GoldStone Enters JV with Ghana’s Asasemu for Gold Project

25 November 2009 (Last Updated November 25th, 2009 18:30)

GoldStone Resources is entering into a joint venture with Ghana's Asasemu Mining for development of the Manso Amenfi prospecting license located in the Wasa Amenfi West District, Ghana. The license, 100% owned by Asasemu, covers 83km2 and is considered prospective because of its closene

GoldStone Resources is entering into a joint venture with Ghana's Asasemu Mining for development of the Manso Amenfi prospecting license located in the Wasa Amenfi West District, Ghana.

The license, 100% owned by Asasemu, covers 83km2 and is considered prospective because of its closeness to the Ayanfuri gold deposit and a zone of intense artisanal gold mining.

According to the agreement, GoldStone is entitled to earn an increasing interest in the license provided it supplies funds for exploration in pre-agreed phases.