2014-04-24 15:46:51 -
Lima, Peru (FSCwire) - The Graystone Company (OTC: GYST) announced today that the Company’s mining operations generated approximately 374.90 grams of gold through April 12th, 2014. When selling the gold produced, based on its purity and market fluctuations, we have been averaging between $34.00 to $42.00 USD per gram. The Company will provide an additional update on its production numbers on or about May 5 representing the entire month of April’s production. The Company did release its mining employees on Wednesday April 16th for Holy week, so they could spend Good Friday through Easter Sunday with their Families. Mining Operations resumed at 12pm on Monday April 21st. As a result, we will see a smaller than normal output for that
same time period. “We will do our best to make it up during the last 10 days of the month.” Stated Paul Howarth, Graystone CEO.
We anticipate our copper operation in Peru will start to transport the stockpiled copper ore to the processing plant sometime before April 30, 2014.
Our second Mining site in Suriname is progressing ahead of schedule. We anticipate it will be fully operational by the end of the month. We anticipate this additional capital investment will start to show increased production results sometime in May 2014. Our ongoing prospecting / drill samples at the site continue to test very well. The company hopes to have its first Mini cleanout prior to our next update on May 5, 2014.
“Our company has come out of the gates strong during Q1 and so far in Q2 2014. We are very pleased with the additions of the Peru Copper mine site and the additional Gold site in Suriname.” Stated Graystone CEO Paul Howarth. “I feel the company has turned a new page in its brief history, for the positive, and we are determined to continue to hit new production milestones. I have never deviated from my original game plan and that perseverance is starting to show positive results. Employee moral at all of our mining camps is running very high right now. That’s typical when a new Jr. Miner starts to hit consistent, high quality pay dirt.” “Oh, and no more Asher Enterprises “killing the bid” doesn’t hurt shareholder moral either, IMO.” Snipes Howarth.
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 on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
The Graystone Company, Inc.
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Source: The Graystone Company Inc. (OTC Pink:GYST) www.graystone1.com
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