance / James
Bellman
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Tel: +44 (0)20 7409 3494
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S.
P. Angel Corporate Finance LLP
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Ewan Leggat / Charlie
Bouverat
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Tel: +44 (0)20 3470
0501
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St
Brides Partners Ltd
Susie Geliher
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Tel: +44 (0)20 7236 1177
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About GoldStone Resources Limited
GoldStone Resources Limited (AIM:
GRL) is an AIM quoted mining and development company with projects
in Ghana that range from grassroots exploration to
production.
The Company is focused on developing
the Akrokeri-Homase project in south-western Ghana, which hosts a
JORC Code compliant 602,000oz gold resource at an average grade of
1.77 g/t. The existing resource is confined to a 4km 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 at 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 at
2.5 g/t recovered. Production is currently focussed on the Homase
Mine however 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.