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Gold/Mining/Energy : GHANA - Mining companies in this country

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To: Gabe Heti who wrote (34)3/22/1997 12:43:00 PM
From: Ray Fidler   of 48
 
Mike: That's a tall order to tell you about Ghana. Long time ago, Ghana supplied most of the world's gold. I believe the mining industry in Ghana slipped a bit in this century, and is now picking up again. Perhaps Ghana will soon become one of the very best countries for production of minerals again. It is certainly a stable country and has a stable economy - probably one of the best in Africa. I am planning on a trip to Ghana some time after April 30th - I'm now in the midst of preparing income tax returns. When I return from that country I will tell you my experiences and thoughts about that country.

As for Fairstar Explorations Inc., the company has 2 concessions in Ghana:
(1) Benso - 150 sq. km. on the southeastern side of the Ashanti Gold Belt. There are 3 highly prospective gold prospects (Amantin, Subriso, Chichiwelli) within the concessions boundaries.
(2) Abuakwa - 215 sq. km. on the northeastern extension of the Asankrangwa Gold Belt. This belt is known to host the Nkran Hill, the Edubia, the Manso Nkwanta and the Bilpraw gold deposits.

The name of Fairstar's subsidiary company in Ghana is Fairstar Ghana Inc.

The two companies, Golden Rule and Hixon Gold, are stirring interest in Ghana. This is only Chapter 1 of the mining excitement in Ghana. Hop on the train for an interesting ride through Ghana's mining country. There's more to come. New mining companies will be appearing on the scene soon; so, keep an eye on this thread for more exciting chapters from Ghana.

Ray Fidler
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