SOURCE: IO NewsWire

June 20, 2012 07:30 ET

The Graystone Company Assay Results Show High Quality Gold From Its Peru Site

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - Jun 20, 2012) - The Graystone Company (OTCBB: GYST) has announced the completed assay results from their initial sampling of gold ore from their Gorila, Peru Project. Initial results show samplings of 84.7% gold which the Company expects to be able to sell at $1,374 per gross ounce.

The Peruvian mining industry represents about 60% of the country's export earnings. Earnings from mining are expected to grow 6% annually through 2011-13 mostly driven from large mining outfits like Newmont Mining (NYSE: NEM), Barrick and helped by smaller upstarts like The Graystone Company.

The Graystone Company, Inc. is a mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Company recently acquired Gorila and has estimated it could hold $100,000,000 worth of gold reserves.

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