Source - SMW
GoldStone Resources' auger drilling programme at the Homase-Akrokerri project in the highly prospective Birimian-age Ashanti gold belt of West Africa has begun, with 93 of the planned 120 holes drilled to date.


-         Two teams mobilised to conduct 120 hole auger programme

*  93 auger holes completed, remaining 27 holes to be completed shortly

-       Multi-purpose reverse circulation/diamond drill rig will shortly be mobilised on site to test the extensions of the current 602,000 ounce delineated JORC resource

-  initial programme will comprise up to 2,500m of RC drilling

-   rig has the capability to undertake deeper drilling if warranted by the initial results

-        Homase-Akrokerri lies 10km from the Obuasi Mine, one of the world's major gold mines, with combined historical and current resource of c.42 million ounces identified to date

The 2015 auger drilling programme identified, among other targets, a 1,500m gold-in-regolith anomaly at the AK02 prospect on the Akrokerri licence, immediately south west and along strike of the 602,000 ounce JORC resource Homase-Akrokerri deposit.  

The Akrokerri licence is contiguous with the licences of Anglo Gold Ashanti's Obuasi Mine and the geology within Goldstone's Homase-Akrokerri Project area is interpreted to be similar to that which hosts the Obuasi mineralisation.

The AK02 prospect has been prioritised for the planned RC drilling programme of up to 2,500m, whilst the ongoing auger programme is designed to evaluate areas of ground between the anomalous zones identified in 2015.

The multi-purpose RC/DD rig contracted from Geodrill Limited will be on site shortly and is expected to commence drilling operations towards the end of September.

The DD capability will enable the Company to follow-up on zones of interest identified by the planned RC drilling and to test higher-grade zones of mineralisation beneath the existing resource.