The Graystone Company (OTCQB: GYST) announced today that the Company’s equipment, which was manufactured in the United States and shipped to Peru, has arrived at the Port of Lima. The Company expects the equipment to clear customs in approximately 7-10 days at which time it will be transported to the mining site.
The Company began mining production in November and has averaged approximately 15 grams of gold per day. The Company expects the amount of gold recovered will significantly increase once the equipment arrives at the mining site. The Company expects that the gold recovered could increase by 80 or 90%. The Company’s next goal is to obtain an excavator which would also increase the amount of gold recovered from its mining operations.
The Graystone Company’s CEO, Paul Howarth, commented: “We are pleased with the progress that the Company made in 2012. Things move a little slower in Peru than we would prefer but we have exceeded our expectations we set in January and are looking forward to a great 2013.”
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. The Company sells gold and silver to retail buyers via www.graystonegold.com.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.
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