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Guskin Gold Corp. (OTCQB:GKIN) Updates Shareholders on Outlook of Kukuom Gold Property
Guskin Gold Corp. (OTCQB:GKIN) Updates Shareholders on Outlook of Kukuom Gold Property.
About this update from Guskin Gold Corp.
[{"type":"text","content":"Director of Exploration, Francis Agezo, Discusses Kukuom Property's Prospects Relative to Asante Gold's Recent Purchases of Neighboring Producing Gold Mines, Bibiani and Chirano.SAN JOSE, CA / ACCESSWIRE / June 24, 2022 / Guskin Gold Corp (OTCQB:GKIN) ("Guskin Gold" or the "Company"), operating the Kukuom Gold Project located in the highly prospective Swefi gold belt, today issued an update to shareholders from its Director of Exploration, Francis Lovebridge Agezo.Francis AgezoDear Shareholders,At the request of the CEO and Chair, Mrs. Naana Asante in response to investor interest in the Kukuom Gold Project, I am pleased to provide shareholders opinions and commentary on the recent acquisitions of the Chirano and Bibani Mines by Asante Gold Corporation (no relation to Mrs. Asante).Kukuom Gold Project BackgroundThe Kukuom Gold Project is located in Asunafo South District, Ahafo Region, and is a Joint Venture Partnership with Danampco Company whereby Guskin Gold has an exclusive seventy (70%) percent ownership interest.The licence area is 156 square kilometres and the Kukuom Gold Project is highly prospective, 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.As previously released, the proposed exploration program is designed to assess subsurface gold mineralization on the Kukuom concession, with the goal to locate and develop an economic gold resource and undertake mining of that resource. The purpose is to identify and characterize zones of gold-bearing veins of suitable size to allow for their mining, and it is envisioned that several or numerous zones may be identified that will provide sufficient material for mining operations for many years.Recent Acquisitions of Neighboring Gold Mines Chirano and BibianiNotably on April 25, 2022, Kinross Gold Corp. (NYSE: KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold Corp. (CSE: ASE); Asante Gold having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (ASX, LON: RSG) in August 2021.Relevance of the Chirano Gold Mine and Bibani Gold MineNot...