Business
Application for Exploration P
Application for Exploration P.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n RNS Number : 2949U Goldstone Resources Ltd 13 May 2008 \n \nGOLDSTONE RESOURCES LTD\n\nAPPLICATION FOR EXPLORATION PERMITS\n\n\nThe Directors of GoldStone Resources Ltd ('GoldStone' or the 'Company') are pleased to announce that the Company has lodged applications for three gold exploration permits in Senegal, West Africa. The applications are the result of positive research into the prospectivity, political stability and mining legislation of Senegal.\nThe Sangola (471 km2), Dindefelou (280 km2) and Velingara (575 km2) licences applied for all lie within the prospective Kenieba inlier of the Birimian Formation and are close to the border of Guinea. Two of the permit areas in question contain potential hydrothermal gold mineralization, whilst the third may contain palaeoplacer gold mineralization. The directors believe that these areas have not been explored using modern techniques and accordingly may hold the potential for new gold discoveries. Senegalese mining legislation provides for a processing period of six months from the date an exploration application is lodged.\nAPPROVAL\nDr Lawrie Minter, who holds a PhD in palaeoplacer sedimentology has reviewed and approved the content of this announcement.\n\n\n\n \nEnquiries:\n \n\n\n\n\n\nGoldStone Resources Ltd\n\n\n00 27 21 794 4004\n\n\n\n\nNico van der Hoven (Chief Executive Officer)\n\n\n \n\n\n\n\n \n\n\n\n\n\nHanson Westhouse Limited\n\n\n0113 246 2610\n\n\n\n\nTim Feather / Matthew Johnson\n\n\n \n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCILFIIESIVLIT \n ","length":6407,"tagName":"div"}]