What We Do Our Natural Resources Division (Graystone Mining) locates and extracts mineral deposits for refining through the acquirement of properties where proven or probable mineral ore reserves have already been discovered.
Where We Work Our Natural Resources Division operates in Peru, a wildly diverse country rich in natural resources. We are diligent in employing environmental conservation strategies that help protect the ecosystem and physical landscape.
One of our companys goals is to have a positive environmental impact on the local communities that are touched by The Graystone Company. We want that impact to include conservation and protection of natural resources. We are looking to find environmentally friendly ways for our company to conduct operations in the area.
Graystone CEO Paul Howarth
How We Do It We employ a variety of mining methods in order to maximize our search for gold and other precious metals. Our methods include:
Placer mining Trommel Mining Sluice Box Mining Deposits, including Residual, Alluvial, and Bench deposits The Social Dynamic The Graystone Company is the single largest private employer in our area. We currently employ 8 local villagers, and at the time of our bulk testing, we employed as many as 25 local villagers. We firmly believe in establishing our company as a fixture within the community, providing jobs and a sense of local pride within the surrounding populace. Graystone Mining has also happily donated school supplies to the local village of Borja.
Contact Info The Graystone Company, Inc. 2620 Regatta Drive Suite 102 Las Vegas, NV. 89128 888-933-4933 Info@Graystone1.com
The Company has established the following goals to be completed by the end of 2012, assuming the Company has the necessary capital: To begin the environmental impact study for Gorilla by March 31, 2012 To begin production mapping of Gorilla by March 31, 2012 To acquire 5,000 acres of mining properties by June 30, 2012 To begin initial mapping of our second site, Graystone II, by June 30, 2012 To begin second phase of bulk sampling with heavy equipment on Gorilla by December 31, 2012 To acquire 10,000 acres of mining properties by December 31, 2012 Complete the initial mapping of Graystone II by December 31, 2012 To identify a hard rock project by December 31, 2012 that can be developed and in production within 3 years To access and analyze any other projects and/or opportunities that are presented to the Company
Graystone has a HUGE social presence in which can help investors with their DD and piecing together all of the puzzle on a continual bases. IMO, this one is a truly undiscovered play. It is not a well used shell that has been pumped over and over. GYST was a recent IPO and it appears to have very few shareholders creating massive overhead.
The Graystone Company: GYST Financials Market Value $61,670,400 a/o Nov 01, 2011 Shares Outstanding 192,720,000 a/o Oct 20, 2011 Authorized Shares 700,000,000 a/o Aug 03, 2011
Revenue $38,302----Three Months Ending June 30, 2011 $82,137----Six Months Ending June 30, 2011 $156,941---Period from Inception to June 30, 2011
Portage Resources: POTG Financials Market Value $314,218,500 a/o Nov 01, 2011 Shares Outstanding 4,457,000,000 a/o Oct 24, 2011 Authorized Shares 5,000,000,000 a/o Oct 24, 2011 Par Value 0.001
Revenue $0.00----Three Months Ending June 30, 2011 $0.00----Six Months Ending June 30, 2011 $0.00---Period from Inception to June 30, 2011
The Graystone Company (GYST) Announces Launch of Retail Gold and Precious Metals Division
LAS VEGAS, Jan 17, 2012 (BUSINESS WIRE) -- The Graystone Company /quotes/zigman/6059498 GYST -3.45% , announced today that it has launched its retail gold and precious metals division, Graystone Gold and Precious Metals. The division will be selling precious metals directly to consumers through its website www.GraystoneGold.com . The Company will initially focus on selling gold and silver bullion.
The Company intends to vertically integrate its business from producing gold and precious metals from its own mines to being able to sell directly to consumers and jewelers. Selling gold and silver through its retail division allows the company to increases its margins by 15-20%. Junior mining companies typically sell its ore to refineries for 5-7% below spot price. However, by selling it retail the Company can sell the gold and other precious metals for 10-15% over spot (for an increase of up to 20%). For example, the increase in margins could generate an additional $300 per ounce of gold.
The Company will initially purchase gold and the other precious metals from wholesale sources until the Company's mining operations begin producing sufficient ore.
"This is just our first step in vertically integrating our business, " said Paul Howarth, managing director of The Graystone Company. "Our focus is to bring our mining operations online and to generate revenue as quickly as possible. The retail division allows the Company to begin generating revenue almost immediately. We expect to grow the retail business over the next 8-12 months while we are building out our mining operations. At which time, we can begin selling the gold and silver we produce directly to consumers and jewelers."
The division's website is still in its beta testing phase and expects to go live on February 1, 2012. During the beta testing phase, the Company will limit its transactions to 1 ounce silver, 1 gram gold and 1 ounce gold bars.
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.
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: The Graystone Company
The Graystone Company, Inc. Paul Howarth, 702-438-4100 info@graystone1.com
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The Graystone Company (GYST) Announces Shareholder Precious Metal Purchase Program
LAS VEGAS, Jan 18, 2012 (BUSINESS WIRE) -- The Graystone Company /quotes/zigman/6059498 GYST +12.50% , announced today that it is creating a shareholder precious metal purchase program. Under the program, qualified shareholders may purchase precious metals from the Company at near spot prices. To qualify a person must be a shareholder of record at the time of purchase and own at least 5,000 shares of the Company's common stock.
Shareholders can download and print a Shareholder Purchase Request Form from the Company's website: www.graystonegold.com .
At least once a month the Company will publicly announce a product to be sold to the shareholders. The product will be limited in number and will be shipped on a first come first serve basis.
The Company's initial product under the program is as follows:
The price above does not reflect shipping charge of $7.99. Any shareholder who pays by credit card will incur a fee of 2.9%.
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.
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: The Graystone Company, Inc.
The Graystone Company, Inc. Paul Howarth, 702-438-4100 info@graystone1.com
The Graystone Company (GYST) Announces Assay Results From Gorilla Gold Deposits
LIMA, Peru, Jan 27, 2012 (BUSINESS WIRE) -- The Graystone Company /quotes/zigman/6059498 GYST 0.00% , announced today its results from the Company's recently completed preliminary study at the Company's mining project Gorilla in Peru. The preliminary study is designed to expand and update the Company's inferred gold resources and to begin mapping the mineralization of the gold on the property.
The results of the mapping will assist in identifying high priority mining targets once the Company begins limited production (or bulk sampling), planned for the late fall of 2012.
The Company's Managing Director, Paul Howarth, will be in Peru for the month of February to retain an additional geologist in Peru who will assist in the mineralization map. The Company expects the mineralization map to take at least 7-12 months to complete. During this time, the Company is also beginning the construction on a new mining camp on Gorilla to prepare for additional operations to commence once the mineralization map has been completed.
A summary of the results of the prefeasibility study are as follows:
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.
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: The Graystone Company, Inc.
The Graystone Company, Inc. Paul Howarth (702) 438-4100 info@graystone1.com
The Graystone Company (GYST) Announces Project Plan for Its Mining Projects in Peru
LIMA, Peru, Jan 30, 2012 (BUSINESS WIRE) -- The Graystone Company /quotes/zigman/6059498 GYST 0.00% announced today its project plan for its mining projects in Peru.
The Company recently announced that preliminary assay results demonstrated approximately 0.7 grams of gold per cubic meter with a high of 1.47 grams per cubic meter on the Company's Gorilla mining project. Additionally, the Company's geologist completed a contour map of the project. The contour map was produced by the geologist by probing 102 data points to determine the average depth of the test area, which was approximately 2.4 meters with a high of 5.1 meters. Between Gorilla and Graystone II, the Company has a total portfolio of 1,200 hectares (or 2,965.27 acres) or approximately 12,000,000 square meters (or 4.63 square miles) of mining claims in Peru.
The Company during its preliminary testing (bulk sampling) mined approximately 20 cubic meters per day. The Company expects once it has acquired the necessary heavy equipment it can mine at least 10 - 15 cubic meters per hour with the goal to increase production to 75 - 100 cubic meters per hour within 24-36 months.
"The Company's initial testing has been successful," said Paul Howarth, Managing Director of The Graystone Company. "Based off the results of our preliminary testing the Company is moving forward with our projects in Peru. In 2012, we expect to slowly expand our operations in Peru with the intent to be in full production in 2013. It is important that we build a solid foundation to support our future operations in Peru."
The Company's project plan consist of three phases:
Phase 1:
The Company's geologists will begin mapping the portfolio of properties that it currently owns.
The Company's project manager will begin the construction of the mining camp for operations. The camp will include living quarters for staff, dining area, food preparation and storage, and storage for supplies and spare parts.
The Company expects Phase 1 to begin in late February 2012 and take approximately 7 - 12 months to complete.
Phase 2:
Construction or acquisition of equipment capable of processing at least 25 cubic meters per hour.
Begin environmental impact study for Gorilla and Graystone II.
The Company expects Phase 2 to begin in July 2012 and take approximately 4 - 6 months to complete.
Phase 3:
Begin limited production on its mining properties.
The Company expects Phase 3 to begin in December 2012. The Company anticipates that the total cost of the three phases to be between $750,000 and $1,250,000.
No proven (measured) or probable (indicated) reserves have been established with respect to the Gorilla project. Any references to estimated, potential and/or "inferred" reserves or resources, and any estimated values of such reserves, contained in the geological report, or set forth in any other communication (i) do not represent proven (measured) or probable (indicated) reserves within the meaning of Item 102 of Regulation S-K and the Commission's Securities Act Industry Guide 7, and (ii) should not be relied upon by any person in evaluating the Company's prospects at the Gorilla project or any other of its projects.
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.
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: The Graystone Company
The Graystone Company, Inc. Paul Howarth, 702-438-4100 info@graystone1.com