Greystar Resources Becomes a Signatory to International Cyanide Management Code
September 22 2010 - 1:00AM
UK Regulatory
TIDMGSL
Greystar Resources Becomes a Signatory to International Cyanide Management Code
FOR: GREYSTAR RESOURCES LTD.
TSX, AIM SYMBOL: GSL
September 22, 2010
Greystar Resources Becomes a Signatory to International Cyanide Management Code
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Greystar Resources Ltd.
(TSX:GSL)(AIM:GSL) (the "Company") is pleased to announce that The International Cyanide Management
Institute (ICMI) has accepted the application of Greystar Resources Ltd. to become a signatory to the
International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the
Production of Gold (Code). The Code is a voluntary industry program for companies involved in the
production of gold using cyanide and companies manufacturing and transporting this cyanide.
By becoming a signatory, Greystar Resources commits to follow the Code's Principles and implement its
Standards of Practice and to have verification audits of the Angostura Gold Project conducted by
independent third-party auditors during its pre-operational phase, within one year of its first
receipt of cyanide, and every three years thereafter. Operations will be certified if found in
compliance with the Code, and will be de-certified if ICMI determines that they no longer comply with
the Code.
The Code was developed under the aegis of the United Nations Environment Programme by a multi-
stakeholder Steering Committee. The Code is intended to complement an operation's existing obligation
to comply with the applicable laws and regulations of the political jurisdiction in which the
operation is located.
ICMI has been established to administer the Code, promote its adoption, evaluate its implementation,
and manage the certification process. A detailed list of the operations covered by signatory
companies' applications, along with the full text of the Code and its implementing and administrative
documents, are available at www.cyanidecode.org.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently
completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit
in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions
average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over
a 15 year mine life.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian
securities legislation. They include statements about the estimated annual production from the
Angostura Project. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties and other contingencies. Many
factors could cause the Company's actual results to differ materially from those expressed or implied
in the forward-looking statements. These factors include, among others, conclusions or realization of
mineral resources, the actual results of exploration activities, possible variations in ore grade or
recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding
requirements, political and foreign risks, production risks, environmental regulation and liability,
government regulation as well as other risk factors set out under the heading "Risk Factors" in the
Annual Information Form dated March 26, 2010 which is available on SEDAR at www.sedar.com. Investors
are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty
therein.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Greystar Resources Ltd.
Victoria Vargas, Vice President Investor Relations
and Corporate Communications
+1 289 242 3599
info@greystarresources.com
www.greystarresources.com
OR
Renmark Financial Communications Inc.
John Boidman
Investor Relations Contact
+1 514 939 3989 or +1 416 644 2020
jboidman@renmarkfinancial.com
www.renmarkfinancial.com
OR
NCB Stockbrokers Limited
Christopher Caldwell
London NOMAD Contact
+44 (0) 20 7071 5200
christopher.caldwell@ncb.ie
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and
neither accepts responsibility for the adequacy or accuracy of this news release.
Greystar Resources Ltd.
Greystar (LSE:GSL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Greystar (LSE:GSL)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Greystar (London Stock Exchange): 0 recent articles
More Greystar News Articles