Graystone Company Announces Gold and Copper Production Update
May 27 2014 - 9:00AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately 618
grams of gold so far for the month of May 2014. This update
covers the time period of April 28, 2014 through May 24, 2014. The
company has one week of production remaining for the month.
Factoring in the fluctuating purity and gold prices, the company
has been averaging between USD $33.00 and $39.00 per gram when its
gold is sold at local refineries. The gold project also pays its
workers a fixed percentage of the gold produced after every clean
out. The Company will provide final May totals on or about June 5,
2014.
The Company’s copper project in Peru has completed its 200 ton
copper ore minimum as required by its processing plant in Nazca,
Peru. The plant has provided the company a processing date of June
3, 2014. The process takes approximately 7-10 days to complete. The
company has retained a Metal Ore Scientist to supervise the
processing. This scientist is independent from the processing
facility but remains on site during the entire process. The company
CEO is also in Nazca, Peru after visiting its Suriname mining
sites. The company anticipates new pictures and videos will be
posted to its flicker and you tube pages some time before the end
of June 2014.
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.Joseph Wade(702)
289-4827info@graystonegold.comwww.graystone1.com
The Graystone Company, Inc.Joseph Wade,
702-289-4827info@graystonegold.com
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