COO Appointment

Released : 30 Aug 2017 07:00

RNS Number : 2173P
Goldstone Resources Ltd
30 August 2017

30 August 2017



("GoldStone" or the "Company")


COO Appointment


Goldstone Resources Limited (AIM: GRL), is pleased to announce that it has appointed Darryl Norton as Chief Operating Officer (non-board) with immediate effect.


Darryl's appointment marks the start of the Company seeking to build an operational team as it looks to advance its projects in Ghana and, subject to funding, to move from being an explorer to a production company in the year ahead.


Darryl has over 35 years' experience in the mining industry across Africa, the Former Soviet Union and South East Asia.  He has particular experience in the gold sector, having led and managed the design, construction and commissioning of projects for companies including Apex Mining (Philippines), Paracale Gold (Philippines), Gold Mines of Uganda (Uganda), Oxus Gold (Uzbekistan, Kyrgyzstan & Romania), Anglogold (Mali), Randgold Resources (Mali) and Durban Roodepoort Deep (South Africa). Darryl also has board experience having been an Executive Director of both Oxus Gold plc (quoted on AIM) and KazakhGold Group Limited (admitted to trading on the main market).


Darryl also has an interest of approximately 10% in Paracale Gold Limited, which is interested in 27.2% of the Company's issued share capital.


Neil Gardyne, Non-Executive Chairman, said:

"I am delighted that Darryl has joined the Goldstone team. He is a seasoned mining executive with a wealth of operational expertise in Africa and Asia, with a combination of a technical background and a track record of getting things done. I know I speak for the whole Board in welcoming him to the Company and looking forward to working with him as we seek to transform the Company from an explorer to an operational company."


For further information, please contact:


GoldStone Resources Limited

Emma Priestley / Neil Gardyne

Tel: +44 (0)20 7830 9650 / +27 (0)82 490 4427

Strand Hanson Limited

Richard Tulloch / James Bellman

Tel: +44 (0)20 7409 3494

SI Capital Limited

Nick Emerson / Andy Thacker

Tel: +44 (0)1483 413 500


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").


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About GoldStone Resources Limited


GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a historical and current resource in excess of 70 million ounces of gold.  It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

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