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Akrokerri Deep Trenches and Licences Update
Akrokerri Deep Trenches and Licences Update.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 0398Q Goldstone Resources Ltd 07 September 2017 \n \n\n7 September 2017\n \nGOLDSTONE RESOURCES LIMITED\n(\"GoldStone\" or the \"Company\")\n \nOperational Update - Akrokerri Deep Trenches and Licences\n \nGoldStone Resources Limited (AIM: GRL) announces the results of a deep trenching programme, completed as the first step of the pit definition programme announced on 17 July 2017, on the Akrokerri Licence in Ghana. The trenching was undertaken to define the extent of the mineralisation in the near-surface oxide zone of the known deposit and augment the findings from the continued review by the Company of the historical database for the Homase and Akrokerri licences.\n \nThe Company dug four trenches (Figure 1), two in each of the proposed pits, within the Southern part of the 2012 JORC Code compliant resource (\"Current Resource\"). The trenches, located on the Southern part of the Current Resource and along strike from the old Homase pit, were identified as having a high potential for an initial open pit for heap-leach production within the oxide zone. The trenches were dug to a depth of 7 metres and channel samples were taken near the bottom of each trench in 1 metre consolidated intervals.\n \nFigure 1. Location of trenching within the Proposed Pit Outlines in the Akrokerri Licence\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/0398Q_1-2017-9-6.pdf\n \n \nThe trenches showed economic intersections of up to 14 metres true width with grades of up to 4.5 g/t of gold (see Table 1). Both widths and grades shown in the trenches were above the Company's expectation, exceeding the intersections of nearby drill holes (see Figure 1) by approximately 20 per cent. This indicates the potential for increased gold content in the upper oxide zone. The trenching also indicated that the zones have a free digging potential, which would reduce production costs considerably if the material is shown to be consistent. \n \nFurther trenching is now being set out to assess the extent of the mineralised zone within the Akrokerri Licence and the Company is currently conducting a pit definition reverse circulation (RC) drilling programme within the proposed pits.\n \nThe geology within the licences is typical for the Obuasi area. The mineralisation is contained within a highl...