ghana drilling update.

RNS Number : 4687P
Goldstone Resources Ltd
25 October 2012

?

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")



Ghana Drilling Update

GoldStone (AIM; GRL), the AIM quoted exploration company focused on gold exploration in West and Central Africa, is pleased to provide the final drill results from its recently completed drilling campaign at the Company's Homase/Akrokerri project in Ghana.

Highlights:

· Drilling results confirm further depth extensions of the Homase/Akrokerri gold resource along 700 metres of strike

· Best gold intersects include 30.4 metres @ 1.8 g/t, including 8.2 metres @ 3.9 g/t, 10 metres @ 2.2 g/t, 6.6 metres @ 2.2 g/t and 12.2 metres @ 1.5 g/t

· The latest drill data have been submitted to SEMS Exploration Services Limited to update the resource estimate

The Company recently received all of the outstanding assay results from its drilling programme in the Homase/Akrokerri project area. The results are for fifteen drill holes and are included in the table hereunder.

Drill Hole
From (m)
To (m)
Apparent Width (m)
Au Grade (g/t)
True Width (m)

12HMRD009
246.0
250.0
4.0
2.3
2.7

12HMRD010
209.0
221.0
12.0
2.0
7.9

12HMRD011
118.0
126.0
8.0
2.4
4.7

12HMRD012
187.0
200.0
13.0
1.2
9.5

12HMRD013
297.0
309.0
12.0
2.2
10.0

12AKDD008
163.0
173.0
10.0
2.2
6.6

12AKDD009
157.0
166.0
9.0
0.9
5.6

12AKDD010
222.0
234.0
12.0
0.5
7.5

12AKDD011
224.0
235.0
11.0
0.8
6.9

12AKDD012
245.0
252.0
7.0
1.6
4.4

12AKDD013
298.0
346.0
48.0
1.8
30.4

Including




13.0
3.9
8.2

12AKDD014
221.0
240.0
19.0
1.5
12.2

12AKDD015
239.0
268.2
29.2
0.4
18.1

Including




5.7
0.9
3.6

12AKDD016
116.8
119.0
2.2
0.4
1.3

12AKDD017
193.6
212.0
18.4
0.9
11.2

and
231.0
238.0
7.0
0.8
4.4




The latest holes were drilled along strike of GoldStone's four kilometre long JORC compliant 502,000 ounce gold resource in the project area. Of the fifteen holes eleven holes intersected significant mineralisation under the existing resource above the 0.5 g/t gold cut off, confirming the potential for further depth extensions of the resource. These eleven holes cover a cumulative strike length of approximately 700 metres and intersected mineralisation between 155 metres and 280 metres vertically below surface.

Results include 30.4 metres @ 1.8 g/t gold, including 8.2 metres @ 3.9 g/t gold, in drill hole 12AKDD013. Of the remaining four drill holes three holes (12HMRD011, 012 and 013) intersected the ore body shallower than anticipated and therefore confirmed mineralisation within the current resource (4.7 metres @ 2.4 g/t, 9.5 metres @ 1.2 g/t and 10 metres @ 2.2 g/t gold) above the average gold grade of the current resource (1.74 g/t) while only one drill hole (12AKDD016) failed to intersect mineralisation above the resource cut off.

The drill data set has been submitted to SEMS Exploration Services Limited and work has now commenced to update the resource estimate.

Field activities at Homase/Akrokerri are presently focused on pitting and trenching of various regional targets outside of the resource area. Pitting results for the Adubrim prospect were recently received and included gold values of up to 2 g/t, justifying trenching of this prospect.

APPROVAL

Dr. Hendrik Schloemann, who holds a PhD in geology, has reviewed and approved the geological content of this announcement.

Enquiries



GoldStone Resources Limited
+27 21 551 9009

Jurie Wessels