Last 0.40 GBp
Change Today -0.05 / -11.11%
Volume 115.7K
GRL On Other Exchanges
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As of 11:30 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

goldstone resources ltd (GRL) Snapshot

Open
0.40 GBp
Previous Close
0.45 GBp
Day High
0.40 GBp
Day Low
0.40 GBp
52 Week High
09/19/13 - 2.23 GBp
52 Week Low
08/19/14 - 0.38 GBp
Market Cap
1.6M
Average Volume 10 Days
521.5K
EPS TTM
-0.0080 GBp
Shares Outstanding
403.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for GOLDSTONE RESOURCES LTD (GRL)

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goldstone resources ltd (GRL) Details

Goldstone Resources Limited explores for and mines gold and associated elements in West and Central Africa. The company owns interest in the Homase-Akrokerri project, which covers an area of approximately 143 square kilometers located in the Bekwai district, Ashanti region; and the Manso Amenfi project that covers an area of approximately 83 square kilometers located in the Wasa Amenfi West district in Ghana. It also holds interests in the Ngoutou project covering an area of approximately 515 square kilometers located in eastern Gabon; and the Oyem permit covering an area of approximately 516 square kilometers located in northern Gabon. In addition, the company has joint venture interests in Sangola Licence covering an area of 471 km² located west of Kedougou in Senegal. Goldstone Resources Limited was incorporated in 1998 and is based in Saint Helier, the Channel Islands.

Founded in 1998

goldstone resources ltd (GRL) Top Compensated Officers

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goldstone resources ltd (GRL) Key Developments

Goldstone Resources Ltd. Announces Final Consolidated Earnings Results for the Year Ended 28 February 2014

Goldstone Resources Ltd. announced final consolidated earnings results for the year ended 28 February 2014. For the year, the company reported loss from operating activities of $1,696,824 compared to $6,486,366 reported a year ago. Loss before tax was $1,695,841 compared to $6,481,450 reported a year ago. Loss from continuing operations was $1,695,841 compared to $6,481,450 reported a year ago. Total comprehensive loss for the year was $1,695,841 or $0.004 per diluted share compared to $6,481,450 or $0.020 per diluted share reported a year ago. Net cash used in operating activities was $1,360,757 compared to $6,939,874 reported a year ago. Acquisition of property, plant and equipment was $5,235 compared to $30,216 reported a year ago.

GoldStone Provides Overview of the Continuing Prospectivity of its Sangola Permit in Senega

GoldStone provided an overview of the continuing prospectivity of its Sangola permit in Senegal. A number of prospects considered appropriate for further work by GoldStone's technical team, together with their recommended actions: Thiabedji: RC drilling confirmed low-grade mineralisation over a 70m wide zone to a depth of approximately 100m. Drill holes in this zone yielded 39m @ 0.67g/t (including 7m @ 2.19g/t; including 2m @ 5.39g/t), 38m @ 0.34g/t, 30m @ 0.28g/t and 27m @ 0.45g/t in a promising structural setting. Deeper drilling should be carried out to test if these intersects demarcate the peripheral portion of a higher-grade system. Baraboye: Results from RC drilling along very widely spaced lines (between 1.6 km and 2.7 km apart) confirmed low-grade mineralisation over a 100m wide zone to a depth of approximately 100m. Drill holes in this zone yielded 7m @ 1.53g/t (including 1m @ 8.35g/t), 6m @ 0.72g/t (including 1m @ 2.24g/t), 9m @ 0.52g/t (including 1m @ 2.54g/t) and 16m @ 0.16g/t and 9m @ 0.25g/t in sheared andesites of the central Baraboye structural corridor. Infill and deeper drilling should be carried out to test for potential higher grade mineralisation. Also at Baraboye a drill line across the central structure should be extended to the north-west in order to test the best part of the gold anomaly at surface. Tiobo South: This structure, which was inferred from magnetic data, is parallel to the Tiobo main structure and coincides with a limited gold anomaly at surface. However, this area is covered by laterite which can weaken the geochemical response at surface and follow up soil sampling should be carried out to resolve this anomaly. Gangara: a surface gold anomaly close to the village of Gangara coincides with the location of the gold fertile MTZ structure, as recently re-interpreted by Randgold. No drill testing has been carried out over this prospect. Geological mapping and infill surface sampling should be carried out to define this area further. Bandafassi, Lankanta and Samalia: These prospects were defined by Randgold and contain interesting structural targets and in the case of Lankanta a stream sediment anomaly. Further geological mapping and possible in-fill soil sampling is justified.

Goldstone Announces Termination of Joint Venture with Randgold

GoldStone announced that on April 2, 2014 it received notice of termination from Randgold Resources (Senegal) Limited in relation to the company's joint venture with Randgold over the Sangola licence in Senegal. The notice period is 90 days and the company does not expect Randgold to undertake any further work on the licence.

 

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