Greystar Resources Limited
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CANADIAN PERSPECTIVE: Mining companies top up treasuries in September
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News from Zibb.com
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Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing
VANCOUVER, BRITISH COLUMBIA, Nov 2, 2009 (Marketwire via COMTEX) --
Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) (the "Company") announced that the Company will initiate a program of metallurgical testing aimed at investigating the application of agitation leach and/or pre-oxidation as processing methods for intermediate sulphide ore at its 100% owned Angostura gold-silver deposit. Initial testing from both processing methods have shown promising results and further testing is warranted. In the Preliminary Feasibility Study published in May 2009, the intermediate sulphide ore (representing approximately 17% of the recovered gold in the mine plan) was designed to be heap leached which resulted in low recoveries of precious metals. Recent column testing using the intermediate sulphide ore to simulate heap leach conditions have returned recoveries that question the economic viability of only using heap leaching on this ore type. It is important to point out that column testing to simulate heap leach conditions on oxide and transitional ores continue to show very positive results. In addition, flotation testing for treatment of the higher grade sulphide ore to produce a gold bearing concentrate also continues to show excellent results. Given the improvement in the long term outlook for gold, the Company believes that the intermediate sulphide ore may be able to support a more robust processing method which may lead to higher economic returns for this ore type. The agitation leach and pre-oxidation testing programs will take approximately six months to complete, as such the Bankable Feasibility Study is now expected to be completed in the second half of 2010. The Company will continue with the design of the heap leach facilities for treating oxide and transitional ore as well as the grinding and flotation circuit for the higher grade sulphide ore.
David Rovig, President & CEO commented, "Our Preliminary Feasibility Study was based upon $700 per ounce of gold during the first three years of operation and $650 per ounce of gold for the remaining twelve years. These gold prices limited our options for processing of the intermediate sulphide ore at Angostura which contains approximately 2 million ounces of gold. In the current gold environment, both agitated leach and pre - oxidation offer to increase recoveries and improve the economics of this ore type and the project as a whole. If either process is adopted, design modifications such as the inclusion of a tailings impoundment would need to be incorporated in the Bankable Feasibility Study. While this testing will delay the project, the Company will continue to move forward with all other aspects of the project including geotechnical evaluations, social and environmental studies, permitting, infrastructure construction and project finance."
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding the anticipated effect of the new appointments, estimated annual production and estimated mineral resources. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
SOURCE: Greystar Resources Ltd.
Greystar Resources Ltd. - Contact in North America Mr. Geoff Chater, VP (604) 614-7830 www.greystarresources.com NCB Stockbrokers Limited - Contact in London Christopher Caldwell +44 (0) 20 7071 5200 Christopher.Caldwell@ncb.ie
Tags: business canada ceo colombia construction environment environmental impact exploration finance gold government legislation oregon politics precious metals president prices rates securities silver
Companies: Greystar Resources Ltd. (GSL), Greystar Resources Ltd. (GYSLF)
Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing
VANCOUVER, BRITISH COLUMBIA, Nov 02, 2009 (MARKETWIRE via COMTEX) --
Greystar Resources Ltd. (TSX: GSL)(AIM: GSL) (the "Company") announced that the Company will initiate a program of metallurgical testing aimed at investigating the application of agitation leach and/or pre-oxidation as processing methods for intermediate sulphide ore at its 100% owned Angostura gold-silver deposit. Initial testing from both processing methods have shown promising results and further testing is warranted. In the Preliminary Feasibility Study published in May 2009, the intermediate sulphide ore (representing approximately 17% of the recovered gold in the mine plan) was designed to be heap leached which resulted in low recoveries of precious metals. Recent column testing using the intermediate sulphide ore to simulate heap leach conditions have returned recoveries that question the economic viability of only using heap leaching on this ore type. It is important to point out that column testing to simulate heap leach conditions on oxide and transitional ores continue to show very positive results. In addition, flotation testing for treatment of the higher grade sulphide ore to produce a gold bearing concentrate also continues to show excellent results. Given the improvement in the long term outlook for gold, the Company believes that the intermediate sulphide ore may be able to support a more robust processing method which may lead to higher economic returns for this ore type. The agitation leach and pre-oxidation testing programs will take approximately six months to complete, as such the Bankable Feasibility Study is now expected to be completed in the second half of 2010. The Company will continue with the design of the heap leach facilities for treating oxide and transitional ore as well as the grinding and flotation circuit for the higher grade sulphide ore.
David Rovig, President & CEO commented, "Our Preliminary Feasibility Study was based upon $700 per ounce of gold during the first three years of operation and $650 per ounce of gold for the remaining twelve years. These gold prices limited our options for processing of the intermediate sulphide ore at Angostura which contains approximately 2 million ounces of gold. In the current gold environment, both agitated leach and pre - oxidation offer to increase recoveries and improve the economics of this ore type and the project as a whole. If either process is adopted, design modifications such as the inclusion of a tailings impoundment would need to be incorporated in the Bankable Feasibility Study. While this testing will delay the project, the Company will continue to move forward with all other aspects of the project including geotechnical evaluations, social and environmental studies, permitting, infrastructure construction and project finance."
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding the anticipated effect of the new appointments, estimated annual production and estimated mineral resources. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Contacts: Greystar Resources Ltd. - Contact in North America Mr. Geoff Chater, VP (604) 614-7830 www.greystarresources.com NCB Stockbrokers Limited - Contact in London Christopher Caldwell +44 (0) 20 7071 5200 Christopher.Caldwell@ncb.ie
SOURCE: Greystar Resources Ltd.
http://www.greystarresources.com mailto:Christopher.Caldwell@ncb.ie
Tags: business canada ceo colombia construction environment environmental impact exploration finance gold government legislation london market north america oregon politics precious metals president prices rates securities silver
Companies: Greystar Resources Ltd. (GSL), Greystar Resources Ltd. (GYSLF)
Greystar Resources Announces Drill Results From the Los Laches Area at Angostura - Zibb.com
VANCOUVER, BRITISH COLUMBIA, Nov 09, 2009 (MARKETWIRE via COMTEX) --
Greystar Resources Ltd. (the "Company") (TSX: GSL)(AIM: GSL) is pleased to announce that the Company will initiate two exploration drill programs to investigate both the extensions of high grade mineralization at the Angostura gold-silver deposit and near surface oxide gold mineralization recently discovered at the Mongora prospect.
High Grade Drill Program
The high grade drill program will focus on targeting extensions of high grade shoots that exist within the Angostura deposit. In addition, the drill program will probe the unexplored potential for feeder mineralization underlying Angostura. The first drill holes will target the Los Laches area were previously drilled, but not published, core holes LL08-24 and QP08-03 returned excellent results. A cross section has been posted at Greystar Resources website www.greystarresources.com.
-----------------------------------------------------------------------
-
Los Laches Drill Intercept
------------------------------------------------------------------------
From To Interval Grade
Drill Hole ID (metres) (metres) (metres) (grams/tonne gold)
------------------------------------------------------------------------
------------------------------------------------------------------------
LL08--24 158.4 164.3 5.9 24.36
------------------------------------------------------------------------
------------------------------------------------------------------------
QP08-03 184.0 291.6 107.6 6.26
------------------------------------------------------------------------
including 214.0 284.5 70.5 8.50
------------------------------------------------------------------------
including 221.5 236.5 15 17.84
------------------------------------------------------------------------
including 250.7 257.0 6.3 18.07
------------------------------------------------------------------------
Including 273.5 281.85 8.35 9.98
------------------------------------------------------------------------
Note 1: Down hole width has not been corrected but based on drill holes and structural dip of the mineralization, the interval is considered to be close to true width.
Mongora Drill Program
Similar to the Angostura deposit, the Mongora prospect hosts higher-grade gold mineralization including 16.3 grams gold per tonne over 1.05 metres and 12.35 grams over 1.6 metres within broader zones of lower-grade gold mineralization. The delineation of oxide gold mineralization at the Mongora area could be very important for the Angostura project. The potential of outlining a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at the Angostura deposit could have favorable implications for the overall economics of the entire Angostura project. Preliminary metallurgical evaluations are underway.
The above information has been reviewed and approved by Mr. Frederick Felder, P.Geo., a "qualified person" as that term is defined in National Instrument 43-101 and Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects. Mr. Felder is a geologist with more than 40 years of industry experience and a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding the anticipated effect of the new appointments, estimated annual production and estimated mineral resources. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Contacts: Greystar Resources Ltd. - Contact in North America Mr. Geoff Chater VP (604) 614-7830 www.greystarresources.com NCB Stockbrokers Limited - Contact in London Christopher Caldwell +44 (0) 20 7071 5200 Christopher.Caldwell@ncb.ie
SOURCE: Greystar Resources Ltd.
http://www.greystarresources.com mailto:Christopher.Caldwell@ncb.ie
Tags: british columbia business canada colombia exploration gold government legislation london market mining north america note oil and gas politics precious metals rates securities silver standards structural
Companies: Greystar Resources Ltd. (GSL), Greystar Resources Ltd. (GYSLF)
Greystar Resources Announces Drill Results From the Los Laches Area at Angostura - Zibb.com
VANCOUVER, BRITISH COLUMBIA, Nov 9, 2009 (Marketwire via COMTEX) --
Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) is pleased to announce that the Company will initiate two exploration drill programs to investigate both the extensions of high grade mineralization at the Angostura gold-silver deposit and near surface oxide gold mineralization recently discovered at the Mongora prospect.
High Grade Drill Program
The high grade drill program will focus on targeting extensions of high grade shoots that exist within the Angostura deposit. In addition, the drill program will probe the unexplored potential for feeder mineralization underlying Angostura. The first drill holes will target the Los Laches area were previously drilled, but not published, core holes LL08-24 and QP08-03 returned excellent results. A cross section has been posted at Greystar Resources website www.greystarresources.com.
------------------------------------------------------------------------
Los Laches Drill Intercept
------------------------------------------------------------------------
From To Interval Grade
Drill Hole ID (metres) (metres) (metres) (grams/tonne gold)
------------------------------------------------------------------------
------------------------------------------------------------------------
LL08--24 158.4 164.3 5.9 24.36
------------------------------------------------------------------------
------------------------------------------------------------------------
QP08-03 184.0 291.6 107.6 6.26
------------------------------------------------------------------------
including 214.0 284.5 70.5 8.50
------------------------------------------------------------------------
including 221.5 236.5 15 17.84
------------------------------------------------------------------------
including 250.7 257.0 6.3 18.07
------------------------------------------------------------------------
Including 273.5 281.85 8.35 9.98
------------------------------------------------------------------------
Note 1: Down hole width has not been corrected but based on drill holes and structural dip of the mineralization, the interval is considered to be close to true width.
Mongora Drill Program
Similar to the Angostura deposit, the Mongora prospect hosts higher-grade gold mineralization including 16.3 grams gold per tonne over 1.05 metres and 12.35 grams over 1.6 metres within broader zones of lower-grade gold mineralization. The delineation of oxide gold mineralization at the Mongora area could be very important for the Angostura project. The potential of outlining a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at the Angostura deposit could have favorable implications for the overall economics of the entire Angostura project. Preliminary metallurgical evaluations are underway.
The above information has been reviewed and approved by Mr. Frederick Felder, P.Geo., a "qualified person" as that term is defined in National Instrument 43-101 and Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects. Mr. Felder is a geologist with more than 40 years of industry experience and a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding the anticipated effect of the new appointments, estimated annual production and estimated mineral resources. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
SOURCE: Greystar Resources Ltd.
Greystar Resources Ltd. - Contact in North America Mr. Geoff Chater VP (604) 614-7830 www.greystarresources.com NCB Stockbrokers Limited - Contact in London Christopher Caldwell +44 (0) 20 7071 5200 Christopher.Caldwell@ncb.ie
Tags: british columbia business canada colombia exploration gold government legislation mining note oil and gas politics precious metals rates securities silver standards structural
Companies: Greystar Resources Ltd. (GSL), Greystar Resources Ltd. (GYSLF)
Web Sites
Total : 3 View more »
Greystar Resources Limited - GSL Vancouver BC CAN
Engaged in the acquisition and exploration of resource properties. Primary activity is the exploration and development of the Angostura Gold-Silver Project in Colombia.
http://www.intierra.com/html/companies/Greystar%20Resources%20Limited.htm
Greystar Share Price. GSL - Stock Quote, Charts, Trade History, Share Chat, Financial Terms
GREYSTAR RESOURCES LD COM SHS NPV Share Price direct to your mobile phone Text 'LSE GSL' to 85080! This service costs 50p per text request plus your normal SMS network rate. See our SMS Services page for full t&c. Alternatively, try our SMS subscription service - click here for more details!
http://www.lse.co.uk/shareprice.asp?shareprice=GSL&share=greystar_resources_ld_com_shs_npv
The Pinsent Company Guide :: Greystar Resources
All company data is thoroughly researched and up-to-date as of two months prior to the publication date shown. What Mortgage The UK's leading Mortgage Magazine online containing mortgage information.
http://www.pinsentscompanyguide.co.uk/company/summary/GSL/Greystar%20Resources.htm
Web Sites
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Greystar, Greystar Resources Limited, Company Profiles,
www.bnamericas.com
Junior mineral exploration and development company with a focus on its wholly owned Angostura project in northeastern Colombia.
http://www.bnamericas.com/factfile_detail.jsp?idioma=I&documento=12129§or=0
MiningNews.net - GREYSTAR RESOURCES LIMITED
www.miningnews.net
GREYSTAR RESOURCES LIMITED www.greystarresources.com STE 303 - 570 GRANVILLE STREET VANCOUVER, BC, V6C 3P1 CANADA Ph: +1 604 682 8212
http://www.miningnews.net/CompanyRegister_Detail.asp?CompanyID=6438
METCON Research: Client List
www.metconresearch.com
Greystar Resources Limited; GSA Resources; Hecla; Hudson Bay; Hydromet Environmental (Mexico) Hydromet Systems, L.L.C. Ivanhoe Mines, LTD. Ivanhoe Myanmar
Greystar Resources Ltd. - News Releases - Schedule 11 - Notification ...
www.greystarresources.com
1. Name of company Greystar Resources Limited 2. Name of director David B. Rovig 3. Please state whether notification indicates that it is in respect of holding of the ...
News from Zibb.com
- Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing
- Recognizing Higher Long Term Gold Outlook, Greystar Resources to Consider Alternative Processing
- Greystar Resources Announces Drill Results From the Los Laches Area at Angostura - Zibb.com
- Greystar Resources Announces Drill Results From the Los Laches Area at Angostura - Zibb.com