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JORC Resource at Akrokerri
JORC Resource at Akrokerri.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 6148H Goldstone Resources Ltd 01 June 2011 \n \n\nGoldstone Resources LTD\nJORC COMPLIANT AKROKERRI GOLD RESOURCE\nJORC COMPLIANT GOLD RESOURCE ESTIMATE FOR THE AKROKERRI PERMIT, ASHANTI GOLD BELT, GHANA\nThe directors of GoldStone Resources Ltd (\"GoldStone\" or the \"Company\") are pleased to announce that the Company has received a mineral resource estimation (\"the Estimate\") which is compliant with the Joint Ore Reserves Committee of Australasia (JORC) reporting code, for the Company's Akrokerri permit (\"Akrokerri\"). \n \n· The Estimate's resource area is the direct southern extension of the Company's previously reported Homase gold resource. \n· The resulting total gold resource for the Homase/Akrokerri project is now 405,600 ounces. \n· Potential extensions of the mineralisation at both Homase and Akrokerri will be tested during the upcoming drill programme. The drilling programme is aimed at upgrading the gold resource and is scheduled to commence during early June 2011.\nThe Akrokerri gold resource, which was calculated from historical drill data, is 2.55 million tonnes of ore at an average grade of 1.5 g/t gold, containing 123,000 ounces of gold. The Estimate has been compiled by SEMS Exploration Services Limited, an independent West African based firm of consulting geologists, engineers and surveyors. Results of the Estimate, for which a cut off grade of 0.5 g/t gold was applied, are summarised below:\nAKROKERRI RESOURCE BY CATEGORY\n\n\n\n\n\n\n\nTonnage\n\n\nGrade\n\n\nContained Gold\n\n\n\n\n\n\n\n\n\n\n(g/t)\n\n\n(ozs)\n\n\n\n\nIndicated\n\n\n995,000\n\n\n1.57\n\n\n50,000\n\n\n\n\nInferred\n\n\n1,560,000\n\n\n1.45\n\n\n73,000\n\n\n\n\nTOTAL\n\n\n2,555,000\n\n\n1.50\n\n\n123,000\n\n\n\n\nApproximately 34% of the Akrokerri resource is contained in oxidised ore (see the table below) and the balance within the transitional and sulphide zones.\nAKROKERRI RESOURCE BY OXIDATION\n\n\n\n\n\n\n\nTonnage\n\n\nGrade\n\n\nContained Gold\n\n\n\n\n\n\n\n\n\n\n(g/t)\n\n\n(ozs)\n\n\n\n\nOxidised\n\n\n860,000\n\n\n1.53\n\n\n42,000\n\n\n\n\nFresh\n\n\n1,695,000\n\n\n1.48\n\n\n81,000\n\n\n\n\nTOTAL\n\n\n2,555,000\n\n\n1.50\n\n\n123,000\n\n\n\n\n \nThe combined Homase/Akrokerri gold resource is 8.8...