GoldStone Resources Limited (AIM:GRL), the mining and development company with projects in Ghana, has updated investors on how its upgraded Gold processing plant at its Homase Gold Project in south-western Ghana has improved heap-leach gold recovery rates from 34% to circa 68%, enabling the Company to target 1,000 ounces of Gold production per month.
“We've got average grades of 1.1 grams a tonne and people can very simply do the maths of what the contained gold is going to be agglomerated and stacked on that heap.
“We have some decent grades in this project, not in the oxide cap that we're mining currently, but obviously as the deposit goes deeper, we get into fresh ore that is predominantly non-refractory, which is a big bonus.” Commented Emma Priestley, CEO of GoldStone.
In this interview investors will learn:
- How the company has increased its recoveries up to 68% over the past seven months
- How the company is utilising and interpreting legacy data inherited from former operator Ashanti Goldfields Corporation
- How funds from the recent share subscription are being invested
- How the Company plans to increase production to 1,000 ounces of gold per month
Reasons to put GoldStone Resources Ltd on your watchlist:
- The Homase Gold project is located in Ghana known as the ‘Darling of Africa’ in terms of proven resources, a well-developed service sector and safe mining jurisdiction
- Homase is close to the Obuasi Gold Mine which at one time was one of the world’s ten largest gold mines
- Targeting 1,000 ounces of gold production per month
- The company has its own fully expensed gold room
Goldstone Resources was interviewed by Sarah Lowther for focusIR
