PORT ST. LUCIE, Fla., Jan. 23, 2013 /PRNewswire/ -- Ghana Gold
Corporation; OTC (PINK SHEETS: GGCO) is pleased to announce plans
to expand operations at the Jukwa concession based upon findings of
the Company's Principal Geologist Kwabena Ata Mensah.
Based upon review of earlier geo-technical reports, fire assay
testing completed by ALS Chemex Laboratories as well as more recent
sampling, Mr. Mensah reports the following finding to the
Company. The regional geology is underlain by Birimian
metasediments within the Asrankagua Belt. Porphyry and
granite intrusive have been noted to be host of significant gold
mineralization similar to the Golden Star 200,000 + oz @ 3.3
gpt Pampe mine directly to the southwest. This permit also
lies within "Ghana's Golden Triangle that has produced 168 million
oz of gold. Earlier work confirms both alluvial and lode gold
mineralization. A major southwest trending zone in the
central parts of the concession have shown a persistent 10ppb Au
anomalous zone with further testing indicating a potential of
220,850 oz at up to 2.5gpt over a composite area and will be
designated as the second target area for alluvial mining. An
additional alluvial zone in the southwestern corner that drains the
gold bearing ridges in the central parts of the permit and would be
our major alluvial target.
The Company's current operations in the southern target zone
have been producing just under 1gpt from composite area. Based upon
these findings Management intends to expand operations to the
second alluvial target zone and initiate hard rock drilling testing
in two host locations in the southern portion of the permitted
area. This geology and findings are similar to adjacent gold
deposits of PMI (4.0 million oz) and even more importantly Keegan
Resources Ltd (4.9 million oz).
Robert Kirkcaldy, COO states "Mr.
Mensah's local knowledge and experience in Ghana have been extremely valuable as
Management makes plan for 2013. As previously stated the
Jukwa concession is massive and will afford many opportunities to
the Company well into the future. It is important to
understand this is the just the beginning as we discover the true
potential of these reserves."
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