GoldStone is a global mineral exploration company based in South Africa with exploration skills that primarily focus on gold. The company explores mainly for hydrothermal gold but also for palaeoplacer gold and associated elements.

Recently GoldStone announced that it entered into a joint venture agreement with a Ghanaian company to acquire eighty five percent of the Manso Amenfi Prospecting License. This acquisition adds a third exploration opportunity to GoldStones portfolio. The exploration status of the permit is grassroots which compliments the more advanced Homase permit in Ghana. The Manso Amenfi license area is within trucking distance of Golden Star Resources' (“GSR”) Bogoso processing plant.

During November 2009 the company was granted the Sangola Permis de Recherche in Senegal. The Company will be able to commence exploration activities for gold in this area as soon as a decree is issued by the Mining Minister, which is expected to occur shortly. The exploration programme for the permit will commence with a structural and regolith study based on remotely sensed data.

During October 2009 the company entered into a joint venture agreement to develop the Homase Prospecting License. The license is located within the well mineralised Ashanti Gold Belt in Ghana where more than seventy million ounces of gold have been discovered. Historical drilling on the permit area by previous explorers resulted in the discovery of gold mineralisation along three kilometres of strike. The legal due diligence phase for the Homase joint venture, particularly Ministerial consent for the joint venture, is nearing completion and the compilation of the historical drill data into a three dimensional model has commenced. This work will be directed at quantifying a compliant gold resource.

The company also has pending renewals/applications in Mali and India. The company intends to add additional value by searching and acquiring new gold prospects that have speculative appeal and potential to be economically exploited. Once acquired, the company's strategy is to develop a project towards the Bankable Feasibility Stage or to possibly commercialise the project earlier by means of either selling it outright or entering into a joint venture for further development with a major partner. Since its inception the company raised approximately US$ 16.5 million from both private and public sources to fund its exploration programmes.

PRESENT ACTIVITIES

 Homase compilation of historical drill data into 3D model.  Ministerial consent awaited for JV agreement.
 Manso Amenfi geological and legal due diligence
 Senegal  follow up on granted permit.
 Mali follow up on permit renewals & application.
 Evaluation of various exploration opportunities in Africa.

FEATURED PROJECT

The Homase Permit - Ghana

Located in the highly prolific Ashanti Gold Belt and close to AngloGold Ashanti’s 40 million ounce Obuasi mine the Homase permit holds the potential for a major gold discovery. Given the availability of positive historical drill data the permit offers to add value in a short time frame... Read More  What other people think about Goldstone... Read More