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GoldStone says Randgold to focus on Gangara and Bandafassi prospects at Sangola

Last updated: 07:25 18 Feb 2014 GMT, First published: 08:25 18 Feb 2014 GMT

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GoldStone Resources (LON:GRL) said joint venture partner Randgold Resources (LON:RRS) will focus its exploration activities on the Gangara and Bandafassi prospects at the Sangola project in Senegal to identify additional drill targets.

The Gangara and Bandafassi prospects cover an area where Randgold recently identified a previously unknown extension of the MTZ structure, which controlled the formation of Randgold's 3mln ounce Massawa gold deposit to the north-east.

AIM-listed GoldStone said assay results of a drilling programme completed by Randgold on the Baraboye and Ibel prospects have been received. The best results included 7 metres (m) at 1.5 grammes a tonne (g/t), 6m at 0.7 g/t and 11m at 0.5 g/t.

Randgold will focus its exploration work on Gangara and Bandafassi as the results from the Baraboye and Ibel prospects do not justify an immediate follow-up programme, GoldStone said.

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