GTSO JV buys large mining concession in Ghana

Green Technology Solutions mining subsidiary GTSO Resources announce that its joint venture partner, Diamond V Associates (DVA), has acquired a sizeable mining concession through its operating entity in western Ghana that could soon prove lucrative for both companies.

The license acquired by DVA covers approximately 29 sq. km in an area that has been mined extensively by major corporations including Newmont Mining Corp. (NYSE: NEM) and other giants.

“This is a very promising piece of land in Ghana, and we’re excited about the potential value of the minerals it contains,” said GTSO CEO Paul Watson. “We plan to assist DVA with a proposed work program that calls for diligent reconnaissance activities to obtain the necessary geological, geochemical and geophysical data to proceed with the potential discovery of gold and other valuable minerals on the concession. It’s possible that DVA and its partners have just struck the mother lode with this acquisition.”

The concession was the result of an exploratory trip to Ghana led by Kirk W. Bastian, DVA’s CEO and GTSO’s mining operations consultant. DVA’s next step will be to collect new core samples on the site for testing.

An emerging mining company, GTSO continues to explore high-potential traditional mining opportunities in Africa, Chile and North America as the price of precious and manufacturing metals skyrockets across the globe. GTSO is also pursuing early-stage urban mining operations in North and South America.

GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes FMC Corp. , North American Tungsten Corp. Ltd., Newmont Mining Corp., and Rio Tinto.