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Lima, Peru, June 17, 2013 (GLOBE NEWSWIRE) -- The
Graystone Company (OTCQB: GYST) announced today that the Company has identified a 2,400 hectares project in Suriname. The Company expects to begin exploration on the property in the next few weeks. The Company's plan is to conduct alluvial mining on the property while building out the infrastructure for a hard rock project in Suriname.
The Company has invest significant resources into Suriname and the Company's CEO, Paul Howarth, recently meet with staff from the US Embassy in Paramaribo, Suriname regarding expansion of the mining operations. Recently, Suriname has seen an increase in mining investment from larger companies such as Newmont Mining and Iamgold. The Company is expecting Suriname to become a major source of gold mining in South America. Estimates expect Suriname could increase its gold production to 30,000 kilograms up from 19,000 kilograms in 2011.
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.