Guskin Gold (OTCQB:GKIN) Announces Mineral Exploration Operating Permit Issued for Kukuom Gold Project, Ghana

SAN JOSE, CA / ACCESSWIRE / May 18, 2022 / Guskin Gold Corp (OTCQB:GKIN) ("Guskin Gold" or the "Company") is pleased to announce that Danampco Company Ltd. ("Danampco ") has reported to the Company that it has received a Mining Exploration Operating Permit from the Inspectorate Division of the Minerals Commission of Ghana that allows for the commencement of exploration activities of the Kukuom Gold Project.

The Kukuom Gold Project is located in Asunafo South District, Ahafo Region, and is a Joint Venture Partnership with Danampco Company whereby Guskin Gold has an exclusive seventy (70%) percent ownership interest (see Company press release dated February 1st, 2021).

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 (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.

Guskin Gold's Director of Exploration, Francis Lovebridge Agezo, is credited as a contributor to the discovery and development of the Chirano Mine deposits. Notably on April 25^th, 2022, Kinross Gold Corp. (KGC) announced the sale of the Chirano Gold Mine for $225 Million to Canadian Asante Gold (ASE); Asante having previously acquired the Bibiani Gold Mine for $90 Million from Australian Resolute Mining (RSG) in August 2021.

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.

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. As previously reported on March 7th, 2022 by the Company reported six (6) high-priority targets, the most promising, 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.

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