Guskin Gold Corp has announced a joint venture partnership agreement with Africa Exploration & Minerals Group Limited (AEMG) for gold and other precious metal exploration and mining activities in Ghana, West Africa.
Mrs. Naana Asante, Guskin Gold’s CEO said that the partnership will see the company earn 50% ownership in the operations of the Kukuom Shewn Edged Pink Concession Ghana gold project. AEMG has granted the Company an initial option to acquire a 50% ownership interest in a project which is approximately 1 square km, or 247 acres, of land of located in the and the exclusive option to acquire an additional 50% operational ownership interest in the entire Kukuom Shewn Edged Pink Concession.
The entire Kukuom Concession covers a total surface area of 156 square kilometers and is located between the cities of Goaso and Bibiani in the Ahafo District of Ghana. AEMG is the licensed operator on the Kukuom Shewn Edged Pink Concession pursuant to the agreement dated April 30, 2020 with the Government of the Republic of Ghana and the Ghana Ministry of Lands & Natural Resources (MLNR).
Development of mining operations
Guskin Gold Corp and AEMG intend to move forward immediately with operations including the continued exploration of the property and the further development of mining operations and gold production from alluvial and hard rock deposits on the Concession.
“We have worked diligently with AEMG to get to this point, and we are very excited to officially announce the formation of the joint venture and the commencement of this project in Ghana, my childhood country. We are confident that this project and our partnership with AEMG will prove to be a momentous step for Guskin in implementing our operational and business objectives,” said Mrs. Naana Asante, Guskin Gold’s CEO.
Guskin Gold will fund the exploitation of the Concession within the much larger Kukuom Shewn Edged Pink Concession and will also facilitate the transfer of two million restricted common shares of the Company to AEMG in tranches and in accordance with the achievement of certain operational milestones.
