Goldstone Resources fka GRC

[NYBob]

Goldstone (formerly Roxmark) Updates Hardrock Project Exploration Program

On Tuesday January 12, 2010, 2:37 pm EST

http://finance.yahoo.com/news/Goldstone-Updates-Hardrock-ccn-4015895104.html?x=0&.v=1

TORONTO, ONTARIO--(Marketwire - 01/12/10) - Goldstone Resources Inc.
(TSX:GRC - News)(PINK SHEETS:GRSZ - News) today provided an update
of exploration program plans for the Hardrock Project by
Premier Gold Limited (TSX:PG - News) as operator,
building on 2009 successes.

Goldstone holds a 30 percent carried interest in the Hardrock Project,
a joint venture with Premier in the Geraldton Camp of the Beardmore-
Geraldton Greenstone Belt, through its wholly-owned subsidiary
Roxmark Mines Limited.

In 2010, The Hardrock Project will remain Premier's most active area
of involvement with more than 70,000 metres of drilling planned.

Last year, more than 90,000 metres of drilling was completed at
Hardrock, successfully identifying multiple open pit and
underground style gold zones, with the following highlights:

-- Discovery of the High Grade North Zone: 1,141.5 g/t Au across 2.0 metres
(33.3 oz/ton across 6.6 feet);
-- Defining The EP (open pit) Zone over a strike length of more than one
kilometre and open for expansion;
-- Discovery of the NN Zone (open pit) along strike from EP. Recent drill
intersections that define this zone include 6.91 g/t Au across 18.7 m
(0.20 oz/ton across 61.3 feet), 5.69 g/t Au across 24.2 m (0.17 oz/ton
across 79.4 feet) and 52.90 g/t Au across 7.9 m (1.54 oz/ton across 25.9
feet); and
-- Achieving high-grade results, including 121.00 g/t Au across 1.5 m (3.53
oz/ton across 4.9 feet), from initial drilling in a new target area late
in the year.



"We are very pleased with the magnitude and intensity of the planned program which will add significant value to the camp," said Patrick Sheridan, Jr., Goldstone's Chief Executive Officer. "In 2010, Goldstone is also planning an aggressive program for its 100%-owned properties in the Beardmore camp, which include the Leitch-Sand River, Northern Empire and Brookbank."

The Hardrock Project is host to several past-producing mines which collectively produced more than 3.0 million ounces of gold, primarily from shallow depths within 2,000 feet (600 metres) of surface. The mined zones remained wide open at depth at the time mining ceased and resources were left in place within the existing mine workings. The Hardrock Project benefits from development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property. Drilling is focused on confirming both open pit and underground mineralization with the goal of identifying a potentially multi-million ounce gold resource that can be moved quickly towards development. The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property.

Significant potential for developing resources has been identified in several areas including:

1) Open pit-style mineralization proximal to the main zones previously mined by underground methods;

2) Discoveries including bonanza-style gold zones;

3) Down-plunge of historically mined zones including the SP and North Zones; and,

4) Mineralization along strike from historically mined zones in the NN and North Zone areas.

Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101.

About Goldstone

Formed by late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Beardmore Camp. At a 3.4 g/t gold cut-off grade, drilling has established 1.36 million tonnes grading 9.7 g/t gold containing 424,400 ounces of indicated resource and 1.09 million tonnes grading 7.9 g/t gold containing 276,600 ounces of inferred resource at Brookbank. (See National Instrument 43-101 technical report -"Technical Report on the Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR.

In addition, Goldstone has a 30% carried interest in the Hardrock Project in the Geraldton Camp, a joint venture with Premier Gold Limited, with Premier as operator. Both Goldstone and Premier plan to mount major exploration programs on Goldstone land in 2010.

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

http://finance.yahoo.com/news/Goldstone-Updates-Hardrock-iw-1273361630.html?x=0&.v=1