GoldStone Resources Ltd (GRL)

Sector:

Mining

 2.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.15
  • 52 Week Low: 2.13
  • Currency: UK Pounds
  • Shares Issued: 498.51m
  • Volume: 0
  • Market Cap: £10.72m
  • RiskGrade: 381

Goldstone Resources strikes gold in first round of drilling in Gabon

Date: Tuesday 18 Dec 2012

LONDON (ShareCast) - GoldStone Resources, the AIM-listed company focused on gold exploration in West and Central Africa, has published the first drill results for its Oyem Project in Gabon.

The company revealed that gold had been identified in first round of drilling and initial interpretation suggested that the first hole intersected a 120m wide deformational zone containing high grade primary gold mineralisation.

Exploration Director Dr. Hendrik Schloemann commented: "These first results confirm our expectation of significant mineralisation at Oyem. Assay results have been received from only two holes of the nine hole program. From the initial interpretation we have been able to identify a 120m wide deformational zone that appears to control the mineralisation.

"We are especially pleased that the first hole into this 120m wide deformational zone has yielded meaningful grades and are optimistic that similar results can be achieved in the holes currently being assayed."

Results from the remaining seven holes are expected early in the New Year.

MF

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GRL Market Data

Currency UK Pounds
Share Price 2.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.15
52 Week Low 2.13
Volume 0
Shares Issued 498.51m
Market Cap £10.72m
RiskGrade 381

GRL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average
65.41% below the sector average65.41% below the sector average65.41% below the sector average65.41% below the sector average65.41% below the sector average
Value
29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average
65.41% below the sector average65.41% below the sector average65.41% below the sector average65.41% below the sector average65.41% below the sector average
Income Not Available
Growth Not Available

GRL Dividends

No dividends found

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