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Goldstone Resources Ltd.
Summary
| Project: | Homase | |
|---|---|---|
| Deposit: | Homase | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-1-2017: Goldstone Resources Ltd. announces an Exploration/Drilling Update report for its Homase deposit at the Homase project. Drilling results incl. 21.3m @ 1.98g/t Au from 143.4m. GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused | |
| Resources: | (Resource): 602'000oz Au contained @ average grade of 1.77g/t Au | |
| CP/QP: | [Overall Report]: Issouf Ouedraogo (Stratex International Plc) | |
| ABSTRACT: | GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold exploration in Central and West Africa, is pleased to provide results of the recently completed diamond drilling programme at the Homase project in Ghana that targeted the deeper and higher grade sulphide ore shoots beneath the Homase oxide resource and the historical open pit previously exploited by AngloGold Ashanti in 2002/2003. The three-hole diamond drill programme, totalling 797 metres and completed on 29 November 2016, was designed to provide new information on the depth- and strike-continuity of the Homase-Akrokerri mineralised zone beneath the known Homase oxide resource and the area previously exploited by AngloGold Ashanti for oxide material, which lies within the Homase licence. The steeply NW-dipping mineralised zone occupies a major NE-trending structural corridor 10-15 km north-east of the multiple ore zones that comprise the Obuasi Mine, one of the World’s largest gold deposits with a combined production and resource base of >70 million ounces of gold. The three holes were inclined at 60o , 65o and 65o respectively towards 115o and targeted the mineralised zone at vertical depths of at least 100 metres beneath the base of the open pit. All three holes intersected significant widths of sulphide mineralisation, thus confirming the continuity of the zone with depth. | |
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