PORT ST. LUCIE, Fla., March 20, 2013 /PRNewswire/ -- Ghana Gold
Corporation; OTC (PINKSHEETS: GGCO) is pleased to announce today
that the company produced 455 grams of gold during the month of
February from Alluvial Production. Production was limited to 6
days as the Company had been relocating equipment to a new site
within the Jukwa Concession. Logistic maneuvers required more
time than expected, with the move now completed the Company
anticipates a full production schedule of approximately 24 days per
month to commence shortly.
Testing at Ghana Gold's new site has resulted in multiple
samplings approaching 2.0 gpt. On March
8th in its first day of limited production at the
new site, Ghana Gold's production team netted a very encouraging
211.5 grams. Full production is expected to commence next week and
Management is confident that even with a partial production
schedule in March, that the Company will approach and perhaps
surpass Alluvial production from the same period last year of 1395
grams.
Unlike the vast majority of Junior
Miners, Ghana Gold employs a unique strategy of harvesting
alluvial gold while planning and testing for hard rock reserves. At
a time when many Junior Miners are
facing difficulty in financing projects, Ghana Gold's alluvial
production helps to create self-sustainability.
Robert Kirkcaldy, COO states, "It is
a very exciting time for the Company, as recently announced the
Company executed a LOI with Founders Mining and we are close to
completing our due diligence. Additionally, we are heading
into several typically dry months which allow for greater
production and revenue. With our move being completed we look
forward to maximizing our alluvial opportunity and reporting
increased growth to our shareholders as we continue to mine, test
and explore these concessions and evaluate other new potential
prospects for the Company to enhance shareholder
value".
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
