Graystone Company Announces Record Gold Production for May 2014
June 05 2014 - 9:00AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately
807.40 grams of gold during May 2014. This represents the best
month of production for the Company. “As were going deeper on two
of our Gold claims we are finding the gold concentrations are
increasing.” said Graystone CEO. We have contracted with a local
drilling company a limited drilling campaign on one of our sites
that will give us an indication of what is 10-50 meters deeper. “As
our revenue grows, we plan on doing more extensive drilling on our
gold claims and prospecting areas to better predict where we should
focus our efforts.”
Copper
The ore from our first copper campaign has been processed at our
plant in Nazca, Peru and is in the drying stage of the process.
This stage will take an estimated 4-6 days to complete. The company
has already secured a buyer for the copper concentrate. Once the
concentrate is sold, it will be combined with other purchases from
this buyer and sent to china. The company bagged samples every 30
minutes while the ore was being processed and will have an estimate
of value early next week, with the sale being completed by the end
of next week.
The company will release the cost per ton, gross revenue per
ton, and profit per ton as soon as actual figures are
available.
The company anticipates this first copper campaign will be
profitable.
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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