GTSO Continues to Target New Regions Rich with Mining Resources
SAN JOSE, Calif.--(BUSINESS WIRE)--With the price of gold at a two-week high, Green Technology Solutions, Inc. (OTCBB: GTSO) continues to target new early-stage mining locations and prospects in underdeveloped regions of South America and Africa. Currently, the company is evaluating potential mining acquisitions and partnerships in the nation of Guyana.
“We’re investigating the possibility of forming a strategic partnership with this developer or acquiring it outright. GTSO is very interested in South American gold prospects, and we’ll continue to seek out promising deals in the region.”
.GTSO CEO Paul Watson said today that the company has initiated talks with a gold developer that owns the rights to a potentially lucrative claim in Western Guyana. Laboratory analysis has confirmed the presence of gold mineralization in four separate zones within the claim’s study area. The next stage of testing will involve core testing for the quality of gold and other metals.
“Based on our own analysis, we believe this site in Guyana could potentially become a very lucrative mining operation,” Watson said. “We’re investigating the possibility of forming a strategic partnership with this developer or acquiring it outright. GTSO is very interested in South American gold prospects, and we’ll continue to seek out promising deals in the region.”
Gold accounts for nearly half of Guyana’s gross exports, totaling about $218 million in the first quarter of 2011. With demand for gold rising significantly around globe, new gold development in Guyana and elsewhere in South America is becoming an increasingly enticing prospect for GTSO.
The company’s efforts are not limited to South America, however. GTSO holds an option to explore a potential acquisition or strategic partnership with the mineral development company Chery Minerals, LLC. Currently, Chery Minerals is working to develop new gold resources in the African nations of Mali, Burkina Faso and Ghana.
GTSO is also investigating prospects across the state of Alaska for possible acquisition targets containing potentially valuable mineral assets. While its focus remains on gold prospects, Watson said that the company is open to developing other precious metals and rare earth resources in the Last Frontier, as well.
GTSO plans to service a fast-growing global appetite for rare and precious metals to compete in an exciting sector that includes Goldcorp Inc. (NYSE:GG), Newmont Mining Corp. (NYSE:NEM), SPDR Gold Shares (NYSEArca:GLD) and Barrick Gold Corp. (NYSE:ABX).
To track gold’s meteoric rise and learn more about GTSO’s resource development initiative, please visit www.gtsogold.com/investors.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOgold.com] is a growth-oriented company exploring precious metals production around the world. In addition to gold, GTSO pursues the acquisition of rare earths and emerging clean technology innovations. To learn more, please visit our website at www.GTSOgold.com/investors.
Follow us on Twitter at http://twitter.com/gtsogold.
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Posted: December 3, 2011