SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions (OTCBB:GTSO) mining subsidiary GTSO Resources announced today that its key executive from joint venture partner Diamond V Associates (DVA) will travel to Africa next week to explore promising new mining prospects.
The trip will be led by Kirk W. Bastian, DVA’s CEO and GTSO’s mining operations consultant. Bastian maintains extensive business contacts in the West African nation of Ghana, where DVA currently conducts mining operations. Beginning this week, he’ll evaluate prospects in Ghana for potential acquisition and collect new core samples for testing as well as meet with officials and investors regarding the construction of new infrastructure developments to support operations for an inland port.
“Mr. Bastian remains our man on the ground in Africa and Alaska given his contacts and mining excavation experience,” said GTSO CEO Paul Watson. “He’ll be tasked with expanding current partner operations in Ghana as well as discovering new opportunities in tungsten, lithium, gold, rare earths and other minerals.”
DVA sent its first batch of black sand core samples from Ghana to ALS Minerals for evaluation in the spring. The joint venture is currently conducting due diligence on the economic viability of recovering ore from the sample sites.
The exploration of traditional mining operations in Africa is only one of GTSO’s ongoing mining projects. The company is also working to increase its footprint in the booming urban mining industry and has already engaged in initial talks with potential acquisition and joint venture targets.
GTSO plans to service a fast-growing global appetite for rare and precious metals to 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).
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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