Graystone Company Announces Gold and Copper Update
June 25 2014 - 1:00PM
Business Wire
The Graystone Company (OTC: GYST) announced today that the
Company’s mining operations generated approximately 725
grams of gold so far for the month of June 2014. This update
covers the time period of June 1, 2014 through June 22, 2014. The
company has 7 days of production remaining for the month.
Currently, the company’s best production month is May 2014, (807
grams).
The company also announced today that its joint venture partner,
Arara Mining, has entered into a 3 year prospecting contract with
the JV’s current claim owner securing the rights to identify and
bulk sample targets on their claims covering 14,000-acres.
Additionally, the joint venture has hired a local minerals
drilling company to conduct a 30-day drilling campaign during the
month of July 2014. The companies’ Brazilian Geologist will
supervise this campaign. This agreement covers expanding the
testing it has already completed at its current mining camps and
testing areas that have been prospected recently on the same
claim.
“We have identified areas of interest on the claim and have
decided to make the investment in drilling these areas versus
starting a new mining site with no scientific data,” stated
Graystone CEO, Paul Howarth. “Our increased revenue has enabled us
to spend additional capital in our prospecting division,” states
Arara mining director, Lesley Kort. Mr. Kort is in charge of mining
operations for the JV in Suriname, South America.
The Company’s copper project in Peru is on schedule to initiate
campaign #2 during the first week of July 2014. The company is
currently analyzing its drilling results conducted during campaign
#1 to identify an area of the mine with a higher copper
concentration and sufficient volume. We also anticipate continuing
in the area of the mine used to complete the profitable campaign
#1.
The company has uploaded new pictures and video of its gold
sites, gold refining and copper processing on its flicker page and
Facebook page. We will add additional material as time permits.
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.comwww.graystone1.com
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