Lima, Peru, April 1, 2013 (GLOBE NEWSWIRE) -- The Graystone Company(OTCQB: GYST) announced today that the Company has sent to its refinery in the United States approximately 350 grams of gold. The gold was produced from the Company's mining operations in Peru and consists of the previous 4 weeks of mining. The gold was produced prior to the new equipment arriving at the mining site.
The Company's mining results have been averaging on the lower side of the Company's estimates. This is a result of the fact that the Company has been mining in an area that has previously been mined by other Companies. The Company has been running the tailings of these previous Companies. As the Company's mining operations advance further from the river the mining crew will begin working in areas that have not been previously mined. Therefore, the Company expects its mining production to begin to increase.
The Company will update its shareholders when additional gold from the mining operations in Peru is sold.
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 www.graystonegold.com.
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.
Source: TheGraystone Company, Inc.