Manso Amenfi Update

RNS Number : 9927W

Goldstone Resources Ltd

04 February 2013

 



GoldStone Resources Limited

("GoldStone" or the "Company")

Manso Amenfi (Ghana) - Progress Report

GoldStone (AIM: GRL), the AIM quoted company focused on gold exploration in West and Central Africa, is pleased to provide a progress report for its Manso Amenfi permit in Ghana.

Highlights:

·     Thirteen soil samples have yielded gold concentrations between 0.5 g/t and 3.7 g/t

·     Continuity and high tenor of gold in soil anomalies confirmed

·     Trenching and drilling planned for 2013

Chief Executive Officer Jurie Wessels commented: "These results have greatly improved the prospectivity of Manso Amenfi and confirmed our expectation of the exploration value of the project.  We will direct our attention to the high grade portions of the gold in soil anomalies and are looking forward to receiving the results from our planned trenching and drilling campaign."

Exploration Director Dr. Hendrik Schloemann commented: "The high tenor and continuity of the identified surface anomalies are encouraging.  I am optimistic that results in excess of 3 g/t as encountered in the soils can be replicated in our planned trenching and drilling campaign." 

The Company has received results for an infill soil sampling programme covering selected portions of its Manso Amenfi permit in Ghana.  130 of the 1,303 samples yielded gold concentrations between 0.1 g/t and 0.5 g/t and 13 samples between 0.5 g/t and 3.7 g/t.  Bulk leach extractable gold was determined from one kilogram soil samples by ALS Minerals in Ghana. 

The infill soil sampling programme focused on gold target areas that were previously identified when the entire permit area was soil sampled on a 100 metre by 400 metre sampling grid.  The infill programme was carried out to a reduced spacing of 50 metres by 200 metres.  The results resolved the targeted anomalies in more detail and confirmed that the strike of identified surface anomalies is generally parallel to the gold fertile regional Ayanfuri and Salman structures.  The work programme planned for 2013 includes more infill soil sampling, excavation of more than thirty trenches to test for gold mineralisation in the underlying rocks and follow up drilling. 

About Manso Amenfi

The Manso Amenfi Licence is approximately 83 square kilometres in extent and situated in the Wasa Amenfi West District of the Western Region in Ghana, approximately 30 km from the town of Tarkwa and approximately 250 km west of the capital, Accra.

GoldStone entered into a joint venture agreement with Asasemu Mining, a Ghanaian company, and has the right to earn up to 85% interest.

The following link shows a map of the results of the soil sampling programmes:

http://www.rns-pdf.londonstockexchange.com/rns/9927W_-2013-2-3.pdf 

APPROVAL

The information in this report that relates to exploration results, is based on information compiled by Dr. Hendrik Schloemann, who is a Member of the South African Council for Natural Scientific Professions (a Recognised Overseas Professional Organisation ('ROPO') included in a list promulgated by the ASX from time to time).  Dr. Schloemann is a full-time employee of GoldStone Resources Limited.  Dr. Schloemann has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'").  Dr. Schloemann consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Enquiries

GoldStone Resources Limited	[phone]
Jurie Wessels
WH Ireland Limited	[phone]
Tim Feather
Nick Field
Optiva Securities Limited
Jason Robertson	[phone]
Jeremy King	[phone]

 

END

 

 

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