Goldstone receives important licence extensions

GoldStone Resources announced on Friday that the extension for the prospecting licences in respect of the Homase-Akrokeri project in Ghana has been received.

The AIM-traded company said its wholly-owned subsidiary GoldStone Akrokeri had been notified of the renewal of GAL's prospecting licence, PL6/87, in the Ashanti Region of Ghana for an extended period through to April 2020.

That licence incorporated the Akrokerri project, in which the firm has a 100% interest.

Goldstone said it had been notified by the Cherry Hill Mining Company that its prospecting licence, RL6/96, had also been extended until April 2020.

That licence incorporated the Homase project, in which the company has a 90% interest.

“We are very pleased to have received these renewals, and especially for an extended period, demonstrating our commitment to advancing the Homase-Akrokeri project,” said chief executive Emma Priestley.

“We are expecting to update the market in the next few weeks on the results from the large scale soil sampling programme that has been ongoing.

“These results, together with the renewal and extension of our prospecting licences demonstrate management's commitment to developing a long-term growth strategy and add real shareholder value.”