Graystone Company Announces Expansion of Suriname Operations
April 17 2014 - 2:40PM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company has expanded its operations to a 2nd additional site and
purchased heavy equipment from the proceeds of the Company’s mining
operations.
The Company’s joint venture, Arara Mining, entered into a
contract to allow the joint venture to begin mining operations on a
2nd claim in Suriname that is approximately 10 miles for the joint
venture’s current site. During the recent downtime, the joint
venture has conduct prospecting operations on the new site. The
Company expects mining operations to begin within the next 45 days
on the new site. The Company’s first site is currently conducting
mining operations.
To handle the operations of the 2nd site, the joint venture has
purchased 2 additional 5-ton per hour crushers and a 2nd full size
excavator. The equipment was purchased from the proceeds of the
Company’s South American mining operations.
The Company will announce mining results on or about April 25th.
Additionally, we have been asked the exact locations of the mining
sites; however, for security reasons the Company has decided not to
disclose this information.
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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