Business
Gabon Exploration Licences Granted
Gabon Exploration Licences Granted.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 2266F Goldstone Resources Ltd 20 April 2011 \n \n\n \n \nGoldStone Resources Limited\n \n(\"GoldStone\" or the \"Company\")\n \n \nGabon Exploration Licences Granted\n \nGoldStone (AIM: GRL), the AIM quoted exploration company focused on gold in West Africa, is pleased to announce that it has been granted the Ngoutou (515 km2) and Oyem (516 km2) exploration licences in Gabon by the Gabonese Mining Department. The licences have both been awarded for a period of three years and can be renewed twice for a period of three years.\n \nIn March 2010 the Company submitted licence applications for the two permits which each contain distinct gold in soil anomalies. The anomalies were discovered between 2005 and 2009 when 14 million euros of European Union funding was applied to outline the mineral prospectivity of Gabon. The gold in soil anomaly associated with the Oyem permit in the northern part of Gabon covers a well-known regional geological structure and gold-prospective Archean rocks. The Ngoutou anomaly in the eastern central part of Gabon has been reported to contain artisanal gold workings and covers Archean and Birimian age rocks. Both gold anomalies are consistent and in excess of fifteen kilometres long. Follow-up soil sampling, trenching and possibly augering will be carried out in order to firm up initial drill targets.\n \nDr. Hendrik Schloemann, GoldStone's Exploration Director, comments: \"The award of the exploration licences in Gabon adds two exciting grassroots exploration opportunities to the Company's portfolio. Our exploration activities now encompass early stage exploration in Gabon through to our more advanced Homase project in Ghana. As a geologist I am particular excited about the granting of the Gabon permits because I believe they both bear the potential for the discovery of substantial gold deposits.\"\n \n \nEnquiries\n \n\n\n\n\nGoldStone Resources Limited\n\n\n+27 21 551 9009\n\n\n\n\nJurie Wessels\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWesthouse Securities Limited\n\n\n+44 20 7601 6100\n\n\n\n\nTim Feather / Matthew Johnson\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nOptiva Securities Limited\n\n\n \n\n\n\n\nJason Robertson\n\n\n+44 20 3137 1906\n\n\n\n\nJeremy...