Graystone Company Announces Production and Corporate Update
April 24 2014 - 9:45AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately
374.90 grams of gold through April 12th, 2014. When selling
the gold produced, based on its purity and market fluctuations, we
have been averaging between $34.00 to $42.00 USD per gram. The
Company will provide an additional update on its production numbers
on or about May 5 representing the entire month of April’s
production. The Company did release its mining employees on
Wednesday April 16th for Holy week, so they could spend Good Friday
through Easter Sunday with their Families. Mining Operations
resumed at 12pm on Monday April 21st. As a result, we will see a
smaller than normal output for that same time period. “We will do
our best to make it up during the last 10 days of the month,”
stated Paul Howarth, Graystone CEO.
We anticipate our copper operation in Peru will start to
transport the stockpiled copper ore to the processing plant
sometime before April 30, 2014.
Our second Mining site in Suriname is progressing ahead of
schedule. We anticipate it will be fully operational by the end of
the month. We anticipate this additional capital investment will
start to show increased production results sometime in May 2014.
Our ongoing prospecting / drill samples at the site continue to
test very well. The company hopes to have its first Mini cleanout
prior to our next update on May 5, 2014.
“Our company has come out of the gates strong during Q1 and so
far in Q2 2014. We are very pleased with the additions of the Peru
Copper mine site and the additional Gold site in Suriname,” stated
Graystone CEO Paul Howarth. “I feel the company has turned a new
page in its brief history, for the positive, and we are determined
to continue to hit new production milestones. I have never deviated
from my original game plan and that perseverance is starting to
show positive results. Employee morale at all of our mining camps
is running very high right now. That’s typical when a new Jr. Miner
starts to hit consistent, high quality pay dirt.” “Oh, and no more
Asher Enterprises 'killing the bid' doesn’t hurt shareholder morale
either, IMO,” snipes Howarth.
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
Graystone (PK) (USOTC:GYST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Graystone (PK) (USOTC:GYST)
Historical Stock Chart
From Sep 2023 to Sep 2024