SAN JOSE, Calif. /ACCESSWIRE/August 12, 2022/ Guskin Gold Corporation (OTCQB: GKIN) (“Guskin Gold” or the “Company”), is pleased to announce the commencement of the 2022 ground geophysical program at the Company’s Kukuom Gold Project in the Sefwi-Bibiani Gold Belt, Ghana, Africa .
The company has engaged Terranet Limited to perform induced polarization (IP) and ground magnetic surveys on the Kukuom “Open Pit” prospect.
The two ground surveys follow the highly favorable airborne geophysical target in the “Open Pit” area that the Company previously announced on March 7, 2022 when the Company completed an interpretation of the airborne geophysical survey coinciding with grab and breakout samples at high content.
The report identified six (6) high priority target anomalies; the most promising covering the “open pit” is a 2,000 meter long magnetic anomaly directly overlaid and correlated to previously announced high-grade rock samples, which tested up to 46.6 g/t gold in the area known as the “open pit”.
Terranet Limited is based in Accra, Ghana and will conduct the study on the Kukuom “Open Pit” prospect. The field team will start the survey in mid-August which covers an estimated area of 1.6 km², with approx. 16.8 km of IP lines, using the pole-dipole network with a dipole spacing of 25 meters using 8 dipoles. The Ground Magnetics study will cover approx. 40 kilometers online. The survey is expected to last approximately 6 weeks, followed by the analysis and interpretation of the resulting data.
Over the past few years, Terranet has been involved in the acquisition, processing, interpretation and evaluation of a wide range of aerial and ground geophysical data across Ghana and West Africa, in using this information for exploration purposes as well as in the preparation of large and small scale maps, from the capture (digitization) of data, their structuring to the integration of processing and interpretation.
IP/resistivity and magnetic surveys will be conducted throughout the “open pit” area, extending to the east and west of the favorable contact zones of metasedimentary and metavolcanic units that host dyke systems. gold and quartz. The intention of the extensions beyond the contact zone is to allow deep penetration of the substrate, up to 400 meters below surface, and to identify any mineralization buried below the current proposed drilling depth of 17 holes and 150 meters scheduled for later this season.
Mr. Francis Lovebridge Agezo, Exploration Manager of Guskin Gold, says “The proposed exploration program is designed to give us a better understanding of the gold mineralization underground. The purpose of geophysics is to identify and characterize the gold vein areas of size to allow for their eventual mining.We believe that many areas can be identified which could provide enough material for mining operations to begin and hopefully continue for many years to come.
“A positive outcome will give us the geological confidence to define high priority targets for the upcoming drilling program and our work to produce a mineral resource recognized by international reporting standards such as Canadian NI 43-101 or the Australian JORC (2012).” Mrs. Naana Asante, CEO, Director and President of Guskin Gold, says. “We look forward to continuing to issue timely updates to our JV partners, suppliers, government and shareholders, keeping everyone informed as we develop, improve and expand our operations. in Ghana.”
The Kukuom Gold Project Importance
Located in the southern district of Asunafo, in the Ahafo region, it is a joint venture partnership with the Danampco company in which Guskin Gold holds a seventy (70%)% exclusive interest (see the company press release dated February 1, 2021).
The license area is 156 square kilometers and the Kukuom gold project is highly prospective, spatially linked to major mines, including Newmont’s Ahafo gold mine (23Moz) located approximately 30 km north of the Kukuom property. , and Asante Gold’s Chirano Gold Mine (5Moz) located approximately 45 km south-southeast of Kukuom and their Bibiani Gold Mine (7Moz) located approximately 25 km southeast.
Francis Lovebridge Agezo, director of exploration for Guskin Gold, is recognized as a contributor to the discovery and development of deposits at the Chirano mine. Notably on April 25, 2022, Kinross Gold Corp. (KGC) announced the sale of the Chirano gold mine for $225 million to Canadian Asante Gold (ASE); Asante previously acquired the Bibiani gold mine for $90 million from Australian Resolute Mining (RSG) in August 2021.
About Guskin Gold Corp.
Guskin Gold Corp. (OTCQB: GKIN) is a publicly listed mining company in the United States, headquartered in Santa Clara, California. Guskin is focused on gold exploration and mining in Ghana, the top gold producer in Africa and the seventh largest gold producing country in the world. The company’s management team is world class. Many are from Ghana, all offer specialist expertise in gold exploration, mining, public procurement and finance. And all are passionately committed to the success of the Company, our partners and investors. For more information, please visit www.guskingold.com.
Declaration of qualified person
Guskin Gold’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Francis Lovebridge Agezo, P.Geo, the Company’s Exploration Manager and a Qualified Person as defined in National Instrument 43- 101. This press release has been prepared for the purpose of reporting on operations relating to the Company’s Kukuom Gold Project. The Company accepts no responsibility or liability for any use of this report or any reliance placed on this report by any person, other than the use of the entire report by the Company for the Purpose. The full report, although unpublished in this press release, should always be considered in its entirety.
Mrs. Naana Asante
Chief executive officer
Forward-Looking Statements and Disclosure
This press release contains “forward-looking statements” that are not purely historical and may include statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend, “believe”, “estimate”, “will expect”, “project”, “plan” or similar expressions may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those projected in forward-looking statements in due to numerous factors. the factors include, among others, the inherent uncertainties associated with the exploration and exploitation of the “Tepa Gold Mine” and/or the “Kukuom” concession, new mining and/or gold projects , obtaining necessary financing, the future of the United States and the world economy, the impact of competition and the company’s dependence on existing mining and exploration regulations. ion of mineral properties in Ghana and overseas.These forward-looking statements are made as of the date of this press release, and w We undertake no obligation to update any 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 the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct. Investors should review all of the information set forth herein and should also refer to the disclosure of risk factors described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other periodically filed reports. from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
THE SOURCE: Guskin Gold Corp.