Ghana Gold Announces January Production Results
PORT ST. LUCIE, Fla., Feb. 12, 2013 /PRNewswire/ -- Ghana Gold Corporation; (OTCPINK: GGCO) has announced today that the company produced 684 grams during the month of January. Production in January was approximately 12 days, with typical full production month being 20 to 22 days. As previously announced, primary alluvial operations are being relocated to a new target zone which has shown significantly higher sampling results. Therefore, production days were lost scaling down operations and beginning the redeployment of equipment to the new site. Scaled down production will continue at the existing location while the new target zone is brought into full production.
The new targeted area is in the SW corner of the 133 sq km Jukwa Concession where test results have reached 2.5 gpt. The new site is ramping up on schedule and should reach target production levels by the first week in March. Management is confident that it will still attain its forecast of a 20% increase in production for the first quarter of 2013 over the same period last year. This will be achieved with the completion of its move to what is believed to be a much more productive area.
Robert Kirkcaldy, COO states, "We look forward to completing the move and getting all of our equipment working together optimizing our alluvial production. I expect March we'll be able to share production output reports with some great results."
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