GoldStone completes first-phase drilling at Homase

GoldStone Resources says the first-phase diamond drilling programme on the Homase licence in Ghana has now been completed.

Three holes totalling 797 metres have been drilled to explore the strike extensions of known ore shoots beneath the open pits that exploited higher-grade oxide material in 2001/02.

Initial examination of core indicates encouraging signs of gold mineralisation and the company is awaiting assay results from the laboratory.

But GoldStone says until the assays are received, no specific value, if any, can be attributed to these initial observations nor can it be determined at this stage whether the results will add to the existing JORC-compliant resource for Homase-Akrokerri of 602,000 oz gold. The company will provide an update as soon as the data becomes available.

At 9:42am: (LON:GRL) GoldStone Resources Ltd share price was +0.03p at 1.45p