Graystone Company Announces Record Production and Corporate Update
April 04 2014 - 9:00AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately 750
grams of gold during March 2014. This represents the best month of
production in the Company's history; more than doubling the
previous record. The Company will provide an additional update on
its production numbers on April 25th representing the initial
two weeks of April’s production.
On Saturday, March 29, 2014 the company starting testing the
high-grade ore from its copper mine and sent samples to a local
lab. On March 31, 2014, the company received initial lab reports
from the test samples. The initial results indicated the Company’s
high-grade copper ore samples contained 6% copper.
The company was only expecting a 2.5% - 3.0% copper level.
On April 1, 2014 the Company received additional lab reports
from drill samples taken from unexplored areas of the copper mine.
These additional test samples contained a high-end level of 23.1%
copper and a lower level of 14% copper. A copy of the reports can
be found here. The company will continue to take drill samples of
the unexplored areas of the mine to determine future “pick sites”
for production.
Additionally, on March 31, 2014, the Company agreed to a 10-year
agreement on its joint venture with the copper mine in Peru. The
Joint Venture contract is under the name of our subsidiary, Grupo
Mineral Inca "GMI." Thereby, providing the Company long-term
security as it continues to expand the copper mines operations and
exploration.
The Company has retained the geology firm Gateway Solutions, PE
to perform a 43-101 report on the Companies copper mine project and
will provide those results once the report has been obtained. The
report will take 4-6 months to complete.
This report will provide both an independent assessment of the
economic geologic potential and also an estimate of 43-101
compliant resources in-place in the area.
This report is limited to a 43 – 101 compliant resource
projection only.
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 on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Contacts:The Graystone Company, Inc.Paul Howarth(702)
289-4827info@graystonegold.comwww.graystone1.com
The Graystone Company, Inc.Paul Howarth,
702-289-4827info@graystonegold.comwww.graystone1.com
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