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Goldstone Resources Ltd.

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Summary

Project:

Akrokerri

Deposit:Akrokerri
Location:Ghana
Commodities:Gold
Date:6/7/2018
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-6-2018: Goldstone Resources Ltd. announces an Exploration/Drilling Update report for its Akrokerri deposit at the Akrokerri project. Old drillholes, new assays results incl. 1.0m @ 51.01g/t Au from 50.0m. GoldStone Resources Limited (AIM: GRL) is please
Resources:(Resource, Total): 602koz Au contained at project (at a grade of 1.77g/t Au)
CP/QP:[Overall Report]: Not stated (Not stated)
ABSTRACT:GoldStone Resources Limited (AIM: GRL) is pleased to report, further to the Company's announcement of 19 January 2018, the confirmation of high-grade gold intersections following the completion of the review and re-logging of historic diamond core ("DD") holes drilled under or adjacent to the previously producing Akrokeri underground gold mine ("Akrokeri Mine" or the "Mine") Emma Priestley, CEO of GoldStone, commented:"Grades of up to 51.01 g/t gold are remarkable and together with completion of the review and re-logging process, we are very excited about the opportunity and believe it warrants the acceleration of development and the ultimate reopening of the Akrokeri underground mine. Management is focused on identifying the most economic and timely route to production, which we believe can be achieved within 24 months."Together with the highly encouraging Homase pit target area and the regional geology which hosts one of the world's largest gold mines, management believe we have a truly exciting development opportunity at the Akrokeri Mine."I look forward to keeping shareholders updated as we seek to accelerate the development of GoldStone into becoming a gold producer."

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