Guskin Gold Corp. has entered into a Joint Venture and Partnership Agreement with Danampco Company Limited (DCL) for gold and other precious metal exploration and mining activities in Ghana.
Danampco has granted Guskin 70% ownership interest in the Kukuom Shewn Edged Pink Concession (the “Kukuom Concession”). The Kukuom Concession covers a total surface area of one-hundred fifty-six (156) square kilometers and is located between the cities of Goaso and Bibiani in the Ahafo District of Ghana.
This joint venture has replaced the previous agreement between Danampco Company with African Exploration and Mining Group Ltd. relating to a one square kilometer claim within the Kukuom Concession.
The Agreement with DCL provides the Company access to the entire property parcel and also increases the Company’s aggregate ownership percentage. As consideration for the Partnership, the Company shall provide all financing to be remitted in accordance with a work program and budget, necessary to begin exploration of the Kukuom Concession.
Additionally, the Company shall issue DCL 500,000 restricted common shares of the Company’s common stock, at a per share valuation of $1.00 per share, where such shares shall be issued based on certain milestones, which are set forth in the JV Operating Agreement.
About Guskin Gold Corp.
Guskin Gold Corp. (OTCQB:GKIN) is a junior mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and alluvial mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world.