Advertisement

Goldstone Resources strikes gold in first round of drilling in Gabon

GoldStone Resources, the AIM-listed company focused on gold exploration in West and Central Africa, has published the first drill results for its Oyem Project in Gabon.

GoldStone Resources, the AIM-listed company focused on gold exploration in West and Central Africa, has published the first drill results for its Oyem Project in Gabon.

The company revealed that gold had been identified in first round of drilling and initial interpretation suggested that the first hole intersected a 120m wide deformational zone containing high grade primary gold mineralisation.

Advertisement - Article continues below

Exploration Director Dr. Hendrik Schloemann commented: "These first results confirm our expectation of significant mineralisation at Oyem. Assay results have been received from only two holes of the nine hole program. From the initial interpretation we have been able to identify a 120m wide deformational zone that appears to control the mineralisation.

"We are especially pleased that the first hole into this 120m wide deformational zone has yielded meaningful grades and are optimistic that similar results can be achieved in the holes currently being assayed."

Results from the remaining seven holes are expected early in the New Year.

MF

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020