Greystar Share Discussion Threads

[speed camera] 17/3/2006 22:22

I reiterate the thoughts of the second paragraph in my previous post - 335.

They're a dull bunch over here, present company on this site excepted. The rest are letting opportunities slip through their fingers like sand. Still the later UK punters wake up then the bigger the intervening rise in share price will be before they get in. We can only benefit.

[bionicdog] 17/3/2006 18:06

Yes , we have some catching up to do on monday.

[lasata] 17/3/2006 15:55

New high over the water

[gardenboy] 15/3/2006 22:26

this one's not too bad.

[bionicdog] 15/3/2006 22:05

This one looks better.

[gardenboy] 15/3/2006 21:55

........and nice end to the day in Canada - up 6%

new high coming soon,

[rambutan2] 12/3/2006 15:37

nice end to the week.

[speed camera] 18/2/2006 08:28

Nice to see a 20c pick-up in Canada to $8.40 last night. I don't think the market's absorbed the progress contained in the RNS over there just yet. Earlier this week it took a couple of days in Canada for Kirkland Lake's (KGI) good news to filter through and the shares have rocketed since. Maybe Greystar is stirring.

As for UK investors, apart from an enlightened few, they haven't woken up to the benefits of a dual listing - AIM here and TSE in Canada. Volume overhere is pitiful. Investors are missing out on great opportunities.

P.S. No Stamp Duty is payable on purchases on AIM for Canadian listed shares.

[andico] 16/2/2006 11:31

This thing just gets bigger and bigger. Obviously it is a target for the majors. Any ideas when they might step in? End of the current drilling/resource definition programme? - whenever that is. End of BFS? whenever that is.

[bionicdog] 16/2/2006 07:55

Greystar Resources Drilling Report
FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

February 15, 2006

Greystar Reports-Step-Out Drilling Confirms Eastern Expansion

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 15, 2006) - Greystar Resources Ltd.
(TSX:GSL)(AIM:GSL) is pleased to report that step-out drilling 250 metres beyond the previously known
limits of the mineralization in the Veta de Barro area of its wholly-owned, multi-million ounce
Angostura gold-silver deposit in northeastern Colombia has returned 1.35 grams gold per tonne over 74
metres.

Hole VBE05-01 was collared 250 meters east of the most easterly string of the Veta de Barro holes and
intersected five significant structures including 2.41 grams gold per tonne over 28.1 metres in Vein
551, 2.06 grams gold per tonne over 11.6 metres in Vein 552, plus 11.3 metres grading 2.09 grams gold
per tonne in Vein 560. In addition, the intercept for Veins 553 to 556 mentioned above yielded 1.35
grams gold per tonne over 74 metres.

Moving 250 metres to the south-southwest, hole VBE05-02 intersected four mineralized structures
marking a cumulative width of 48 metres that contains a higher-grade core running 9.7 grams gold per
tonne over 5.5 metres. Importantly, the oxidation in this hole extends to a depth of 150 metres from
the surface.

"These results have important implications for potentially increasing the size of the overall
Angostura deposit as geological mapping in the area between the previously defined limits of
mineralization in the Veta de Barro, La Alta and Los Laches areas have revealed numerous structures
exhibiting favourable alteration that correlate well with the known structures of the La Alta, Veta de
Barro and Los Laches zones," explains Greystar's Executive Vice President, Frederick Felder. "This new
area defined for evaluation extends for 400 by 800 metres with soil and rock geochemical surveys
currently underway."

The prospective new area lies to the southeast and is contiguous to the main Cristo Rey geochemical
anomaly with the total area requiring further exploration between the eastern extensions of the Veta
de Barro, La Alta, Cristo Rey areas and the main Cristo Rey geochemical anomaly covering approximately
70 hectares. Four drills are also currently testing these targets, and as additional machines are
freed up from the infill drilling this will be increased to five.

On the reconnaissance front, the drilling of three holes within the most northerly narrow geochemical
target in the Cristo Rey area approximately 1-km northeast of the centre of the Veta de Barro area
intercepted only narrow structures.

In the central Diamante- La Alta area, hole Al05-29 encountered two higher grade shoots yielding 35.97
grams gold per tonne over 2.65 metres and 6.25 grams gold per tonne over 16.8 metres, while 50 metres
to the west, hole DM05-29 intersected 1.75 grams gold per tonne over 48 metres, including a 19 metre
section running 2.98 grams gold per tonne.

In the prospective central Silencio area, hole SI06-02 cut numerous known structures including Vein
13/55 that returned 22.8 metres grading 1.71 grams gold per tonne, Vein 14 that returned 32 metres
grading 1.72 grams gold per tonne and Vein 320 that cut 11 metres containing 0.53 gram gold per tonne.
A higher grade shoot was also encountered yielding 9.39 grams gold per tonne over 3.75 metres.

Underground drilling in the Silencio area also continued to return promising results with hole USI05-
27 intersecting a higher grade structure averaging 8.01 grams gold per tonne over 5 metres below a
zone averaging 0.87 gram gold per tonne over 27.25 metres. Partial results are also in for hole UAL06-
01 that was collared 400 metres to the northwest in the Diamante-La Alta area. Here, the hole
intersected Veins 22 and 23 that contained 0.78 gram gold per tonne over 51.5 metres and 0.89 gram
gold per tonne over 11 metres, respectively.

"The discovery of significant mineralization east of the previously defined limits in the Veta de
Barro area, combined with a much greater depth of oxidation, clearly indicates the prospects for
further resource growth at Angostura," states Greystar's President, David Rovig. "While the definition
of the mineralizing limits to the north will allow us to outline the potential pit limits in that
direction."

The latest drill results include:

/T/

---------------------------------------------------------------------
From To Interval Gold Silver
Hole Intercept (m) (m) (m(iii)) gm/t gm/t
---------------------------------------------------------------------
AL05-28 V7 0.6 7.0 6.4 1.49 0.8
---------------------------------------------------------------------
V4/V66 66.35 69.0 2.65 35.97 8.7
AL05-29 -----------------------------------------------------------
V324 285.0 301.8 16.8 6.25 26.9
---------------------------------------------------------------------
7.0 10.0 3.0 2.47 9.7
CR05-04 -----------------------------------------------------------
161.0 165.0 4.0 1.63 19.0
---------------------------------------------------------------------
NEW 150.0 170.5 20.5 1.05 3.4
-----------------------------------------------------------
V323 349.0 365.0 16.0 1.66 2.9
DM05-29 -----------------------------------------------------------
V20-V21 387.0 435.0 48.0 1.75 4.0
-----------------------------------------------------------
V22 448.5 468.0 19.5 1.14 6.8
---------------------------------------------------------------------
SI05-23 V459 168.0 171.75 3.75 2.42 9.3
---------------------------------------------------------------------
V13/V55 20.9 43.7 22.8 1.71 7.9
-----------------------------------------------------------
V14 66.0 98.0 32.0 1.72 28.6
-----------------------------------------------------------
V320 110.0 121.0 11.0 0.53 5.6
SI06-02 -----------------------------------------------------------
NEW 237.0 357.0 30.0 0.66 2.1
-----------------------------------------------------------
V465/V316HW 362.25 366.0 3.75 9.39 74.0
-----------------------------------------------------------
V316FW 374.2 385.0 10.8 1.41 2.8
---------------------------------------------------------------------
V12HW 91.75 119 27.25 0.87 3.6
USI05-27 -----------------------------------------------------------
V12FW 119.0 124.0 5.0 8.01 83.7
---------------------------------------------------------------------
V22 17.5 39.0 21.5 1.12 5.4
UAL06-01 -----------------------------------------------------------
V23 58.0 69.0 11.0 0.89 8.4
---------------------------------------------------------------------
V551 200.0 228.1 28.1 2.41 2.3
-----------------------------------------------------------
V552 256.5 268.1 11.6 2.06 3.9
VBE05-01 -----------------------------------------------------------
V553-V556 283.0 357.0 74.0 1.35 17.9
-----------------------------------------------------------
V560 384.7 396.0 11.3 2.09 7.6
---------------------------------------------------------------------
V502 172.0 194.0 22.0 0.5 4.8
-----------------------------------------------------------
V509 194.0 199.5 5.5 9.7 8.6
VBE05-02 -----------------------------------------------------------
V512 199.5 220.0 20.5 0.88 6.8
-----------------------------------------------------------
V564-V67 385.8 405.0 19.2 0.6 1.5
---------------------------------------------------------------------
Note: m(iii) - Down-hole width, not corrected but based on drill
holes and structural dip of the mineralization, the interval is
considered to be close to true width.

/T/

Based on 112,797 metres of drilling, the August 2005 resource calculation for the Angostura deposit
came in at 5.83 million ounces of gold and 24.6 million ounces of silver within an indicated resource
of 148.14 million tonnes grading 1.22 grams gold per tonne and 5.17 grams silver per tonne, plus
another 4.47 million ounces of gold and 21.5 million ounces of silver within an inferred resource of
123.3 million tonnes grading 1.13 grams gold per tonne and 5.42 grams silver per tonne using a cut off
of 0.4 gram gold for oxide and 0.55 gram gold for sulphide (Press Release August 16, 2005). A location
map of the Angostura drilling, along with a map of the underground tunnel work, can be accessed from
our home page link at Greystar's website: www.greystarresources.com.

REVIEW BY QUALIFIED PERSON, QUALITY CONTROL AND REPORTS

The results of the Company's drilling program have been reviewed, verified (including sampling,
analytical and test data) and compiled by the Company's geological staff (which includes a qualified
person, Frederick Felder, P.Geo., for the purpose of National Instrument 43-101, which outlines
standards of disclosure for mineral projects).

The Company has implemented a quality control program to ensure sampling and analysis of all
exploration work is conducted in accordance with the best possible practices. Under these quality
assurance measures, drill core is sawn in quarters (HQ) or halves (NQ), with one quarter or one half
of the core samples shipped to ALS-Chemex Laboratory (ISO 9002 registered) in Vancouver, B.C. for
analysis. The remainder of the core is retained for future assay verification. Gold analysis is
conducted by fire assay (one assay tonne) using an atomic absorption finish. The laboratory reassays
using the ALS-Chemex protocol, and additional checks may be run on anomalous values. Greystar has
independent re-analysis and sample preparation checks run at other accredited laboratories. The
Company also introduces background blanks prepared from previously analyzed core samples from the
Angostura Project.

Forward-Looking Statement

Some statements in this report contain forward-looking information. These statements address future
events and conditions and, as such, involve inherent risks and uncertainties. Actual results could be
significantly different from those projected.

All dollar amounts are in Canadian dollars, unless otherwise stated.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Greystar Resources Ltd. - Canada Contact
Mr. David Rovig
President
[phone]
[e-mail]
www.greystarresources.com

OR

Parkgreen Communications - London Contact
Annabel Leather
[phone]
[e-mail]

OR

Ocean Equities - London Contact
Will Hodson
[phone]
[e-mail]

No Stock Exchange has reviewed or accepts responsibility for the adequacy or accuracy of this news
release.

-0-


Greystar Resources Ltd.

[flagon] 09/2/2006 14:08

Topped up my holding today. All held in ISA.

Hopefully we should get some news soon. Late Feb 2005 there was a drilling report and in March 2005 there was a trading statement. So fingers crossed for the same this year.

Also holding CEY (Centamin Mining) which is up by approx 50% since Christmas whilst Greystar has more or less tread water. Time to play catch up ?

Good luck,


Flagon

[wassapper] 30/1/2006 22:20

ah - I can't read that graph above!

[lasata] 30/1/2006 22:07

Wass: Actually up since London closed.

[wassapper] 30/1/2006 20:32

I'll third that one! Good day, but the Canadians have got the wibblys and sold it down!

[lasata] 30/1/2006 14:44

This share price has enormous potential on upside.

[lasata] 30/1/2006 14:44

This share price has enormous potential on upside.

[bionicdog] 30/1/2006 12:47

Don't get me started!
I can only drive one car at a time , but the same isn't true when it comes to buying shoes.
One more thing if you please gents. The following is from the motley fool tax section.
"The main tax benefit that share ISAs offer is protection from Capital Gains Tax (CGT). If you making a small one-off investment in an ISA then it is unlikely that you will have to pay much in the way of CGT. However, if you intend to use your full allowance year after year then you may have a substantial bill to pay years down the line, especially if you wish to cash in over a short timeframe. Shares ISAs protect your funds from CGT. In the case of funds there are often no additional amounts to pay by sheltering your investments within an ISA. If you are investing in individual shares you may some additional charges to pay but these are often capped if you bundle together several years' worth of ISAs."
I was surprised that there would ever be a CGT bill resulting from cashing in an ISA.

[rambutan2] 30/1/2006 12:11

but a usefull arguement to pull out of the hat when she tries to stop you from buying your new scalextric set!

[bionicdog] 30/1/2006 12:02

It's partly mrsbdog's fault.
If she had been more forceful on the subject of marriage , I could have realised another £17k of gains without CGT over the next few months.
Just wait until I tell 'er how stupid she's been ...... or maybe not.

[rambutan2] 30/1/2006 11:59

who's that living with you!

[gardenboy] 30/1/2006 11:50

bionic,

I hang out here - they haven't caught me yet !

[bionicdog] 30/1/2006 11:42

I could of course simply move into a caravan , as pikeys don't pay tax (even on their big 4X4 vehicles).

[rambutan2] 30/1/2006 11:11

also look at acu - it still not too late on that either. as long as they've got a main mkt tsx listing, or for that matter an asx listing, then they can go in the isa.

[bionicdog] 30/1/2006 10:59

I've got tens of thousands of £ sloshing about in my ISA with nothing to buy and it's only just dawned on me that I could have bought in a tax shelter. Will have to transfer it over before it goes up any more!

[rambutan2] 30/1/2006 10:54

yes, is in my isa. get it in there!