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Re: kiwisteve post# 845

Monday, 05/23/2011 6:02:22 PM

Monday, May 23, 2011 6:02:22 PM

Post# of 936
Goldstone Files NI 43-101 Technical Report for Hardrock Project



May 18, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --

Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF)announced the filing of an updated
NI 43-101 Mineral Resource Estimate for the Hardrock Project

on SEDAR.

The effective of the report is dated April 5, 2011 and is
available for review under the Company's profile at
www.sedar.com.

The report was prepared by Micon International Limited and lists
the following as Qualified Persons for the purposes of
NI 43-101: Charley Murahwi, P.Geo., Sam Shoemaker,
Jr., B.Sc., MAusIMM., Reg.Mem. SME., and Richard Gowans, P.Eng.

The Hardrock Project is a joint venture located just south of
the town of Geraldton, Ontario in which
Goldstone holds a 30% carried interest
and
Premier Gold Mines Limited (TSX:PG), as operator,
holds a 70% interest.

About Goldstone



Goldstone Resources Inc.
is a gold exploration and development company operating
in the historically significant Geraldton-Beardmore camp
of Northwestern Ontario and focused on gold exploration
and deposit delineation at its
Key Lake,
Brookbank,
Northern Empire
and Leitch-Sand River gold properties,
and as a partner in
the Hardrock Project joint venture with
Premier Gold.

Goldstone's 100%-owned NI 43-101 resources in the Beardmore area
total more than 800,000 ounces.
In April 2011, Premier announced an updated NI43-101 resource
estimate for the Hardrock Project in the Geraldton area
of 3.6 million ounces of gold in which Goldstone has
a 30% interest (more than 1 million ounces).
The camp is host to several past producers in a district
that has historical production of more than
4.1 million ounces of gold from high grade ore
before being shut down primarily as a result of
a $35 gold price—and to Goldstone's fully permitted,
expandable 200-TPD Northern Empire mill.

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 ---- except as may be required under
applicable securities laws.

Neither the Toronto Stock Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy
of this release.

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

http://www.goldstoneresourcesinc.com

http://tmx.quotemedia.com/article.php?newsid=41434735&qm_symbol=GRC

Hardrock

http://tmx.quotemedia.com/article.php?newsid=40117010&qm_symbol=GRC


The Hardrock Project, located in the Beardmore --
Geraldton Greenstone Belt of Northwestern Ontario,
is consistent with all the hallmarks of Premier's business
model and is a core holding in its exploration portfolio.

Many past-producing sites in Canada are undergoing a renaissance
and today are being recognized for their exceptional potential
to host future world class discoveries.

The Hardrock Project comprises approximately a 15-kilometre
long property package that overlies more than 3.0 million ounces
of past gold production in a district that has historic
production in excess of 4.0 million ounces.
The property lies only a few kilometers south of the Town
of Geraldton, which is serviced by the Trans-Canada Highway,
Trans-Canada Pipeline, and Hydroline.
Exploration is conducted year round.

NI43-101 Compliant Mineral Resources

On April 6, 2011 the Company announced that it had received
an updated National Instrument (NI) 43-101 compliant Mineral
Resource for the Hardrock Project.
This resource included near surface mineralization, including
that contained in the original open pit resource estimate
completed in 2010, and deeper mineralization identified in
the 114,000m of drilling that was completed in 2010.

Highlights of the Hardrock Resource include:

* A 269% increase in Measured and Indicated resources to 2.5 million ounces.

* A 164% increase in Inferred resources to 1.1 million ounces.

* A 30% increase in the "potential open pit" Measured and Indicated resource grade to 2.37 grams per tonne gold (g/t Au).

* A 37% increase in the "potential open pit" Inferred resource grade to 2.48 g/t Au.

* Some 40% of the Measured and Indicated resource ounces are categorized as "Measured."

* A "Whittle-Pit" analysis suggesting a strip ratio on potential open pit mineral resources of 2.1 to 1.

* The Kailey ("potential open pit") Deposit resource is included and contains 127,000 ounces of Measured and Indicated Resources at 1.57 g/t Au and 10,000 ounces of Inferred resources at 1.48 g/t Au.


The mineral resources estimated for the Hardrock project (both the Hardrock and Kailey Deposits) are set out in Table 1 below. They have been subdivided into potentially underground or open pit mineable resources and reported using different cutoff grades.






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

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