SAN JOSE, Calif.--([ BUSINESS WIRE ])--Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources announced today that its joint venture partner [ Diamond V Associates (DVA) ] has purchased over $780,000 for wash plant equipment to be shipped to Africa to aid in mineral excavation from its mining concession in West Ghana.
"Weare very excited our joint venture partner is moving forward with what we believe could be the first of many lucrative operations in Ghana"
The equipment is manufactured by [ Madden Steel Inc. (MSI) ], a Colorado-based leader in mining product industry. GTSO views the purchase of this necessary equipment as a major step toward developing profitable mining operations, first in Ghana and then elsewhere in the world.
aWeare very excited our joint venture partner is moving forward with what we believe could be the first of many lucrative operations in Ghana,a said GTSO CEO Paul Watson. aThis purchase of equipment by our partner DVA represents huge step forward in the establishment of mining operations in the country while Kirk Bastian continues to collect samples from other concessions for additional rare and precious minerals.a
Last month, DVA and its partner the Africa Support Network (ASN) acquired a large mining concession in Western Ghana within a region that has been mined extensively by major corporations including Newmont Mining Corp. (NYSE: [ NEM ]). GTSOas partnership with DVA provides support for its CEO, Kirk Bastian, to pursue additional traditional and urban mining prospects in West Africa and elsewhere.
GTSO announced yesterday that DVA is currently interviewing qualified geologists to manage the excavation of gold, tungsten and other precious minerals in West Ghana. The joint venture is awaiting the results of analysis on core samples from DVAas Ghanaian concession to determine the economic potential of excavation there.
GTSO plans to help fund operations in Ghana as part of its initiative to service a fast-growing global appetite for rare and precious metals and compete in an exciting sector that includes FMC Corp. (NYSE:FMC),North American Tungsten Corp. Ltd. (TSXV:NTC.V), Newmont Mining Corp.(NYSE:NEM), and Rio Tinto (NYSE:RIO).
AboutGreen 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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