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Click Here to Read the Featured Report about this Company
LAS VEGAS--(BUSINESS WIRE)-- The Graystone Company
(OTCBB:GYST.ob
- News
) today provided a Corporate Update.
The Company has begun negotiations with one of the larger environmental impact study firms in Peru. The Company hopes to engage the firm soon since it is expected to take at least 4-6 months to complete the environmental impact study. The Company needs to complete the study prior to converting the claim into a concession. Once the claim is converted into a concession, Graystone is able to begin full production on Gorilla and will not be limited to only bulk sampling. During this time, we are able to mine in a limited production manner (or bulk sampling), which allows our crew to map the property and to generate gold production on a limited basis. The limited gold production
would be similar to the Company's previous limited gold production that occurred in May through July 2011.
"We are excited that during the process of getting our environmental impact study completed, we can increase our gold sales and production through additional bulk sampling on Gorilla," says Paul Howarth, CEO of The Graystone Company.
The Company is pleased to also announce that its Facebook and Twitter pages have grown beyond the expectations of the Company. The Company's Facebook page has over 1,000 followers while its Twitter page has approximately 10,000 followers. The Company created these pages to provide a place for shareholders to interact with the Company and for the Company to provide and discuss information about its operations.
"Facebook and Twitter provide us with the ability to more efficiently communicate with our shareholders about our operations and for the shareholders to communicate with the Company," says Paul Howarth. "We hope all of our shareholders will take advantage of our social media to ask us questions, read our press releases, and learn about how the operations in Peru are going."
The Company's Twitter page is located at: http://twitter.com/#!/graystoneGYST
and the Facebook Page is located at http://www.facebook.com/pages/The-Graystone-Company-Inc/244666725585694
.
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.
Click Here to Read the Featured Report about this Company
Disclosure
OTCReporter.com and HotOTCChina.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources NJ, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers and immediate family members are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our"). Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section that seeks to comply with Section 17(b) of the 1933 Act, as amended, which states that any person who disseminates publications or other communications (through interstate commerce) for consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, must disclose the receipt and amount, whether past or prospective, of such consideration. The LLC Companies contracted to receive and received five thousand dollars from a non-affiliate third party shareholder of GYST in return for OTCR’s services to publicly and electronically disseminate information pertaining to GYST. It is imperative that all readers of the above Compensation Disclosure Section click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.
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