Goldstone Resources

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GoldStone is a junior exploration company based in South Africa, with skills that primarily focus on palaeo-placer and hydrothermal gold deposits.

GoldStone was admitted to AIM in March 2004 with the objective of continuing the exploration of two areas in Guyana in order to find economically mineable gold palaeoplacers. Having undertaken an extensive exploration and evaluation programme, the Company successfully discovered 21 palaeoplacers exhibiting similar geological characteristics to the Witwatersrand. While a number of the palaeoplacers were found to contain anomalous quantities of gold, the low tenor, sporadic occurrence and lack of lateral continuity of the intersections made during the drilling programme led to the Company concluding that the likelihood of finding economic deposits was remote. A decision was taken in August 2006 to cease all gold exploration in Guyana.

A lateritic bauxite deposit is also located within the Guyana permit areas held by the Company. During 2008 several parties expressed an interest in this bauxite deposit and have commenced project reviews. As a result of the Board’s recent decision to refocus GoldStone’s exploration activity on gold, the company would consider finding partners for its bauxite project.

GoldStone currently has cash resources of approximately US$2,2 million. With the cessation of the gold exploration programme in Guyana the Directors are active in seeking new gold and possibly associated uranium exploration opportunities internationally.

Updated: 5 May 2008

Tel: +27 (0)21 794 4004 | Fax: +27 (0)21 794 4068 | Email:
Ground Floor, PSG House, Alphen Office Park, Constantia Main Rd, Constantia, 7806, South Africa
Registered Address: Heron House, L'Avenue de la Commune, St Peter, Jersey, JE4 8XB, Channel Islands