DVA moves Ghana mining operations forward

Source：Green Technology Solutions Release Date：2012-10-25 403

Metalworking

Green Technology Solutions’ mining subsidiary, GTSO Resources, announced that its joint venture partners at Diamond V Associates (DVA) are on their way back to Ghana to further develop the partnership’s mining business there

DVA CEO and GTSO mining consultant Kirk Bastian will lead the trip.

“The focus of this trip to Ghana will be building on our joint venture’s existing traditional mining plans in the region as well as prepping new operations,” said GTSO CEO Paul Watson. “Mr. Bastian and his DVA colleagues will be supported by local partners and also a newly identified geologist tasked to support the exploration of gold, tungsten and other precious minerals in Western Ghana.”

Over the summer, DVA and its African partners began actively pursuing mining concession in Western Ghana, in a region that has been mined extensively by major corporations including Newmont Mining Corp. (NEM) and others. These partnerships continue to move forward as the joint venture prepares to begin both traditional and urban mining operations in the region.

“We’ve got the critical mass to move forward with our plans in Ghana at last,” Watson said. “Our focus there will be identifying operating entities capable of managing concession targets, building out financial projections and budgeting the start-up process so that shovels can hit the dirt as soon as possible.”

Ghana is a major area of focus for the joint venture due to DVA’s strong ties to the African Support Network (ASN). In addition to high-potential traditional mining targets there, GTSO is also exploring urban mining opportunities as the price of precious and manufacturing metals skyrockets across the globe.