Business
Senegal and Ghana Projects Update
Senegal and Ghana Projects Update.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 9676G Goldstone Resources Ltd 20 May 2011 \n \n\n \nGoldStone Resources Limited\n \n(\"GoldStone\" or the \"Company\")\n \n \nPositive early exploration results from Senegal and Ghana\n \nKey Points:\n· Initial results from surface sampling in Senegal (Sangola) highlight an eight kilometre prospective corridor for hydrothermal mineralisation. Anomalous gold has been identified over an interpreted splay off the Main Transcurrent Fault Zone\n· Soil sampling in Ghana at Manso Amenfi has detected multiple gold in soil anomalies which are interpreted to be parallel to the gold-bearing Salman and Ayanfuri structures\n \nDr. Hendrik Schloemann, GoldStone's Exploration Director, commented: \"These are the first results received for two of our key exploration properties in Ghana and Senegal. We are very encouraged by the results received to date as they display multiple surface gold anomalies peaking at values above 100 parts per billion (\"ppb\") gold and occurring over a total strike length of 40 kilometres. Once all data has been collated, we plan to rapidly analyse these anomalies to define trenching targets and to further assess their economic significance.\"\n \nSangola Permit - Senegal\nA termite mound sampling progamme covering most of the 471 km2 permit area in Eastern Senegal has been completed. A total of 8,150 samples were taken from termite mounds along north-south trending lines to detect any gold mineralisation in the underlying Birimian rocks. The analyses of pathfinder elements has been completed for all samples, however the Company has received gold results for only 2,500 of the 8,150 samples. The results for silver and arsenic clearly confirm the location of the gold-fertile Main Transcurrent Shear Zone (\"MTZ\") in the permit area. Further to the north-east the same structure controlled the formation of the 3.4 million ounce Massawa gold deposit. The limited number of gold results received to date indicates that gold mineralisation is present at various locations and in one case is associated with secondary structures (splays) along the margin of the MTZ. A full interpretation of the data will be provided once the gold results have been received for all samples....