PORT ST. LUCIE, Fla.,
Jan. 17, 2013 /PRNewswire/ -- Ghana Gold
Corporation; (PINKSHEETS: GGCO) is pleased to announce the
following information on its Jukwa Concession.
Ghana Gold holds a Joint Venture mining development
agreement with Pioneer Projects & Services Ltd, the License
owner of the Jukwa Concession (Pioneer). Ghana Gold acquired
these rights with the acquisition of the West African Projects
(WAP), which has benefited from this production since
completion of their agreement with Pioneer in January of 2012.
Terms of the JV agreement give Ghana Gold 40% net of
all production from the site. The 133.3 sq. km Jukwa
Concession is situated at the central portion of the Kumasi basin
in the Ashanti Asankragwa belt, one of Ghana's main gold belts. Testing has
been ongoing since 2009 and will continue which includes mapping,
geochemical soil sampling, pitting and trenching for alluvial and
rock sampling. Auriferous gravels were discovered both in
valleys and on terraces along the banks of the Ankobra River.
Production at the site commenced February
2011 on less than 3% of the land area and has produced over
31,000 grams over 23 months, or an average of 1,347 grams per
month.
Robert Kirkcaldy, President and COO
of Ghana Gold commented that, "The Company will continue its
strategy to harvest alluvial gold while conducting Junior Mining
hard rock testing. The Jukwa concession is truly enormous and
with the implementation of additional equipment, Ghana Gold is
confident that monthly production will increase."
The company's website is www.Ghanagoldcorporation.com
Robert Kirkcaldy, President and
COO
Ghana Gold Corp.
For further Information and inquiries please call:
866-340-3095.
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of
historical fact, may include forward-looking information that
involves various risks and uncertainties. There can be no assurance
that such forward-looking statements will prove to be accurate.
Actual result and future events could differ materially from those
anticipated in such statements. These and all subsequent written
and oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should
circumstances or management's estimates or opinions change, other
than as required pursuant to applicable securities laws.
SOURCE Ghana Gold Corporation
