NEW: Gold Coast (Pinksheets:GSRS). How'd we miss this?
LAS VEGAS--(BUSINESS WIRE)--April 12, 2005--Gold Coast Resources, Inc. (Pink Sheets:GSRS) Management announced the acquisition of six additional minerals properties in the mineralized and gold belts of Ghana, West Africa.
The acquisition includes: The Ahanta concession in the central
part of the Ashanti Gold Belt covers around 32 sq. km. The Botodwina concession along the eastern margin of the Ashanti Gold Belt covers approximately 83 sq. km. The Edwenase concession, located between the Winnaba Mineralized Belt and the Ashanti Belt. The Jejeti concession covers approximately 108 sq. km. within the Kibi Gold Belt (the eastern-most of the major mineralized belts in Ghana). The Jurugum concession covers approximately 25 sq. km. within the Axim-Prestea-Ashanti Gold Belt. The Yankomase Concession is located along to the west of the Winneba Mineralized Belt. Joseph Kingsley Annan, President and CEO stated, "These properties were selected to enhance the Company's reserve and exploration inventories and to broaden joint venture and funding options."
The Company also controls the Akoon mine located at the north end of the town of Tarkwa, in the Western Region of Ghana. Historically, the Akoon mine has produced approximately 140 tons of gold (over 4.4 million ounces).
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.
More details about the Company and the acquisition properties may be found at: www.goldcoastresources.com.
--30--BRM/se*
CONTACT: Gold Coast Resources, Inc.
Joseph Kingsley Annan, 702-493-5495
reap1@cox.net
KEYWORD: NEVADA INTERNATIONAL AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Gold Coast Resources, Inc.
Copyright Business Wire 2005
