GTSO's Partner DVA Moves Ghana Operations Forward
SAN JOSE, Calif.--(BUSINESS WIRE)-- Green Technology Solutions' (OTCBB:GTSO) mining subsidiary, GTSO Resources, announced today 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.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes FMC Corp. (NYS: FMC) , North American Tungsten Corp. Ltd. (TSXV: NTC.V), Newmont Mining Corp. (NYS: NEM) , and Rio Tinto (NYS: RIO) .
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOresources.com] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit our website at www.GTSOresources.com/investors.html.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
KEYWORDS: United States North America California Ghana Africa
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