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Goldstone Resources Ltd.
Summary
| Project: | Akrokerri-Homase | |
|---|---|---|
| Deposit: | Akrokerri-Homase | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 6/27/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Optimisation Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2019: Goldstone Resources Ltd. announces a Optimisation Study report for its Akrokerri-Homase deposit at the Akrokerri-Homase project. Completion of Definitive Economic Plan for project. GoldStone Resources Limited (AIM: GRL) is pleased to announce t | |
| Resources: | Mineable Resource: 82,000oz Au | |
| CP/QP: | [Overall Report]: Klaus Kappenschneider (Independent) | |
| ABSTRACT: | GoldStone Resources Limited (AIM: GRL) is pleased to announce that the results from the Definitive Economic Plan ("DEP") at its Akrokeri-Homase Gold Project ("AKHM") has now been submitted to the Ghanaian Minerals Commission for their review and approval. This is an important step as it demonstrates the viability for a low cost mining operation, as the Company seeks to move rapidly towards establishing its first operating mine within the Homase Trend. The DEP sets out the basis for a low cost heap leach processing facility to process material from three satellite open pits, shown at Plan 1, lying along the known Homase Trend, either side of the previously mined Homase Pit, (the "Proposed Mine") to generate cash flows to fund the further development of AKHM. Emma Priestley Chief Executive Officer commented: "The Proposed Mine is a small project with robust economics that benefit from straight forward metallurgy, excellent recovery rates and minimal stripping ratio. "The Proposed Mine has the potential to generate cash flows to support the continued development of AKHM, as we seek to significantly increase the existing JORC Resource at AKHM to support a potential larger mining operation. Importantly, it will also boost the local economy, create employment in the region and generate revenues for the country when fully operational." | |
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