PORT ST. LUCIE, Fla.,
Feb. 12, 2013 /PRNewswire/ -- Ghana
Gold Corporation; (OTCPINK: GGCO) has announced today that the
company produced 684 grams during the month of January.
Production in January was approximately 12 days, with typical full
production month being 20 to 22 days. As previously
announced, primary alluvial operations are being relocated to a new
target zone which has shown significantly higher sampling
results. Therefore, production days were lost scaling down
operations and beginning the redeployment of equipment to the new
site. Scaled down production will continue at the
existing location while the new target zone is brought into full
production.
The new targeted area is in the SW corner of the 133 sq km Jukwa
Concession where test results have reached 2.5 gpt. The new site is
ramping up on schedule and should reach target production levels by
the first week in March. Management is confident that it will still
attain its forecast of a 20% increase in production for the first
quarter of 2013 over the same period last year. This will be
achieved with the completion of its move to what is believed to be
a much more productive area.
Robert Kirkcaldy, COO states, "We
look forward to completing the move and getting all of our
equipment working together optimizing our alluvial
production. I expect March we'll be able to share production
output reports with some great results."
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
