Graystone Strikes Gold With New Peru Lease
June 15 2012 - 7:30AM
Marketwired
The Graystone Company (PINKSHEETS: GYST) has recently announced
that they have acquired their second lease in Peru (Graystone II)
which is could be estimated to contain nearly 20,000 ounces of
gold. Peru is currently being mined by companies such as Newmont
Mining (NYSE: NEM), Entrée Gold (NYSE MKT: EGI) and Gold Fields Ltd
(NYSE: GFI).
Peru is the world's largest producer of silver, 3rd largest of
copper and 5th largest of gold. It is by far the largest producer
of gold in Latin America. Gold accounts for a third of Peru's
export revenue. The vast reserve of the country's minerals is
regarded to be only 10% explored nationally. This leaves a lot of
potential for companies that secure mining rights.
This newest acquisition comes on the heels of the company's
announcement of their Gorila (Graystone I) site in Peru. Based on
these initial ranges the Company is estimating that the amount of
gold on the Gorila (Graystone I) site could be in excess of
$100,000,000.
For more information, please visit www.graystone1.com
This report is for information purposes only, and is neither a
solicitation to buy nor an offer to sell securities. Information,
opinions and analysis contained herein are based on sources deemed
to be reliable and are subject to change without notice. A third
party has hired and paid IO NewsWire one thousand two hundred and
ninety five dollars for the publication and circulation of this
news release. Accordingly, certain information included herein may
be forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. However, no representation,
expressed or implied, is made as to the accuracy, completeness or
correctness. In light of the above, we accept no liability for any
losses arising from an investor's reliance on or use of this
report. We do not and have not had any ownership interest in said
third party of any kind.
IO NewsWire editor@ionewswire.com
Gold Fields (NYSE:GFI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gold Fields (NYSE:GFI)
Historical Stock Chart
From Jul 2023 to Jul 2024