Graystone Company Announces September Production Results
October 14 2014 - 9:00AM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately 774
grams of gold during the month of September, 2014.
Also, the company is reviewing offers from two larger mining
companies for two of its gold claims in South America. The
companies are offering to take over operations on the two claims in
return for production royalties. The offers include expanding
prospecting on the sites and taking over the operational costs. The
companies spent the last 30 days doing testing on the sites and
feel the results were promising enough to make an offer for the
sites.
Copper update: the company has produced and or sourced
approximately 100 tons of copper/gold ore. The company stopped
sourcing bulk ore purchases for the last two weeks to allow the
falling copper prices to settle. Because of their lack of
technology and communications, it takes longer for remote mining
sites to catch up with the reality of rapidly moving copper and
gold prices. Metal prices seem to have stabilized and gold is
making a small retrace to the upside. The company resumed the
sourcing of bulk ore this week. The company anticipates having
200-250 tons of ore ready to process by the end of November
2014.
The company continues to produce and prospect on its Suriname3
claim. Recent Ore test sample results can be found on the
OTCmarkets.com web site.
http://www.otcmarkets.com/stock/GYST/news/Geo-map-of-Suri-3-for-The-Graystone-Company-and-Arara-Mining?id=89432&b=y
Pictures and videos of the copper campaigns can be found at
www.graystone1.com
Or on the companies Flickr page:
https://www.flickr.com/photos/68047029@N04/
Or YouTube channel: http://www.graystone1.com/our-videos-2
Or Facebook:
https://www.facebook.com/pages/The-Graystone-Company-Inc/244666725585694
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 for the most recent fiscal year, our quarterly reports and
other periodic reports filed from time-to-time with the Securities
and Exchange Commission and or otcmarkets.comThis press release may
also contain or refer to forward-looking information under SEC
securities legislation and may include statements regarding the
estimation of mineral resources, exploration results, potential
mineralization, and exploration and mine development plans, and is
based on current expectations that involve a number of business
risks and uncertainties. Forward- looking statements are subject to
significant risks and uncertainties, and other factors that could
cause actual results to differ materially from expected results.
Readers should not place undue reliance on forward-looking
statements. Factors that could cause actual results to differ
materially from any forward-looking statement include, but are not
limited to, failure to convert estimated mineral resources to
reserves, capital and operating costs varying significantly from
estimates, the preliminary nature of metallurgical test results,
delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects and the other risks involved in the mineral
exploration and development industry forward-looking statements are
subject to significant risks and uncertainties, and other factors
that could cause actual results to differ materially from expected
results. These forward-looking statements are made as of the date
hereof and the Company assumes no responsibility to update them or
revise them to reflect new events or circumstances other than as
required by law.
Contacts:The Graystone Company, Inc.Alfred Mendoza(702)
289-4827info@graystonegold.com
The Graystone Company, Inc.Alfred Mendoza,
702-289-4827info@graystonegold.com
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