GYST---The Company will announce mining results on or about April 25th. Additionally, we have been asked the exact locations of the mining sites; however, for security reasons the Company has decided not to disclose this information.
Graystone Company Announces Expansion of Suriname Operations
The Graystone Company (OTC: GYST) announced today that the Company has expanded its operations to a 2nd additional site and purchased heavy equipment from the proceeds of the Company’s mining operations.
The Company’s joint venture, Arara Mining, entered into a contract to allow the joint venture to begin mining operations on a 2nd claim in Suriname that is approximately 10 miles for the joint venture’s current site. During the recent downtime, the joint venture has conduct prospecting operations on the new site. The Company expects mining operations to begin within the next 45 days on the new site. The Company’s first site is currently conducting mining operations.
To handle the operations of the 2nd site, the joint venture has purchased 2 additional 5-ton per hour crushers and a 2nd full size excavator. The equipment was purchased from the proceeds of the Company’s South American mining operations.
The Company will announce mining results on or about April 25th. Additionally, we have been asked the exact locations of the mining sites; however, for security reasons the Company has decided not to disclose this information.
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