Business
Gold anomaly identified at Akrokeri-Homase Project
Gold anomaly identified at Akrokeri-Homase Project.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 9253R Goldstone Resources Ltd 20 June 2018 \n\n20 June 2018\n \nGOLDSTONE RESOURCES LIMITED\n(\"GoldStone\" or the \"Company\")\n \nGold anomaly of over 8km identified at Akrokeri-Homase Project\n \nGoldStone Resources Limited (AIM: GRL), is pleased to announce the identification of a >8 km gold-in-soil anomaly at its Akrokeri-Homase Gold Project (\"AKHM\" or the \"Project\"), located 12 km along strike from AngloGold Ashanti's +70 million ounce Obuasi Gold Mine in South-West Ghana.\n \nThe >8 km gold-in-soil anomaly, which runs from the historic Akrokeri underground mine (\"Akrokeri Mine\") to north of the Homase open pit (\"Homase Pit\"), see Figure 1 below, has been identified following a review of the results from the recent geochemical soil sampling programme (announced 25 January 2018) (\"2018 Soil Programme\") and historic field work.\n \nOverview\n· >8 km gold-in-soil anomaly identified following the review of results for the 2018 Soil Programme and historic data\n· Gold anomaly contains the historic Akrokeri Mine and the Homase Pit, as well as demonstrating along strike extensions to both mines\n· 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\n· Scoping study commenced to better define the oxide resource potential of the >8 km Homase Mineralised Trend (\"Homase Trend\") to the north and south of the Homase Pit\n· 2018 Soil Programme has also defined a gold in soil anomaly for 2.4 km south of the Akrokeri Mine\n· Parallel mineralised gold structures also delineated, which may provide further mineral resource upside potential following evaluation work\n \nGoldStone's Chief Executive Officer, Emma Priestley, commented:\n\"The potential size, scale and grades at our AKHM continue to improve, providing significant support for our recently implemented strategy to commence commercial gold production within two years.\n\"These results of the 2018 Soil Programme, when combined wi...