Welcome To GoldStone Resources Ltd.
GoldStone is an AIM listed exploration company with exploration skills that focus on gold in West and Central Africa. The company’s projects are located in Ghana, Senegal and Gabon, and range from grassroots to advanced exploration.
The Homase/Akrokerri project is located near AngloGold Ashanti’s Obuasi mine within the well mineralised Ashanti Gold Belt in Ghana where more than seventy million ounces of gold have been discovered. The objective of exploration in the Homase/Akrokerri project area is to find extensions of the known ore body along strike and to define oxide resources at a number of prospects elsewhere in the project area. The results of an on-going augering programme will be used to prioritise these prospects for drilling. The JORC compliant gold resource for the Homase/Akrokerri project presently is 602,000 ounces at an average grade of 1.77 grams per tonne and includes 100,000 ounces in oxide material.
The Homase/Akrokerri project is a “brown fields” project; i.e. is located in the shadows of headgear of existing mining operations and may be commercialised even if the project does not reach the critical mass to justify a stand-alone mining operation
In Senegal the company holds the Sangola “Permis de Recherche”. A permit wide termite mound sampling programme has identified several robust gold anomalies at surface. Most of these anomalies are directly associated with the gold-fertile MTZ structure which also controlled the formation of Randgold's 3.2 Moz Massawa gold deposit north-east of the Sangola permit. Initial wide-spaced drilling on these targtets yielded positive results and warrants infill drilling.
The Oyem and Ngoutou permits in Gabon (Central Africa) both contain robust gold in soil anomalies in excess of 15 kilometres length. Diamond drilling of nine holes has been completed at Oyem. Assay results yielded gold concentrations of up to 9.5 g/t in a 120 metre wide deformational zone. At Ngoutou an initial three hole diamond drilling programme yielded wide gold mineralisation covering 120 metres of strike. Best results include 16 metres @ 1.3 g/t gold (including 2 metres @ 5.6 g/t), 33.5 metres @ 0.4 g/t and 32 metres @ 0.4 g/t. These encouraging drill results justify step-out drilling along strike on both properties.
The company is constantly reviewing new gold exploration opportunities to further grow its exploration portfolio and to reduce discovery risk. Once acquired, the company's strategy is to develop the projects towards the Bankable Feasibility Stage.