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Goldstone says preliminary drilling at Homase-Akrokerri augurs well

Published: 08:46 03 Feb 2017 GMT

Ghana thumbs up
The Homase-Akrokerri project is in Ghana.

Goldstone Resources Ltd (LON:GRL) has been encouraged by the results of a short auger drilling programme at its Homase-Akrokerri project in Ghana.

The programme was undertaken to test three of the initial nine targets identified from the review of the 2012 VTEM survey.

Test results from all three targets demonstrate some gold anomalies, with two zones being of particular significance.

The first of these, dubbed Eureka, has a marked anomaly over a strike of a least 200 metres.

Meanwhile, Eureka SW has an anomalous zone of greater than 15 parts per billion gold identified over a distance of 300 metres.

"The review of historical data is deemed a necessity to ensure we understand the potential of these two licences, which have not been fully explored to date,” explained Neil Gardyne. Chairman of Goldstone.

“The results of this auger drilling to the south-east of the Homase pit on the parallel identified zones, has demonstrated the potential to increase the mineralisation footprint within the licence areas. We are encouraged by the results and believe they highlight the potential for discovery of additional gold mineralisation zones."

Shares in Goldstone were trading at 1.48p in early deals, down from 1.52p overnight.

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