Guskin Gold Corp (OTCMKTS:GKIN) Stock Continues to Trend Higher: Jumps 37% In a Week
Shares of Guskin Gold Corp (OTCMKTS:GKIN) have been trending higher in the past week with a gain of 37%.
On Tuesday, GKIN stock surged 9.80% to $0.9769 with 20.88k shares, compared to its average volume of 4.4K shares. The stock has moved within a range of $0.7010 – 0.9769 after opening trade at $0.7010.
Announces Joint Venture and Partnership Agreement with Danampco Company Limited
Junior mining company publicly traded in the United States, Guskin Gold Corp (OTCMKTS:GKIN) on February 1, 2022, announced entering into a Joint Venture as well as a Partnership Agreement with Danampco Company Limited for gold as well as other precious metal exploration, besides mining activities in Ghana, West Africa.
DCL has permitted the company exclusive seventy 70% percent ownership interest in Kukuom Shewn Edged Pink Concession, as per the agreement. The concession covers a total surface area of 156 square kilometers located between the cities of Goaso and Bibiani in Ghana.
As consideration for the Partnership, the Company shall provide all financing (“Financing”), to be remitted in accordance with a work program and budget, necessary to begin an exploration of the Kukuom Concession.
Furthermore, the firm shall be issuing DCL five-hundred thousand restricted common shares of common stock, at a per-share valuation of $1.00 per share, where the shares will be issued on some milestones, mentioned in the JV Operating Agreement.
The firm entered into an agreement with African Exploration and Mining Group Ltd earlier, which has been terminated and replaced by an Agreement with DCL.
Guskin Gold Corp is focusing on gold exploration and alluvial mining in Ghana, which is also the seventh-largest gold producing country globally.