PORT ST. LUCIE, Fla., April 30, 2013 /PRNewswire/ -- Ghana Gold Corp. (OTCMarkets: GGCO) released its March production results from its Ghana alluvial production.
According to the company, the new site within the Jukwa concession produced 1,847 grams of Gold this March compared to 1,394 last March, providing an increase of 32% from the same period.
The new site took longer than expected to enter into full production due to various logistical issues, but the company was able to have 25 days of production in March and expects to continue to produce at this pace for the next several months. The alluvial testing on the new site was also very positive whereby multiple samplings were approaching the 2 grams per ton.
Ghana Gold will continue its alluvial production, while undergoing exploration of its hard rock reserves to eventually convert the operation to a full scale mining operations. In addition, the expertise obtained in operating within Ghana in both the alluvial and hard rock gold mining has provided the company with the opportunity to work with the World Sport Alliance Intergovernmental Organization. It is the company's plan to not only expand its projects in Ghana, but to the Central African Republic and other African countries.
"We are very pleased with our recent production results and we expect that the new site will continue to increase our yield" said Elaine Affleck, Chief Executive Officer of Ghana Gold Corp. "Our Ghana operation will continue to add value for our shareholder as we start acquiring new properties in Ghana, Central African Republic and other African countries. Along with the addition of experienced and technical management," further added Ms. Affleck.
About Ghana Gold Corp.
Ghana Gold Corp. is a gold exploration and alluvial gold production company with properties in the Republic of Ghana. Ghana Gold Corp. seeks to expand operations to other neighboring African countries, which have a great gold mining opportunities.
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 Corp.