Graystone Company Announces October Production Results and Copper Campaign #3 Update
November 12 2014 - 8:00AM
Business Wire
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-map-of-Suri-3-for-The-Graystone-Company-and-Arara-Mining?id=89432&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.”
Pictures and videos of the copper campaigns can be found at
www.graystone1.com
Or on the Company's Flickr page:
https://www.flickr.com/photos/68047029@N04/
Or YouTube channel: http://www.graystone1.com/our-videos-2
Or Facebook:
https://www.facebook.com/pages/The-Graystone-Company-Inc/244666725585694
About The Graystone Company.
The Graystone Company, Inc. is a U.S.-based mining and exploration
company focused on acquiring and developing gold and other mineral
properties. The Company's strategy is to build value for
shareholders by the identification, acquisition and exploration of
early-stage properties that show significant potential for the
discovery of gold.
Notice Regarding Forward-Looking
Statements in this press release, which are not purely
historical, are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report for the most recent fiscal year, our quarterly reports and
other periodic reports filed from time-to-time with the Securities
and Exchange Commission and or otcmarkets.com
This press release may also contain or refer to forward-looking
information under SEC securities legislation and may include
statements regarding the estimation of mineral resources,
exploration results, potential mineralization, and exploration and
mine development plans, and is based on current expectations that
involve a number of business risks and uncertainties. Forward-
looking statements are subject to significant risks and
uncertainties, and other factors that could cause actual results to
differ materially from expected results. Readers should not place
undue reliance on forward-looking statements. Factors that could
cause actual results to differ materially from any forward-looking
statement include, but are not limited to, failure to convert
estimated mineral resources to reserves, capital and operating
costs varying significantly from estimates, the preliminary nature
of metallurgical test results, delays in obtaining or failures to
obtain required governmental, environmental or other project
approvals, political risks, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration
and development industry forward-looking statements are subject to
significant risks and uncertainties, and other factors that could
cause actual results to differ materially from expected results.
These forward-looking statements are made as of the date hereof and
the Company assumes no responsibility to update them or revise them
to reflect new events or circumstances other than as required by
law.
Contacts:The Graystone Company, Inc.Alfred Mendoza(702)
289-4827info@graystonegold.com
The Graystone Company, Inc.Alfred Mendoza,
702-289-4827info@graystonegold.com
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