Guskin Gold Corp (OTCMKTS:GKIN) Secures Mineral Exploration Operating Permit for Kukuom Gold Project, Ghana
Guskin Gold Corp (OTCMKTS:GKIN) has announced that the Danampco Company Ltd. has reported about receiving a Mining Exploration Operating Permit from the Inspectorate Division of the Minerals Commission of Ghana. It is the go-ahead for the commencement of exploration activities of the Kukuom Gold Project!
Market Stats
On Thursday, GKIN stock ended flat at $1.49 with 2.4K shares, compared to its average volume of 1.6k shares. The stock moved within a range of $1.4900 – 1.4900 after opening trading at $1.49.
Situated in Asunafo South District, Ahafo Region, the Kukuom Gold Project is a joint venture partnership with Danampco Company whereby Guskin Gold has an exclusive seventy (70%) percent ownership interest. The area spans 156 square kilometers and is highly prospective.
The Kukuom Gold Project is spatially related to major mines including Newmont’s Ahafo Gold Mine (23Moz) located approximately 30km north of the Kukuom property, and Asante Gold’s Chirano Gold Mine (5Moz) located approximately 45km south-southeast of Kukuom and their Bibiani Gold Mine (7Moz) located approximately 25km southeast.
The exploration program is for determining subsurface gold mineralization on the Kukuom concession, with the objective of locating and developing an economic gold resource and undertaking mining of that resource. It is to detect and characterize zones of gold-bearing veins of the suitable size to allow for their mining. It is expected that various zones could be identified that provide sufficient material for mining operations for many years.
Guskin Gold Corp plans to develop Kukuom as a custom milling and direct shipping operation as it is close to major mining operations with a substantial milling infrastructure.
