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Goldstone Resources Ltd.
Summary
| Project: | Akrokerri | |
|---|---|---|
| Deposit: | AK01 North, AK01 South | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/9/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-11-2017: Goldstone Resources Ltd. announces an Exploration/Drilling Update report for its AK01 North, AK01 South deposit at the Akrokerri project. Drilling results incl. 30m @ 2.22g/t Au from 41m. GoldStone Resources Limited (AIM: GRL) announces that it | |
| Resources: | (Resource, Total): 602koz Au contained at project (at a grade of 1.77g/t Au) | |
| CP/QP: | [Overall Report]: Klaus Kappenschneider (Independent) | |
| ABSTRACT: | GoldStone Resources Limited (AIM: GRL) announces that it has successfully completed its pit definition Reverse Circulation ("RC") drilling programme in the Southern part of the 2012 JORC compliant resource area within the 100% owned Akrokerri licence, with results continuing to confirm the expected gold content.The RC drilling programme consisted of 26 holes for a total of 1,470 metres at the Akrokerri project. The programme, which is the first part of the Akrokerri open pit project, identified as AK01 North and AK01 South, confirmed the results of the historical drilling and recent trenching to further support the economic potential of the project.The preliminary assessment of the RC drilling programme shows that 22 of the 26 holes intersected the mineralised zone with economic values and mining widths for the target zone - Table 1 below shows the results of the intervals that will be used for the Pit design. The four sub-economic holes (AKRC022, 23, 24 and 26) are situated at the southern end of the proposed southern pit (see Figure 1). All of the assays were undertaken by the ALS Laboratory in Kumasi, Ghana. Bill Trew, Chairman, commented: "We are very pleased that this programme continues to confirm our expectations of the Akrokerri deposit. We are narrowing the gaps in past drilling and improving the confidence in the resource as required in order to move towards the earliest possible development of a mine. These results are encouraging, in particular the two infill drillholes that exceeded our expectations and the extent of the near surface oxidised, mineralisation zone. We look forward to keeping you updated as we seek to move the project forward." | |
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