JUNIOR MINING SPECIAL — Mutual options prospects in Ghana

VSE-listed Mutual Resources plans to explore two newly optioned gold concessions in south-central Ghana.

The Oda River and Kent concessions are in the Manso Kwanta gold belt which runs parallel to, and 40 km west of, the shear zone that hosts the Ashanti gold mine.

Since last fall, when London-based Crescent Group became its largest shareholder, Mutual has been active on several projects in Ghana and neighboring Burkina Faso. Its current strategy is to focus on West African countries known to be economically stable and geologically prospective. Oda River and Kent have known gold occurrences and old workings that will be identified and evaluated in geophysical and geochemical surveys. Mutual can earn up to 70% interests in the concessions through cash payments and exploration expenditures. It will also operate the projects, although a local company can participate by way of a joint venture for up to half of Mutual’s interest.

Meanwhile, work is proceeding on Mutual’s Sewum-Tokosea project in Ghana and Comidok project in Burkina Faso.