Gold from the African Sea
May 1, 2018 17:26:01 GMT 12
Post by RKC on May 1, 2018 17:26:01 GMT 12
G'day,
Gold from the African Sea
On March 20, Hansa announced that it had entered into a Mineral Property Option Agreement with Poseidon Offshore Minerals Inc. Poseidon is a private company that Watts, Griffis and McOuat is behind in Toronto, Canada, with operations in Ghana, West Africa. Poseidon has applied for an offshore mineral reconnaissance license to explore for gold, diamonds, heavy minerals and aggregate in an area of 20,000 square kilometers on the continental shelf of Ghana. Poseidon granted to Hansa an exclusive option to acquire 60% of Poseidon’s direct and indirect interest in and to the license, which would represent a 54% interest in the license taking into account the interests of the government of Ghana. To earn the interest, Hansa will be required to fund work programs totaling US$4 million over the 36-month period following the effective date, of which US$100,000 has been paid.
The location of this license is what makes it so special. It is the only location in the world where three gold-bearing river systems enter the ocean in close proximity and on a shallow shelf.As a result, an enormous amount of alluvial gold has been transported into the offshore area. Ghana has been the #2 gold producer in Africa for the past several decades, and in recent years has been in the top 10 world producers. For many centuries, it was known as the “Gold Coast.” Government is mining-friendly and the industry is on the rise with government efforts to improve the business environment.
www.streetwisereports.com/article/2018/04/29/gold-from-the-african-sea.html
Regards,
Rob (RKC)
Gold from the African Sea
On March 20, Hansa announced that it had entered into a Mineral Property Option Agreement with Poseidon Offshore Minerals Inc. Poseidon is a private company that Watts, Griffis and McOuat is behind in Toronto, Canada, with operations in Ghana, West Africa. Poseidon has applied for an offshore mineral reconnaissance license to explore for gold, diamonds, heavy minerals and aggregate in an area of 20,000 square kilometers on the continental shelf of Ghana. Poseidon granted to Hansa an exclusive option to acquire 60% of Poseidon’s direct and indirect interest in and to the license, which would represent a 54% interest in the license taking into account the interests of the government of Ghana. To earn the interest, Hansa will be required to fund work programs totaling US$4 million over the 36-month period following the effective date, of which US$100,000 has been paid.
The location of this license is what makes it so special. It is the only location in the world where three gold-bearing river systems enter the ocean in close proximity and on a shallow shelf.As a result, an enormous amount of alluvial gold has been transported into the offshore area. Ghana has been the #2 gold producer in Africa for the past several decades, and in recent years has been in the top 10 world producers. For many centuries, it was known as the “Gold Coast.” Government is mining-friendly and the industry is on the rise with government efforts to improve the business environment.
www.streetwisereports.com/article/2018/04/29/gold-from-the-african-sea.html
Regards,
Rob (RKC)