Work Programs And Exploration Activities Underway On The Kukuom Gold Property

SANTA CLARA, CA - Guskin Gold Corp reported on the ongoing exploration activities at the Kukuom Gold Project located in the Sefwi-Bibiani Gold Belt, one of the two most prolific gold belts in Ghana, Africa. A ground IP/resistivity and magnetic surveys conducted across the area of the “Open Pit” (Esikaso) Prospect and extending east and west and straddling the favorable contact zones of the metasedimentary package and metavolcanic units that host gold-bearing quartz vein systems was completed in the fourth quarter (Q4), 2022. Detailed geological, structural, and regolith mapping programs are currently being carried out across the area of the “Open Pit” (Esikaso) Prospect and extending east and west of the favorable contact zones of the metasedimentary and metavolcanic units that host gold-quartz vein systems to be completed in the first quarter (Q1), 2023.

The IP/resistivity and magnetic surveys aimed at obtaining more lithological and structural details, have aided in defining potential fault structures that may have played a key role in localizing the precipitation of gold; besides, some of the targets have been refined by identifying sulfidic and/or clay alteration zones.

The survey has delivered on its goals: 1) The surveys yielded high-quality IP/resistivity data, which encountered several areas of highly conductive rock types. 2) The ground magnetics has also enhanced the structural and stratigraphic information, providing the location of mineralized horizons. 3) The survey grid clearly defined the northeast-trending contact of the Birimian volcano-sedimentary units to the northwest and the volcanic units to the southeast; This mapped signature serves as the prime target area where there is high competency contrast associated with a high chargeability response. 4) The IP/resistivity and magnetic surveys have aided in defining potential fault structures that may have played a key role in localizing the precipitation of gold. 5) The high N-S trending chargeability anomalies associated with resistive structures may be indicative of mineralized dilation breaks and silicification; these must be considered as high priority target zones. 6) The sources of these resistive anomalies associated with chargeable anomalies are probably the presence of disseminated sulfides located at the contact or within the resistive geologic units (quartz veins, zones of silicification, felsic intrusives, etc). 7) The ground IP/resistivity and magnetic surveys data can be used for drill target optimization. 8) The need to extend the surveyed grid to the north and south to fully investigate the strike extents of the deviated anomalies have been confirmed.

The detailed surface geological, regolith, and structural mapping program, alongside a rock chip sampling program, which is near completion, has set the stage for the planned first pass RC drilling at the “Open Pit” (Esikaso) Prospect and the favorable contact zone areas: 1) These detailed mapping programs have further constrained the rock units in the mapped area, generated a reliable regolith interpretation of the mapped area, and further enhanced the litho-structural understanding of the contact zone area. 2) A comprehensive detailed geological and structural analysis of the mapped area would be integrated with the ground geophysics data and responses to constrain drill targets further and identify other targets. 3) The detailed mapping continues to define additional targets, which will be prioritized for further assessment.

In 2023, Guskin’s exploration will focus on early-stage target definition programs at “Open Pit” (Esikaso) Prospect, the lithological contact zones, and the remarkably high magnetic anomalies. Exploration continues and is directed at identifying, delineating, and assessing targets in the contact zone areas and the distinctly high magnetic signatures, which could be indicative of shear zones and are the primary targets to host gold-quartz vein systems. The planned exploration work will include the following: Modest, first pass RC drill program to be initiated in late March or early April, 2023; Initial RC drilling will target the “Open Pit” (Esikaso) Prospect, including Strike extensions of the “Open Pit” (Esikaso) uncovered and further defined by the ground IP/resistivity and magnetic surveys data, will be drill-tested during this initial phase; Soil geochemical grids or deep sampling auger geochemistry grids over Targets 2 & 3 to confirm the extent of these two remarkably high magnetic anomalies; and Deep auger sampling, up to a depth of 6m to constraint bedrock mineralization at other early-stage prospects.

Francis Lovebridge Agezo, Director of Exploration, said, “We continue to be active on these fronts; We are thrilled to be readying ourselves for a first pass RC drilling program, targeting the gold-quartz vein systems, first encountered during an earlier sampling campaign in the “Open Pit” (Esikaso) Prospect; targeting and testing the lateral and down-dip extents of these mineralized systems is a priority and is part of the Company’s ambition to identify and characterize zones of gold-bearing vein systems and other styles of bedrock gold mineralization on the same scale and magnitude as the significant gold deposits within the Sefwi-Bibiani Gold Belt.”