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.
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 filings with the Securities and Exchange Commission.