Yes Sir, Very Nice GRS - Easy double from here near term IMO further out $5.00?
Kiwi I agree, total Market Cap: 97,262,753 it doesn't cover the market value of the The Hardrock Project, a joint venture with Premier Gold Mines Limited in which Goldstone holds a 30% carried interest. In an old research paper dated August 2010, RBC Securities valued Goldstone’s Hardrock interest at $135 million - should be much higher today with much more PG drilling done and a much higher gold price -
so with other words the GRC Gold Mines about five of them in Beardmore area would be given away free plus the mill and all infrastructior incl. Estimates for Goldstone’s Brookbank deposit and Northern Empire Mine properties have established resources of more than 800,000 ounces of gold.
At the Hardrock project, the uncut estimate is 2.3 million ounces—30% or nearly 700,000 ounces of which belong to Goldstone through a carried interest.
A foundation of existing infrastructure Goldstone properties are close to highways, power grids, and local labour pools and benefit from extensive existing mining infrastructure above and below ground including the upgraded, fully-permitted Northern Empire mill.
A rich history of gold production -
The ten formerly productive mines on Goldstone lands—including
The Leitch Gold Mine, at one time Canada's richest—produced in excess of 4 million ounces of gold.
These mines, which were closed primarily due to a $35 gold price, remain open at depth and offer major untapped potential through extensions and parallel occurrences.
$5.-/sh would still be a Au safety bargain fishing :-)
its maybe only about 1 person of 100,000 who invest in GOLD - so 99,99% have been totally brain-washed by the nwo 666 banksters gangsters media etc. - ? - imo. back to you :-)
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
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
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.
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