Goldstone Resources Ltd COO Appointment (2173P)

TIDMGRL

RNS Number : 2173P

Goldstone Resources Ltd

30 August 2017

30 August 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

COO Appointment

Goldstone Resources Limited (AIM: GRL), is pleased to announce that it has appointed Darryl Norton as Chief Operating Officer (non-board) with immediate effect.

Darryl's appointment marks the start of the Company seeking to build an operational team as it looks to advance its projects in Ghana and, subject to funding, to move from being an explorer to a production company in the year ahead.

Darryl has over 35 years' experience in the mining industry across Africa, the Former Soviet Union and South East Asia. He has particular experience in the gold sector, having led and managed the design, construction and commissioning of projects for companies including Apex Mining (Philippines), Paracale Gold (Philippines), Gold Mines of Uganda (Uganda), Oxus Gold (Uzbekistan, Kyrgyzstan & Romania), Anglogold (Mali), Randgold Resources (Mali) and Durban Roodepoort Deep (South Africa). Darryl also has board experience having been an Executive Director of both Oxus Gold plc (quoted on AIM) and KazakhGold Group Limited (admitted to trading on the main market).

Darryl also has an interest of approximately 10% in Paracale Gold Limited, which is interested in 27.2% of the Company's issued share capital.

Neil Gardyne, Non-Executive Chairman, said:

"I am delighted that Darryl has joined the Goldstone team. He is a seasoned mining executive with a wealth of operational expertise in Africa and Asia, with a combination of a technical background and a track record of getting things done. I know I speak for the whole Board in welcoming him to the Company and looking forward to working with him as we seek to transform the Company from an explorer to an operational company."

For further information, please contact:

 
 GoldStone Resources 
  Limited 
 Emma Priestley / Neil     Tel: [phone] 
  Gardyne                   / [phone] 
 
 Strand Hanson Limited 
 Richard Tulloch / James   Tel: [phone] 
  Bellman 
 
 SI Capital Limited 
 Nick Emerson / Andy       Tel: [phone] 
  Thacker 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a historical and current resource in excess of 70 million ounces of gold. It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 30, 2017 02:00 ET (06:00 GMT)