After years of frustration, Greystar Resources shareholders successfully campaigned to dump CEO Steve Kesler and the board of directors in the aftermath of continued delays in its Angostura gold-silver project in Colombia. Greystar (TSX, AIM: GSL) has been working on the development of Angostura for 15 years, investing C$153 million thus far in the US$1 billion project.
GREYSTAR RESOURCES LTD. Mining News
Canada's Greystar Resources Ltd (GSL.TO) said on Friday it was not abandoning its Angostura gold project in Colombia and would present plans to change the mine to underground from open pit.
Canadian junior Greystar Resources says it is going ahead with a $600 million precious metals mining project in Colombia where it has outlined a major gold/silver resource.