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Wednesday, 06/06/2012 9:46:38 AM

Wednesday, June 06, 2012 9:46:38 AM

Post# of 16035
$GYSTD on the move!>>>>>LIMA, Peru, Jun 6, 2012 (GlobeNewswire via COMTEX) -- The Graystone Company (OTCQB:GYSTD), announced today its bulk sampling results for its mining project Gorila (Graystone I). The Company conducted 23 days of test mining production ("bulk sampling") operations on its mining project referred to as "Gorila" (Graystone I).
Gorila (Graystone I) is 400 hectares (or 988.5 acres) or approximately 4,000,000 square meters (or 1.5 square miles). The Company mined approximately 500 tons of earth. Based on the results, the Company has determined that the average gold on Gorila (Graystone I) is 0.76 grams per cubic meter or 0.62 grams per ton. The results from the 23 days ranged from 0.46 grams per meter to 1.47 grams per meter and 0.27 grams per ton to 1.21 grams per ton. Based on these initial ranges the Company is estimating that the amount of gold on the Gorila (Graystone I) site could be in excess of $100,000,000. Additional testing is necessary to determine the total size of the gold deposits and the amount of usable land.
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