Lima, Peru, April 8, 2013 (GLOBE NEWSWIRE) -- The Graystone Company (OTCQB: GYST) announced today that the Company's mining operations has increased its gold production. The increase is a result of the new equipment being used in the Company's mining operations. The Company expects once the shaker tables are in use that production will increase further.
Additionally, the Company previously sent approximately 350 grams of gold to be refined and sold. The Company received the assay results from this shipment. The assay indicated that the gold had a purity level of approximately 80%. 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 will update its shareholders next week on its mining productions in Suriname and Peru.
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.
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