Manso Amenfi, Ghana: Final Soil Sampling Results

RNS Number : 6486M

Goldstone Resources Ltd

19 August 2011

 



Goldstone Resources Limited

("Goldstone" or the "Company")

Manso Amenfi - Ghana: Final Soil Sampling Results

GoldStone Resources Ltd (AIM: GRL) the West and Central Africa focused gold exploration company, is pleased to announce the final soil sampling results for the Manso Amenfi project in Ghana.  

Key Points

·     Final sampling results for Manso Amenfi have yielded multiple robust gold in soil anomalies of up to five kilometres in strike length

·     Of the 2,070 soil samples taken from the permit area 378 had anomalous gold concentrations ranging from 20 parts per billion to 2.4 g/t

·     Intense artisanal gold mining in the south western part of the permit area and the margin of a granite intrusion in the southern part of the permit area coincide with significant gold in soil anomalies

Dr. Hendrik Schloemann, GoldStone's Exploration Director, commented: "The outcome of this soil survey has exceeded our expectations and outlined several highly prospective targets for follow-up work.  As a consequence this project has now become a more valued part of our portfolio of properties and follow-up work on these targets is a priority for GoldStone."

Soil Sampling Programme and Results

A soil sampling programme covering the entire permit area was completed during June.  A total of 2,070 samples were collected every 100 metres along north-west trending lines 400 metres apart.  Of the samples taken, 378 had anomalous gold concentrations ranging from 20 parts per billion to 2.4 g/t.  The results clearly demonstrate the presence of multiple, robust and elongated gold in soil anomalies which are up to five kilometres in strike length.  The strikes of the anomalies appear to be parallel to the gold-fertile Salman and Ayanfuri structural corridors. 

During the field programme, the Company's geologists also located various artisanal gold mining sites in the permit area which seem to be exploiting mainly alluvial deposits.  In the south western portion of the permit area, where artisanal mining is prominent, there is a good correlation between the mining locations and the detected soil anomalies making one of the larger gold anomalies more appealing. 

In the southern part of the permit area a gold anomaly is associated with the margin of a granite intrusion as shown on a geological map (scale 1:100,000) recently published by the Ghana Geological Survey.  This prospect has been prioritised for follow-up work because the association of significant gold mineralisation with the margins of granitic intrusions in the Birimian Formation is not unusual.

Geophysical surveying and multi-element geochemistry are planned in order to rank the discovered anomalies for follow-up soil sampling and trenching, which will enable the Company's geologists to identify drill targets.

Approval

Dr. Hendrik Schloemann, who holds a PhD in Geology, has reviewed and approved the technical content of this announcement.

Enquiries:

GoldStone Resources Limited	[phone]
Jurie Wessels / Hendrik Schloemann
Westhouse Securities Limited	[phone]
Tim Feather / Matthew Johnson
Optiva Securities Limited
Jason Robertson	[phone]
Jeremy King	[phone]
Walbrook PR	[phone]
Louise Mason Bob Huxford

 

END

 

 

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