Guskin Gold has announced that its Joint Venture (JV) partner to the Kukuom Gold Project, Danampco Company Ltd. has been awarded a Mining Exploration Operating Permit from the Minerals Commission to commence exploration activities of the Kukuom Gold Project in Ghana.
Focused on gold exploration and alluvial mining in Ghana, the proposed exploration program is designed to assess subsurface gold mineralization on the Kukuom concession, with the goal to locate and develop an economic gold resource and undertake mining of that resource.
In connection with this goal, the exploration of the Kukuom Project aims at identifying and characterizing zones of gold-bearing veins of suitable size to allow for their mining, and it is envisioned that several or numerous zones may be identified that will provide sufficient material for mining operations for many years.
“Subject to funding and the upcoming work programs, the Company plans to develop Kukuom as a custom milling and direct shipping operation as it is in close proximity to major mining operations with an appreciable milling infrastructure.
“Targets already exist from previous exploration work undertaken. These targets will be tested for extent and continuity beyond where they are currently known, and other targets are likely to be identified during the course of exploration.”
Naana Asante, President and CEO, Guskin Gold
Promising Results from High Priority Targets
In the first quarter of 2022, the Company reported six (6) high-priority targets, the most promising of a 2,000-meter-long geophysical anomaly directly overlain and correlating to the previously announced high-grade samples which tested up to 46.6 g/t gold.
The Kukuom Gold Property operating permit is based on the application filed in February 2022. The purpose of the exploration program is aimed at target confirmation and delineation through detailed field mapping, ground geophysics, and a 17-hole drill program.
The Company aims to drill-test the gold subsurface mineralization with surface footprints of rock-chip samples, which are coincident with a high magnetic anomaly– the Kukuom Vein 54 and Vein 55 prospects; whereby the drilling is required to assess the presence of gold beneath the surface.
The drilling program includes 1,400 metres across 17 RC holes, aims to probe the vertical or down-dip extents and grades of mineralized structures or zones revealed by anomalous rock chips samples on the surface in these main prospects.
A successful outcome may require subsequent phases to increase the detail of information and the geologic confidence sufficiently to define a mineral resource that can be developed to Canadian NI 43-101 and/or Australian JORC (2012) reporting standards, the company stated in a press release.
Subject to completion of this, the Company may develop a schedule and life of a mine plan to support an application for a Mining Operating Permit.
The Kukuom Gold Project located in the Asunafo South District, Ahafo region is a Joint Venture Partnership with Danampco Company whereby Guskin Gold has an exclusive seventy (70%) percent ownership 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 (23 million ounces) located approximately 30km north of the Kukuom property, and Asante Gold’s Chirano Gold Mine (5 million ounces) located approximately 45km south-southeast of Kukuom and their Bibiani Gold Mine (7 million ounces) located approximately 25km southeast.
Guskin Gold’s Director of Exploration, Francis Lovebridge Agezo, who was recently appointed is credited as a contributor to the discovery and development of the Chirano Mine deposits.
Notably on April 25, 2022, Kinross Gold Corp. (KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold (ASE); Asante Gold, having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining.
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