Business
Guskin Gold Secures Interest in Tepa Concession, a 50-Acre Alluvial Gold Field in the Ashanti Region, Ghana.
Guskin Gold Secures Interest in Tepa Concession, a 50-Acre Alluvial Gold Field in the Ashanti Region, Ghana..
About this update from Guskin Gold Corp.
[{"type":"text","content":"The Company is pleased to announce the Joint Venture with Ensuro Group of Companies with the purpose to bring the project into modern commercial production.SAN JOSE, CA / ACCESSWIRE / February 8, 2022 / Guskin Gold Corp (OTCQB:GKIN) ("Guskin Gold" or the"Company") is pleased to announce it has entered into a Joint Venture and Partnership Agreement with Ensuro Group of Companies Limited ("EGCL") for the exploration, development, exploitation, and commercial production and operation of the Tepa gold project.The "Tepa Concession'' covers a total surface area of fifty (50) acres and is located near Nfante in the Ahafo Ano District of Ghana. EGCL are the Licensed Leaseholders of Mining and Mineral Rights Owners of the Tepa Concession. The area is part of a Mining Programme initiated by the Ghana Government in collaboration with the Minerals Commission.Per the Joint Venture Agreement EGCL granted Guskin Gold Ghana an exclusive seventy percent (70%) ownership interest in the Tepa Concession for the purpose of commercially producing alluvial gold from the property.As consideration for the Partnership, the Company will provide all financing in accordance with a work program and budget necessary to extract ore and to conduct all operational activities relating to the further development and exploitation of the Tepa Concession.Additionally, the Company shall advance to EGCL an amount of Three Hundred Thousand (GH₵300,000) Ghana Cedi, which shall be repaid from the initial monies earned from the Tepa Concession.The Company has already begun the due diligence work program and report to assess the extent of the alluvial gold plain as well as pitting with an excavator to determine gravel and recovery characteristics, and expects the reports to be completed in the coming week.About Guskin Gold Corp.Guskin Gold Corp. (OTCQB: GKIN) is a mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and alluvial mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world. The Company's leadership team is world-class. Many are native to Ghana and all offer specialized expertise in the business of gold exploration, mining, public markets, finance, and all are passionately committed to the...