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(GSL.L) Greystar Resources Ltd Buy/Sell
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| 04-03-10 | RNS |
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FOR: GREYSTAR RESOURCES LTD. TSX, AIM SYMBOL: GSL March 4, 2010 Greystar Resources Appoints Steve B. Kesler to Board of Directors VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) is pleased to announce the appointment of Steve Bogdan Kesler (age 58) to the Board of Directors effective March 1, 2010. As previously announced, Mr. Kesler will serve as an international consultant to the Company until a Canadian work permit is secured. Upon receipt of Canadian documents, Mr. Kesler will relocate to Vancouver, British Columbia and assume the role of President and CEO. Please refer to the news release of February 23, 2010 for information about Mr. Kesler. Directorships and partnerships held over the five years preceding the date of appointment are as follows: Current: Cedarland S.L., Spain Except for the declarations made in here and in the news release of February 23, 2010, there is no further information to be disclosed in respect of the appointment of Mr. Kesler under AIM Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies. About Greystar Resources Ltd. Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life. Forward-Looking Statements Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation and the United States Private Litigation Reform Act of 1995. They include statements regarding the securing of a work permit by the new CEO, the new CEO's ability to progress the Company's development plans and the estimated average annual production from the Company's Angostura gold-silver deposit. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while currently considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause events or results to differ materially from those expressed or implied in forward-looking statements including, the requirements and processing timelines of Canadian immigration authorities, the ability and the time necessary for the new CEO to have an effect on development timelines. Other factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Annual Information Form of Greystar dated March 25, 2008 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Greystar Resources Ltd. Geoff Chater Vice President (604) 614-7830 info@greystarresources.com www.greystarresources.com
OR Investor Relations Contact: Renmark Financial Communications Inc. John Boidman | Dan Symons (514) 939-3989 or (416) 644-2020 jboidman@renmarkfinancial.com | dsymons@renmarkfinancial.com www.renmarkfinancial.com
OR London NOMAD Contact: NCB Stockbrokers Limited Christopher Caldwell +44 (0) 20 7071 5200 christopher.caldwell@ncb.ie Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release. -0- Greystar Resources Ltd. More |
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| 23-02-10 | AFX UK Focus |
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Feb 23 (Reuters) - Greystar Resources Ltd:
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 23-02-10 | RNS |
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FOR: GREYSTAR RESOURCES LTD. TSX, AIM SYMBOL: GSL February 23, 2010 Greystar Resources Appoints Steve Kesler President and CEO VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2010) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) (the "Company") is pleased to announce the appointment of Steve B. Kesler as President and CEO of the Company. Kesler (a citizen of the United Kingdom) will serve as an international consultant to the Company until a Canadian work permit is secured. Upon receipt of Canadian documents, Kesler will relocate to Vancouver, British Columbia and assume the role of President and CEO. Kesler (58) is a chartered engineer with over 34 years of international experience in the mining industry. Kesler holds a B.Sc in Mining Engineering and a Ph.D in Mineral Technology from Imperial College, London. Kesler has held senior positions at URS Corporation (President - Mining), Washington Group International (Executive Vice President Business Development - Mining), Billiton (Executive Director Base Metals and New Business), Pacific Nickel (CEO), Collahusai (CEO), Escondida (Vice President Business Development) and Rossing Uranium (General Manager and Director). David Rovig, retiring President and CEO commented, "The appointment of Steve Kesler is the culmination of a rigorous executive search process carried out over the last several months. We are very pleased that Greystar has been able to attract an executive with Steve's resume to lead the transformation of Greystar from explorer to producer. Steve's extensive experience in all facets of large international mining projects, especially in South America, will ensure Greystar's ability to develop the Angostura gold-silver project in a manner which honors best practices across mining disciplines. I am excited about the future of Greystar and the positive benefits the development of Angostura will have on both the local communities and Colombia. I will continue to support Greystar's efforts as a member of the Board of Directors." "From so many perspectives I see Greystar as an exciting opportunity that I am eager to take on. The Angostura gold-silver project is truly an exceptional asset. The quality of work carried out to date has been outstanding both in the field and the community. Greystar offers the unique prospect to, not only develop this large gold and silver project, but also to leverage the Company's first mover status in the world class California gold district and its growing professional team into other opportunities as Colombia emerges as a top destination for mining investment," stated Steve Kesler. Summary of Steve Kesler's Industry Experience Kesler recently held the position of President - Mining, URS Corporation (2008-2010) following its acquisition of Washington Group International (WGI) where he was Executive Vice President Business Development - Mining (2006-2008). While at URS and WGI, Steve was responsible for contract mining operations in Canada, USA, Mexico, Jamaica and Bolivia as well as equity operations in Germany. He brought URS back into the Mining EPCM and consulting business with projects in the US, Romania, India, Australia and Niger. From 2001 to 2006, Steve consulted to the mining industry principally in business development and participated in private equity investment in mining and property. From 1997 to 2001, Steve was Executive Director, Base Metals and New Business Division for Billiton Plc. In addition to his duties as a Director, Steve had direct responsibility for base metal operations and projects, worldwide exploration and base metal business development, mergers and acquisitions, mineral technology and project development. Major achievements at Billiton included the acquisition of Rio Algom; the acquisition of the La Granja project in Peru from Cambior; realignment of exploration into a predominately junior managed program; and the development of bioleaching capability and JV with Codelco to exploit the technology. From 1996 to 1997, Steve was CEO and Director of Pacific Nickel Ltd (Australia) where he led a team to finance and rehabilitate the Nonoc nickel mine and refinery in the Philippines. From 1994 to 1996, Steve was CEO of Compania Minera Dona Ines de Collahusai Ltda (Chile) owned by Falconbridge, Minorco, Shell and latterly Mitsui/Nippon. Steve was responsible for the completion of the feasibility study which defined the initial project to produce 380,000 tonnes of copper per year as concentrates and cathode. An EIA to World Bank Standards was completed and all permits obtained whilst off-take agreements and US$1.02 billion of limited recourse project financing were secured and an EPCM contract awarded. From 1991-1994, Steve held the position of Vice President, Business Development at Minera Escondida Ltda (Chile). Steve was seconded by RTZ Ltd. to joint venture partner BHP and was directly responsible for planning and implementing the development of Escondida beyond its initial start up capacity towards its position as the world's largest copper mine with capacity over 1 million tonnes per annum. From 1977 to 1991, Steve served in various capacities at Rossing Uranium in Namibia culminating as General Manager and Director leading the operation through the politically sensitive transition of Namibia into independence. About Greystar Resources Ltd. Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life. Forward-Looking Statements Certain statements in this press release are "forward-looking" within the meaning of Canadian securities legislation and the United States Private Litigation Reform Act of 1995. They include statements regarding the securing of a work permit by the new CEO, the new CEO's ability to progress the Company's development plans and the estimated average annual production from the Company's Angostura gold-silver deposit. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while currently considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause events or results to differ materially from those expressed or implied in forward-looking statements including, the requirements and processing timelines of Canadian immigration authorities, the ability and the time necessary for the new CEO to have an effect on development timelines. Other factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Annual Information Form of Greystar dated March 25, 2008 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Greystar Resources Ltd. Geoff Chater Vice President (604) 614-7830 info@greystarresources.com www.greystarresources.com
OR Investor Relations Contact: Renmark Financial Communications Inc. John Boidman | Dan Symons (514) 939-3989 or (416) 644-2020 jboidman@renmarkfinancial.com | dsymons@renmarkfinancial.com www.renmarkfinancial.com
OR London NOMAD Contact: NCB Stockbrokers Limited Christopher Caldwell +44 (0) 20 7071 5200 christopher.caldwell@ncb.ie Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release. -0- Greystar Resources Ltd. More |
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| 16-02-10 | RNS |
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FOR: GREYSTAR RESOURCES LTD. TSX, AIM SYMBOL: GSL February 16, 2010 Greystar Resources Begins Drill Program at La Plata VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) announced that the Company has commenced a drilling program with one drill rig at the Company's La Plata Property located in the California mining district of Colombia. La Plata comprises 78 hectares of mineral rights contiguous on the majority of its borders with existing Greystar holdings (see map posted at www.greystarresources.com). The La Plata property lies within a mineralized belt related to the northeast-southwest trending La Baja Fault, which has given rise to a number mineralized occurrences. This mineralization, which has traditionally been mined by local artisanal miners, is now the focus of more modern exploration methods. Within the La Baja structural domain, gold and silver mineralization is associated with flexures along the main fault. Exploration carried out by Greystar during the second quarter of 2009 identified vein and stockwork mineralization associated with strong alteration hosted in a dacite porphyry. Rock samples from mine tunnels on site returned gold assays ranging from no significant gold up to 9.66 grams per tonne gold and silver assays ranging from no significant silver up to 94.3 grams per tonne silver. Drill results will be published upon receipt and interpretation of assay results. About Greystar Resources Ltd. Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life. Forward-Looking Statements Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding mineral exploration and drilling programs. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Greystar Resources Ltd. Geoff Chater Vice President (604) 614-7830 info@greystarresources.com www.greystarresources.com
OR Investor Relations Contact: Renmark Financial Communications Inc John Boidman | Dan Symons (514) 939-3989 or (416) 644-2020 jboidman@renmarkfinancial.com | dsymons@renmarkfinancial.com www.renmarkfinancial.com
OR London NOMAD Contact: NCB Stockbrokers Limited Christopher Caldwell +44 (0) 20 7071 5200 christopher.caldwell@ncb.ie Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release. -0- Greystar Resources Ltd. More |
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| 25-01-10 | ||||
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I have been waiting for a chance to enter GSL, as of today I have, reasonable value for the sp IMO.
GLA |
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| 25-03-08 | ||||
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March 25, 2008
Greystar’s David Rovig Knows The Value Of Nose-Rings And Much Else Besides By Alastair Ford “At the end of the day”, says Greystar president David Rovig, “gold is what all currencies are measured at”. That sounds like the start of a very interesting debate, part economic, part philosophic, in which the merits of the world’s relative measures of value are called into doubt. Just what is a currency worth? Perhaps it’s simply what you can buy with it? But trade currencies and then travel across the Atlantic in either direction, and you’ll notice that the price you paid for the money is in no way relative to its purchasing power at your point of arrival. And it’s no accident, either. It’s a deliberate policy of the Fed. So if the Fed is messing with the folding stuff in our wallets, isn’t it worth considering holding a bit of the yellow metal ourselves, just to be on the safe side? And isn’t it the case that dollars are in fact priced in gold, rather than the other way round? It would certainly be a fillip for fans of the long abandoned Bretton-Woods agreement if that were so. So if gold is still the real store of value, just as it’s always been, then what better business to be in than making margin mining it out of the ground? That’s a quick in-the-pub-version of the classic gold bug argument, and, although trained economists can pick holes in it quite easily, the strength of the gold price at the moment is making more noise than any negativity from proponents of the dismal science. Because there’s a further point to be made about gold - it’s easy to understand. Gold is a metal that comes out of the ground. It’s simple. It’s not a credit derivative, or an equity with a nominal valuation quite different from its real one, it’s not something you can print or issue more of on a whim, or manipulate interest on, or re-package and re-sell, and underwrite under another name. So far there haven’t been any bankers who’ve gone bust going long on gold. And David Rovig makes a further interesting observation: “the price of gold nose-rings”, he says, “is up by only a tiny amount”. In other words, the consumer buys gold in such small quantities that, although the price rises do get passed on, the current strength in the gold price doesn’t hurt him or her in the same way as a strong or a weak currency might, or higher or lower interest rates might. Or the credit crunch might. Even if the price of nose-rings is not something that one would think would have an immediate impact on Greystar Resources, all this wends its way back to a simple fact about the company: it’s sitting on 10.15 million ounces of gold measured and indicated up at its Angostura project in Columbia. There’s a further 3.4 million ounces in the inferred category. That’s a resource base that most juniors with an Aim-listing in London can only dream about. It’s reasonably impressive for Toronto too. And the discovery cost per ounce isn’t bad either – US$4.20. Compare that to a gold price dancing around US$1,000, and you can see why Mr Rovig likes talking about gold, nose-rings or otherwise. He’s got to get the money to dig it up, of course. But Greystar’s long-standing London broker Ocean Equities is pretty confident that finance can be found. It could hardly be otherwise. With the notable absence of RAB, Greystar boasts almost every big London name on its share register, not to mention a few impressive North American ones. Any equity raising ought to be a walk in the park, even with the current market jitters. And banks must be falling over themselves to back gold projects, for the very reasons outlined above. Still, that’s all a little way away. Mr Rovig reckons he’ll need an initial US$350 million to get a heap-leaching operation up and running, and a further US$100 million to put in a biox and leaching facility to process some of the more recalcitrant ore. The second, however will more than likely be financed by cashflow from the first. A . . . Read Full Message More | View thread (1) | Respond | Login to Vote up |
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| 25-02-08 | ||||
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Greystar Feasibility Study Progresses in Colombia
By Andrew K. Burger 24 Feb 2008 at 11:20 AM GMT-05:00 BAKU, Azerbaijan (ResourceInvestor.com) -- The pieces are coming together for Greystar Resources [TSX:GSL; AIM:GSL] as it moves towards completing a feasibility study for the Angostura deposit in northeastern Colombia. Progress is being made regarding efforts to determine and evaluate metallurgy, rock mechanics, environmental monitoring and infrastructure requirements, as well as strengthening community relations, according to a Feb. 20 media release. Aimed at upgrading intervals of higher grade gold-bearing ore from the Indicated to Measured Resource category Greystar is carrying out a 40,000 metre in-fill diamond drill program in selected areas, an effort that is expected to be completed in Q3 2008. Tonnage estimates at Angostura increased 8.4%, gold grades rose 2.6%, and Measured and Indicated Resources increased 11.1% following the completion of a similar effort within the core of the deposit’s Perezosa tunnel in 2006, Greystar executive vice-president Frederick Felder, noted in the release. “The current drill program is in the early days but the values from the late 2007 in-fill drill program are showing confirmation of the continuity of higher-grades with hole DM07-12 returning 13.87 grams gold per tonne over 5.25 metres and 17.24 grams gold per tonne over 5.4 metres,” he added. Opening Up Angostura Greystar holds mining concessions covering just over 30,000 hectares in northeastern Colombia near the Venezuelan border 55 kilometres by road from Bucaramanga, a city of approximately one million people. Management has steadily and in a cost-effective manner been defining and expanding Angostura’s gold and silver resources. Nearly 267 thousand metres of drilling has been completed as of February. Inferred Resources were converted to the Indicated Resource category at a 246% rate between 2004 and August 2006 at a cost of C$4.20 per ounce. According to a December 2007 resource estimation update, Angostura hosts an NI 43-101 compliant Measured Resource of 88.49 million tonnes of gold and silver grading 0.79 grams and 4.0 g/t, respectively, and an Indicated Resource of 145.826 million tonnes grading 1.69 g/t gold and 8.0 g/t silver. This translates into 10.15 million ounces gold and 37.76 million ounces silver, which is contained in 234.32 million tonnes of material grading 1.35 g/t gold and 7.3 g/t silver, according to company information. An additional 3.43 million ounces of gold in 77.7 million tonnes grading 1.37 g/t is estimated and categorized as Inferred Resources. Latest results from the 25-metre interval in-fill drilling program also included 5.16 g/t gold over six metres, 3.72 g/t gold over 10.65 metres and 40.4 g/t gold over 3.85 metres. Higher grade intervals were not drilled to sufficient density in the company’s December 2007 resource estimate to qualify as Measured Resources according to NI 43-101 criteria. Some two-thirds of Greystar’s 2008 drilling program will be dedicated to upgrading and better defining these higher grade intervals, according to management. Determining Feasibility Drilling activities currently underway also aim to improve Greystar’s understanding of areas of the Angostura deposit outside Perezosa, as well as identify new targets. Underground development work at Perezosa includes more than 2,500 metres of drilling from 56 drill stations Underground work is progressing at Veta de Barro, where the deposit has been opened approximately 200 metres higher above the workings at Perezosa. Drilling has advanced 85 metres and a 158-metre pilot drill hole from within the drift has been completed. New target exploration is underway and the first drill hole testing to 409.1 metres has been completed at the Las Animas target approximately one kilometre south of the main Angostura deposit and the diamond drill rig is being moved 250 metres south. Moving to . . . Read Full Message More | View thread (1) | Respond | Login to Vote up |
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