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Re: MadeBucksOnThis post# 891

Thursday, 06/09/2011 12:06:12 PM

Thursday, June 09, 2011 12:06:12 PM

Post# of 936
GRC with more than 10 old gold mines company sure is a busy one... thank you smile

Rig Onsite, Drilling at Leitch-Sand River, as Goldstone Begins 2011 Beardmore Exploration Program



Goldstone Resources Inc.
(News - Market indicators)(PINK SHEETS:GRSZF) today
announced that a rig is now onsite and drilling at the Company's
Leitch-Sand River property as the first step in an estimated
20,000-metre 2011 program in the Beardmore camp of
the Geraldton-Beardmore Greenstone Belt.


Exploration at Beardmore is in addition to an ongoing
30,000-metre drill program at Goldstone's Key Lake property
in the Geraldton camp.

The drilling program at Leitch-Sand River will consist of 19
holes for a total of approximately 12,000 metres.

The target area extends over two kilometres to the west of
the Sand River mine shaft covering the Leitch-Sand River No. 2
vein system, the No. 16 vein system, and the Creek vein area.

The program is designed to evaluate some 14 targets on
the property.

Historically, the No. 16 vein system was exposed on the 8th level
(900 feet) of the Leitch Gold Mine and graded 1.53 oz/t Au over
0.63 feet, with a strike length of 805 feet.

Historical mine records indicate that a total of nearly 3,600
tons grading 0.56 oz/t were mined and milled from the No. 16 vein.


The exploration program is planned and executed by George Langstaff, Ph.D., P.G., P. Geo. (Temp.)
and supervised by Tracy Armstrong, P. Geo. Ms. Armstrong
is a Qualified Person within the meaning of National Instrument
43-101, and is actively involved in Goldstone's
2011 exploration program.

"Drawing on results from recent and historic drilling and
from both surface exploration and a 2010 aeromagnetic survey,
we have established initial targets for 2011 Beardmore
drilling at both our Leitch-Sand River and
Northern Empire Mine properties,"
said Philip Cunningham, Chairman and
Interim Chief Executive Officer.
"Our goal remains one of expanding our Beardmore resources
in areas that could potentially be developed sequentially
along with the NI 43-101 compliant resource established
at our Brookbank property."

"Logistical considerations have dictated that we drill first
at Leitch-Sand River, rather than at the McWilliams showing
on the Northern Empire property, which was previously drilled
in the fall of 2010, intersecting a favourable gold-bearing
horizon in hole NE10-03.
McWilliams will be another focal point in 2011," he added.


About Leitch-Sand River Property

The formerly producing Leitch-Sand River Mine is located
seven kilometres from Goldstone's Northern Empire mill,
which is a fully permitted, expandable 200-TPD complex,
located in Beardmore, Ontario.

Historically, the Leitch Mine produced 861,900 oz with an
average ore grade of 0.92 ounces per ton.


The deepest level of the Leitch Mine was level 30 (4,525 ft.
or 1,380 m).
Drifting was completed on this level in order to provide
access to drill test possible depth extensions of Vein #2,
with historical mine records indicating several drill hole
intercepts of more than two ounces per ton over widths of up
to 19 inches, located between 130 and 300 feet below
the 30th level.

About Goldstone

Goldstone Resources Inc. is a gold exploration company
operating in the historically significant Geraldton-Beardmore
camp of Northwestern Ontario and is focused on gold exploration
and deposit delineation at its Key Lake, Brookbank, Northern
Empire and Leitch-Sand River gold properties.

Goldstone is also a partner in the Hardrock Project
joint venture with Premier Gold.

The Geraldton-Beardmore camp is host to several past producers
yielding historical production of more than 4.1 million ounces
of gold.
The majority of the mines in the camp were shut down primarily
as a result of the $35/oz gold price.

Further information is available on the Company's website at
http://www.goldstoneresourcesinc.com
and on SEDAR under the Company's profile at
www.sedar.com.

Forward-Looking Statements

This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, ---- except as may be required under applicable securities laws.
Neither Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Goldstone Resources Inc.
Philip Cunningham
Chairman and Interim CEO
(416) 860-1636

http://www.goldstoneresourcesinc.com



http://www.goldstoneresourcesinc.com/pdfs/LeitchSandRiver5_Feb122010.pdf

Goldstone Resource Inc.

The Leitch Mine (now 100% owned by Goldstone) was one
of Ontario’s highest grade and in Canada most profitable gold
mines, producing 860,648 ounces from 906,395 tons of ore at
an average recovered grade of 0.91 oz.Au/ton.

Even more impressively, the average recovered grade over the
last ten years of the mine’s operation was 1.15 oz.Au/ton.



The Leitch Gold Mine had one of the first electical
underground trains in Canada -

http://www.goldstoneresourcesinc.com/leitch.php

http://tmx.quotemedia.com/article.php?newsid=41967253&qm_symbol=GRC


My opinions are my own and and DD I post should be confirmed as unbiased

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