GoldStone holds a 90% interest in the Homase Licence. The Homase Open Pit is located approximately 12km along strike from AngloGold Ashanti’s Obuasi Mine which has a total historical and current resource in excess of 70M oz Au.

Homase previously produced 52,000 oz Au from one open pit at a final recovered average grade of 2.5g/t. GoldStone’s work has defined initial JORC compliant resources of 602,000 oz Au at 1.77 g/t from southern and northern extensions which could be heap leached or toll treated in the near future.

Historic trenching indicates high grade gold mineralisation, including 15.0 metres @ 6.31 g/t Au which includes 4.5 metres @ 18.23 g/t Au from a trench in the Homase North Resource Zone. GoldStone’s recent soil geochem programme coupled with the review of historical data has identified a >8km gold-in-soil anomaly, the Homase Trend. This extends both to south and north of the pit and contains the 4km resource zone which remains open at depth and along strike.

For more information on Homase, please see our latest presentation