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Trading Update

26th Aug 2014 09:30

RNS Number : 9930P
Golden Saint Resources Ltd
26 August 2014
 



26 August 2014

Golden Saint Resources Ltd

 

("Golden Saint" or the "Company")

 

Trading Update

 

 

Diamond sales

 

Golden Saint is pleased to announce that, following a private showing of its diamonds, on 22 August 2014, which was organised by Millionaire Asia at the Singapore Fairmount Hotel, revenues of US$35,788 were generated from the sale of 11 diamonds totalling 12.74 carats. Golden Saint is also following up on a number of additional sales enquiries. These are the first confirmed revenue streams for the Company.

 

Artisanal gold mining in the Rowaka village Tonkolili

 

The artisanal miners sponsored by Golden Saint Diamonds SL Ltd ("GSD") in the village of Rowaka have started to recover gold following the washing of the gold gravel. Golden Saint will be in a position to provide an update on quantities recovered in due course.

 

GSD will have to apply for an export licence for both gold and diamonds in order to be able to export the finds from the artisanal miners in both Rowaka and Zimmi.

 

Bulk sampling plant - The Dove Explorer

 

Due to the presence of the Ebola virus in Sierra Leone there has been a 21 day curfew on the movement of the Company's diamond bulk sampling plant, the Dove Explorer, from Kenema to Baja. This curfew is due to expire in 5 days' time, after which Golden Saint will be able to move the plant to Baja, to begin bulk sampling for diamonds.

 

For further information please contact:

 

Golden Saint Resources Ltd

 

Cyril D'Silva, Executive Chairman

+618 64677778

Beaumont Cornish Limited

 

Roland Cornish / Emily Staples

+44 (0) 20 7628 3396

Optiva Securities

 

Jeremy King

+44 (0)20 3137 1904

Newgate Threadneedle

 

Josh Royston/Robyn McConnachie

+44 (0)20 7653 9850

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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