Guskin Gold Corp. Mobilizes Mining Equipment and Work Crews to Tepa Gold Mine, Ashanti Region, Ghana

Highlights

• The Tepa Gold Mine is located in the prolific Sefwi-Bibiani Gold Belt
• All mining equipment and machinery are on site being serviced for upcoming operations
• Work crews are preparing site for open pit operations

SAN JOSE, CA / ACCESSWIRE / June 27, 2022 / Guskin Gold Corp. (OTCQB:GKIN) ("Guskin Gold" or the "Company"), operators of the Tepa Gold Mine located along the eastern-edge of the highly renowned Sefwi-Bibiani Gold Belt, are pleased to announce delivery of all mining and heavy equipment to the property.

As previously announced on February 8, 2022, the Company entered into a Joint Venture and Partnership Agreement with Ensuro Group of Companies Limited ("EGCL") for the exploration, development, exploitation, commercial production, and operations of the Tepa gold project. Per the Joint Venture Agreement EGCL granted Guskin Gold Ghana an exclusive seventy percent (70%) ownership interest in the Tepa 50-acre property for the purpose of commercially producing alluvial gold.

The Company completed an economic feasibility study in February 2022 and concluded Tepa provided a profitable alluvial mining operation. The geologic nature of the Tepa deposit includes both alluvial and eluvial gold deposits. The gold is of fine to medium grain with few flowery and floating types. The distribution of the gold is found in the overlying silty sand as well as the underlying gravel horizons. The overlying silty sands are all part of the payload to be washed and can be processed for gold.

Foto: Accesswire

Figure 1 Mrs. Naana Asante, CEO, Guskin Gold

The mining equipment includes two high-efficiency Sany excavators, two wash plants, shaker and gravity table, generators, water pumps, piping, and all necessary gear to begin production and processing.

Personnel, currently numbering thirty-two (32), and under the leadership of Mr. Peter Tomety, Guskin Gold's Mine Manager, includes a cross-disciplinary team of heavy equipment operators, geologists, field crews, security teams, and support members including community relations, and health and safety.

Construction of housing, offices, and support buildings is also nearing completion.

Mr. Tomety, states "We are pleased to report all equipment and personnel have arrived safely on site. We are assembling and performing routine maintenance on all machinery and reviewing mine safety and operation protocols and procedures with our team - many of whom are local miners we are pleased to welcome to the Guskin family. I am excited to launch operations and create a highly productive, efficient, and safe working environment."

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