PORT ST. LUCIE, Fla.,
Jan. 29, 2013 /PRNewswire/ -- Ghana Gold Corporation
(OTCPINK: GGCO) is pleased to announce that in 2012 it produced a
total of 18,878 grams (approximately $50 per gram and $949,573 gross annual revenues) in its first year
of production (Production reports are based upon a consolidation of
WAP and Ghana Gold Production).
Management's goal is to increase production by 20% in the first
quarter of 2013. This will be achieved with the
implementation of new equipment and concentration of alluvial
efforts targeting expansion to the SW corner of the 133 sq km Jukwa
Concession. The Company plans in February to commence mining
in its new target zone within the Jukwa where test results have
reached 2.5 gpt.
It is important to note that Ghana Gold's business model is to
produce alluvial gold while conducting typical Junior Mining
testing for hard rock deposits. This strategy maximizes
shareholder value with current revenue while proving up additional
gold reserves. Testing in the immediate future is planned at
both the Jukwa and Ahenkro concessions. Together these two
concessions combine to approximately 235 sq. km., both with long
term production potential.
Robert Kirkcaldy, COO states, "The
Company will be releasing monthly production reports on the second
Monday of the following month for the previous month's production."
Kirkcaldy also stated, "Revenues will be reported in quarterly
filings as the Company continues its path to becoming a fully
reporting OTC issuer."
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
