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Lima, Peru, April 2, 2013 (GLOBE NEWSWIRE) -- The
Graystone Company(OTCQB: GYST) announced today that the Company has received a number of questions regarding whether the shaker tables are currently in use in Peru. The Company has not begun using the shaker tables since they require a larger generator then the Company currently has on-site. The Company is acquiring the necessary generator in Lima and having it delivered to the mining site. Once the new generator is on-site the Company will begin using the shaker tables which the Company expects will increase the amount of gold recovered.
The Company is also acquiring an arc welding torch for the mining camp. The arc welding torch will allow the mining crew to repair equipment on-site thereby increasing the number of days the Company can mine per month.
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
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.
The Graystone Company, Inc.