en.Wedoany.com Reported - GoldStone Resources (listed on London's AIM market) has made progress at its 50%-owned MinCorp project in Sierra Leone. Since commencing site preparation in March, MinCorp has completed the installation and commissioning of a wash plant, and visible coarse gold has been discovered during material processing, which is seen as a positive indicator of the resource potential within the license area. An excavator has been deployed on site to improve access, clear vegetation, and prepare the area for small-scale mining and processing activities.
GoldStone CEO Emma Priestley stated that while the commissioning process is still ongoing and materials have not yet been systematically sampled under controlled conditions, the presence of coarse gold remains an important metric for assessing the license's potential. The company is striving to complete commissioning and commence small-scale mining production as soon as possible. Under the agreement, GoldStone will receive all sales revenue from the first 70 ounces of refined gold produced from the license. To support project advancement, GoldStone has seconded local management and technical personnel to MinCorp to help establish operational systems and continuously optimize production processes.
GoldStone believes that this investment in Sierra Leone complements its existing Homase gold mine production assets in Ghana and aligns with its strategy to expand its West African operational footprint. The company plans to release further updates from both operational sites in the coming weeks.
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