The Graystone Company GYST announced today that the Company's mining operations generated approximately 774 grams of gold during the month of September, 2014.
Also, the company is reviewing offers from two larger mining companies for two of its gold claims in South America. The companies are offering to take over operations on the two claims in return for production royalties. The offers include expanding prospecting on the sites and taking over the operational costs. The companies spent the last 30 days doing testing on the sites and feel the results were promising enough to make an offer for the sites.
Copper update: the company has produced and or sourced approximately 100 tons of copper/gold ore. The company stopped sourcing bulk ore purchases for the last two weeks to allow the falling copper prices to settle. Because of their lack of technology and communications, it takes longer for remote mining sites to catch up with the reality of rapidly moving copper and gold prices. Metal prices seem to have stabilized and gold is making a small retrace to the upside. The company resumed the sourcing of bulk ore this week. The company anticipates having 200-250 tons of ore ready to process by the end of November 2014.
The company continues to produce and prospect on its Suriname3 claim. Recent Ore test sample results can be found on the OTCmarkets.com web site. http://www.otcmarkets.com/stock/GYST/news/Geo-map-of-Suri-3-for-The-Graystone-Company-and-Arara-Mining?id=89432&b=y
Pictures and videos of the copper campaigns can be found at www.graystone1.com
Or on the companies Flickr page: https://www.flickr.com/photos/68047029@N04/
Or YouTube channel: http://www.graystone1.com/our-videos-2
Or Facebook: https://www.facebook.com/pages/The-Graystone-Company-Inc/244666725585694
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.
Notice Regarding Forward-Looking Statements
in this press release, which are not purely historical, are
forward-looking statements and include any statements regarding beliefs,
plans, expectations or intentions regarding the future. Actual results
could differ from those projected in any forward-looking statements due
to numerous factors. These forward-looking statements are made as of the
date of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consult all of the information
set forth herein and should also refer to the risk factors disclosure
outlined in our annual report for the most recent fiscal year, our
quarterly reports and other periodic reports filed from time-to-time
with the Securities and Exchange Commission and or otcmarkets.com
This
press release may also contain or refer to forward-looking information
under SEC securities legislation and may include statements regarding
the estimation of mineral resources, exploration results, potential
mineralization, and exploration and mine development plans, and is based
on current expectations that involve a number of business risks and
uncertainties. Forward- looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual
results to differ materially from expected results. Readers should not
place undue reliance on forward-looking statements. Factors that could
cause actual results to differ materially from any forward-looking
statement include, but are not limited to, failure to convert estimated
mineral resources to reserves, capital and operating costs varying
significantly from estimates, the preliminary nature of metallurgical
test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks,
uncertainties relating to the availability and costs of financing needed
in the future, changes in equity markets, inflation, changes in exchange
rates, fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration and
development industry forward-looking statements are subject to
significant risks and uncertainties, and other factors that could cause
actual results to differ materially from expected results. These
forward-looking statements are made as of the date hereof and the
Company assumes no responsibility to update them or revise them to
reflect new events or circumstances other than as required by law.
Contacts:
The Graystone Company, Inc.
Alfred Mendoza
(702)
289-4827
info@graystonegold.com
The Graystone Company, Inc.
Alfred Mendoza, 702-289-4827
info@graystonegold.com
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