SAN JOSE, CA / ACCESSWIRE / January 3, 2023 / Guskin Gold Corp (OTCQB:GKIN) (“Guskin Gold” or the “Company”), is pleased to announce the initiation of the a detailed geological and regolith mapping program on the Kukuom Gold Project located in the renowned Sefwi-Bibiani Gold Belt in Ghana, Africa.
The detailed geological and regolith mapping is currently being carried out across the area of the “Open Pit” and extending East and West of the favourable contact zones of the metasedimentary and metavolcanic units that hosts gold-quartz vein systems.
The detailed surface geological and structural mapping program, alongside a rock chip sampling program, has begun in the most prospective part of the Kukuom concession. The mapping is being done along gridlines of 100-meter spacing and 50-meter line spacing over the main magnetic anomaly (as previously reported on March 2, 2022).
“Current geological mapping data and existing geology maps on the Kukuom property are preliminary and regional in nature.” States Mr. Francis Agezo, Guskin Gold’s Director of Exploration. “This warrants a comprehensive and more detailed surface geological and regolith mapping program to be conducted in tandem with rock chip sampling. The main objective of this program is to constrain the rock units in the mapped area, investigate the occurrence of subdued but consistent low-tenor gold-in-soil values and occasional spiky soil-gold values and relation to the units, generate a reliable regolith interpretation and enhance the litho-structural knowledge and understanding.”
The airborne data interpretation undertaken earlier had confirmed the presence of six (6) distinctly high magnetic signatures, which are circular-elliptical shaped, and which could be indicative of shear zones that may have strike lengths in excess of 2,000-meters and are the primary targets to host gold-quartz vein systems.
One of such high magnetic anomalies (Target 1), is coincident with the Kukuom artisanal “open pit” prospect, where high-grade gold quartz vein systems in the artisanal open pit workings are featured. Target 1 which lies within the broader area being mapped, has since been investigated by soil geochemistry on 200-meter by 50-meter grid and ground magnetic and Induced Polarization (IP) surveys.
The current detailed field mapping was preceded by ground geophysical surveys which was carried out to get a better understanding of the bedrock geology. The ground magnetics aimed to assist in a better definition of bedrock structure and IP was very effective in outlining zones in bedrock with disseminated sulfides, which are typically associated with gold-bearing structures and vein systems.
The detailed field mapping exercise will further constrain the lithological units within the mapped area that are most favorable for gold mineralization; it will allow ground-checking or ground-truthing of the prominent magnetic anomalies interpreted from airborne and ground data.
Additionally, the regolith data collected will also aid in the compilation of a comprehensive regolith map. The distribution of laterites and transported regolith materials and their effects on geochemical response in the mapped area will be studied. Rock chip, grab, and laterite sampling will be undertaken in tandem with field mapping program. In areas where outcrops are located, rock chip/grab sampling of rock exposures will be taken.
“The detailed geological mapping exercise, when completed in prospective areas, will allow the compilation of detailed geological maps in order to develop a more detailed geological and structural framework for mineralization in the prospect area and in the entire mapped area.” Mr. Agezo explains “Attention will be given to the relationship between the mafic volcanic rocks; the metasediments, intrusive bodies and the contact zone. These are considered to provide the right rheological contrast and zones of weaknesses to create the fluid pathways needed for transportation and deposition of the mineralized fluid”. He further states “A comprehensive detailed geological and structural analysis of the mapped area would be integrated with soil geochemistry, aeromagnetic and ground geophysics data and responses and which will eventually further constrain drill targets and help identify other targets”.
“A successful outcome will allow us geologic confidence to define high-priority targets for the upcoming drill program and our work towards producing a mineral resource recognized by international reporting standards such as the Canadian NI 43-101 or Australian JORC (2012).” Mrs. Naana Asante, Guskin Gold’s CEO, Director and Chairwoman, affirms. “We look forward to continuing to release timely updates to our JV partners, suppliers, government, and shareholders, keeping everyone informed as we develop, improve, and expand operations in Ghana.”
The Kukuom Gold Project Significance
The Kukuom Gold Project is a Joint Venture Partnership with Danampco Company whereby Guskin Gold is the exclusive operator with a seventy (70%) percent interest.
The license area is 156 square kilometers and the Kukuom Gold Project is highly prospective, spatially related to major mines including Newmont’s Ahafo Gold Mine (23Moz) located approximately 30km north of the Kukuom property, and Asante Gold’s Chirano Gold Mine (5Moz) located approximately 45km south-southeast of Kukuom and their Bibiani Gold Mine (7Moz) located approximately 25km southeast.
Francis Lovebridge Agezo, Guskin Gold’s Director of Exploration participated in the exploration, discovery and development Cluff’s Ayanfuri Gold Mine and Red Back’s Chirano Gold Mine in Ghana. Played key role in Redback’s expansion in Ghana before its takeover by the Lundin Group and later Kinross. Notably on April 25th, 2022, Kinross Gold Corp. (KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold (ASE); Asante having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (RSG) in August 2021.
Qualified Person Statement
Guskin Gold’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Francis Lovebridge Agezo, P.Geo, the Company’s Director of Exploration, and a qualified person under the definition of National Instrument 43-101. This news release was written for the Purpose of reporting on the operations pertaining to the Company’s Kukuom Gold Project. The Company accepts no responsibility or liability for any use of this report or any reliance upon this report by any person, other than the use of the whole of this report by the Company consistent with the Purpose. The full report, while unpublished in this press release, must always be considered in its entirety.
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 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, all offer specialised expertise in the business of gold exploration, mining, public markets, and finance. And all are passionately committed to the success of the Company, our partners, and investors. For additional information please visit www.guskingold.com.
Company Contact Information
Mrs. Naana Asante
Chief Executive Officer
Forward-Looking Statements and Disclosure
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the exploration and exploitation of the “Tepa Gold Mine”, and/or “Kukuom” Concession, new mineral and/or gold projects, securing necessary financing, the future of the U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations pertaining to the mining and exploration of mineral properties in Ghana and internationally. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.