Guskin Gold Corp (OTCMKTS: GKIN) has been making a strong move northbound in recent trading ever since the Company updated shareholders on current prospects. the Company is focused on gold mining in Ghana and recently signed a JV with Danampco Company Ltd granting the Company an exclusive 70% percent ownership interest in the Kukuom Shewn Edged Pink Concession. The license area is 156 square kilometres 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. 

Recently the Neighboring Gold Mines Chirano was sold by Kinross Gold Corp. (NYSE: KGC) for $225 Million to Canadian Asante Gold Corp. (CSE: ASE); Asante Gold having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (ASX, LON: RSG) in August 2021. The geology and gold mineralization in the Chirano mine area has always looked very promising. The Chirano deposits occur along the section of the Chirano Shear which marks the contact zone of the Tarkwaian clastics and the Birimian metavolcanic units. The gold mineralization is closely associated with quartz stockwork systems hosted mainly in granitoids.  

Guskin Gold Corp (OTCMKTS: 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 specialized 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.  

The Company’s new CEO Ms. Asante, has travelled to Ghana four times over the past 18 months, for the purpose of meeting with geologist, attorneys, and other qualified individuals in furtherance of identifying potential acquisition properties in Ghana and the subsequent exploration of these projects, if any, and the further development of these projects with the potential goal of attaining production of gold in Ghana. Ghana is a well-known mining jurisdiction with a long history of gold production and a highly trained workforce. The mining tenure, royalty and tax laws are stable and well legislated. While the Company’s current focus is in Ghana, it is actively seeking out opportunities throughout the continent of Africa. 

Ealier this year, Guskin Gold Corp., and Danampco Company Ltd., entered into a Joint Venture & Partnership Agreement. Per the Agreement DCL granted the Company an exclusive 70% percent ownership interest in that certain project, located in the Country of Ghana in which DCL has an interest known as the Kukuom Shewn Edged Pink 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. 

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The licence area is 156 square kilometres 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. 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. The purpose is to identify and characterize 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. 

Recent Acquisitions of Neighboring Gold Mines Chirano and Bibiani. Notably on April 25, 2022, Kinross Gold Corp. (NYSE: KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold Corp. (CSE: ASE); Asante Gold having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (ASX, LON: RSG) in August 2021. 

The geology and gold mineralization in the Chirano mine area has always looked very promising. The Chirano deposits occur along the section of the Chirano Shear which marks the contact zone of the Tarkwaian clastics and the Birimian metavolcanic units. The gold mineralization is closely associated with quartz stockwork systems hosted mainly in granitoids. High-grade mineralization occurs in sheared metavolcanic units near the Chirano Shear zone, as to the main granitoid-hosted deposits along the Tarkwaian clastic/Birimian metavolcanic contact zone. The Chirano deposits form excellent examples of the Birimian lode systems related to major regional shear system. 

As the second most relevant gold-bearing belt in Ghana, the Sefwi Belt hosts over 30 million ounces of gold. The Bibiani mine was the only producing mine along the eastern margin of the Swefi Belt. Although this major gold prospective shear zone also hosts the other deposits, it was significant when the Chirano mine came on the scene in 2004. 

Guskin Gold’s Kukuom Project area geologically lies in the middle of the Sefwi Belt; it is situated 45-48km north-northeast of Chirano and lies 20km southwest of a string of gold occurrences along the 9km belt-bounding trend (Manfo trend). With multiple structures thought to be associated with a regional north to north-northeast trending fault corridor/zone, this structure does not appear to be a direct extension of the main Chirano-Bibiani mineralized corridor/structure. These mark the Belt-Basin margin in the Chirano and Bibiani areas and it may well be a subparallel feature, that splays off the main Chirano-Bibiani structure/fault system and runs N-NNE just north of Bibiani for several kilometres across the Manfo area where it marks the regional granitoid-volcano-sedimentary package in the belt interior. 

Guskin intends to roll out aggressive exploration programs using multidisciplinary exploration tools, much like what was undertook at the Chirano and Bibiani deposits. In 2021, efforts were focused on the Kukuom project and directed at expanding their understanding of the lithological and structural details in the prospect and the utilization of this information to study and determine these details on gold mineralization on a prospect-scale. 

We believe these exploration efforts will make Kukuom a high-quality gold project worth evaluating, and hopefully an attractive partner to major producers like Asante Gold or Newmont. Kukuom may help Asante Gold build a strategic district position in view of its close proximity to Chirano and Bibiani and its brownfield prospect 

Guskin Gold Corp. (OTCQB:GKIN) Updates Shareholders on Outlook of Kukuom Gold Property – Junior Mining Network $GKIN https://t.co/2a4dzzG4nr

— JrMiningNetwork (@JrMiningNetwork) June 24, 2022

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Currently trading at a $108 million market valuation Guskin Gold has 47,994,825 shares outstanding, 37,243,792 restricted shares and a float of just 8,012,971. The Company does have a $6.8 million derivate liability on the books. But GKIN is an exciting story developing in small caps; via the recent JV with Danampco, the Company has a 70% stake in the Kukuom Shewn Edged Pink Concession. The licence area is 156 square kilometres 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. The geology and gold mineralization in the Chirano mine area has always looked very promising. The Chirano deposits occur along the section of the Chirano Shear which marks the contact zone of the Tarkwaian clastics and the Birimian metavolcanic units. The gold mineralization is closely associated with quartz stockwork systems hosted mainly in granitoids. The Neighboring Gold Mines Chirano was sold by Kinross Gold Corp. (NYSE: KGC) for $225 Million to Canadian Asante Gold Corp. (CSE: ASE); Asante Gold having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (ASX, LON: RSG) in August 2021. Do You Want Stocks That Could Go Up 348% In Days Delivered To Your Inbox For FREE? Subscribe to Microcapdaily Right Now.

Disclosure: we hold no position in GKIN either long or short and we have not been compensated for this article.

The post Guskin Gold Corp (OTCMKTS: GKIN) Breaking Out Northbound as Gold Miner’s 70% Stake in Kukuom Gains Traction first appeared on Micro Cap Daily.

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