GYSTD News Graystone Company Announces October Pr
Post# of 98045
Posted On: 11/12/2014 10:08:05 AM
GYSTD News
Graystone Company Announces October Production Results and Copper Campaign #3 Update
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The Graystone Company, Inc. (USOTC:GYSTD)
Intraday Stock Chart
Today : Wednesday 12 November 2014
Click Here for more The Graystone Company, Inc. Charts.
The Graystone Company (OTC: GYST) announced today that the Company’s mining operations generated approximately 663 grams of gold during the month of October, 2014.
Peru Copper Update: The Company has produced and/or sourced approximately 173 tons of copper/gold ore for this copper campaign #3.
153 tons has arrived at the companies contracted processing plant in Nazca, Peru. The Company anticipates 50-60 more tons of copper ore will be delivered to the plant sometime this week. The plant has provided a processing date of November 16, 2014. This process should be completed on or about November 22, 2014.
Results will be released on the OTCmarkets.com website when available.
Suriname 3 Update:
The company continues to prospect and produce on a limited basis via bulk prospecting on its suriname3 claim. Recent Ore test sample results can be found on the OTCmarkets.com web site.
http://www.otcmarkets.com/stock/GYST/news/Geo...32&b=y
The company has contracted with a Brazilian engineering and geological operator to commence a tunneling project on Suriname 3. Based on our limited drilling and lab analysis, our team has determined that a tunnel project would be the most cost effective method to further our bulk sampling/production for the site. The operator will receive a 30% royalty based on the gross production of the tunnel project. All workers on site have requested and were granted a percentage of gold produced waiving their monthly salary. The company sees this as a vote of confidence from the line workers who are currently on site. Preparation for the tunnel project has been completed and the first 17 meters of the tunnel were excavated this week.
Drilling results:
The drilling program comprised of 5-diamond drill holes totaling 300 meters designed to identify the approximate strike depth of previously identified gold bearing structures.
Drill targets were prioritized and were based on previous exploration including; surface mapping, exposures in small miner's working, historic underground development and drilling as well as soil and rock geochemistry and LIDAR surveying.
Graystone CEO Paul Howarth stated on behalf of its joint venture partners: "Based on our very limited budget, it is a testament to our prospect team to identify quality drill targets, favorable infrastructure, and so far positive exploration results.”
Graystone Company Announces October Production Results and Copper Campaign #3 Update
Alert
The Graystone Company, Inc. (USOTC:GYSTD)
Intraday Stock Chart
Today : Wednesday 12 November 2014
Click Here for more The Graystone Company, Inc. Charts.
The Graystone Company (OTC: GYST) announced today that the Company’s mining operations generated approximately 663 grams of gold during the month of October, 2014.
Peru Copper Update: The Company has produced and/or sourced approximately 173 tons of copper/gold ore for this copper campaign #3.
153 tons has arrived at the companies contracted processing plant in Nazca, Peru. The Company anticipates 50-60 more tons of copper ore will be delivered to the plant sometime this week. The plant has provided a processing date of November 16, 2014. This process should be completed on or about November 22, 2014.
Results will be released on the OTCmarkets.com website when available.
Suriname 3 Update:
The company continues to prospect and produce on a limited basis via bulk prospecting on its suriname3 claim. Recent Ore test sample results can be found on the OTCmarkets.com web site.
http://www.otcmarkets.com/stock/GYST/news/Geo...32&b=y
The company has contracted with a Brazilian engineering and geological operator to commence a tunneling project on Suriname 3. Based on our limited drilling and lab analysis, our team has determined that a tunnel project would be the most cost effective method to further our bulk sampling/production for the site. The operator will receive a 30% royalty based on the gross production of the tunnel project. All workers on site have requested and were granted a percentage of gold produced waiving their monthly salary. The company sees this as a vote of confidence from the line workers who are currently on site. Preparation for the tunnel project has been completed and the first 17 meters of the tunnel were excavated this week.
Drilling results:
The drilling program comprised of 5-diamond drill holes totaling 300 meters designed to identify the approximate strike depth of previously identified gold bearing structures.
Drill targets were prioritized and were based on previous exploration including; surface mapping, exposures in small miner's working, historic underground development and drilling as well as soil and rock geochemistry and LIDAR surveying.
Graystone CEO Paul Howarth stated on behalf of its joint venture partners: "Based on our very limited budget, it is a testament to our prospect team to identify quality drill targets, favorable infrastructure, and so far positive exploration results.”
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