Chery
Minerals, LLC, the company with which Green
Technology Solutions, Inc. (OTCBB:GTSO) is negotiating a strategic
partnership, announced this week that it has identified a collection of
core gold assets in West Africa.
Currently, Chery Minerals is taking steps to secure safe logistics
routes to transport the gold assets to a refining center where a sample
of the greater assets can be processed. The company plans to use Bruker
AXS handheld XRF analyzers to test the gold at its point of origin
before it is shipped for processing.
"We're very pleased with Chery Minerals' progress in West Africa, and we
look forward to the results of the sample processing," said GTSO CEO
Paul Watson. "GTSO remains committed to completing a definitive
agreement with Chery in time to share in any profits yielded from this
exciting project."
As gold prices remain strong in the face of the global recession, it has
rarely—if ever—been more profitable to mine and develop gold resources
than it is today. Demand for the yellow metal is growing around the
world, with East Asia, Central Asia and the Middle East accounting for
approximately 70 percent of world demand. India, China, the U.S., Turkey
and Saudi Arabia represented over half of world demand. A different set
of socio-economic and cultural incentives drives each market, creating a
diverse range of factors influencing demand that have proven resilient
to recent economic turmoil.
"After a historic year in 2011, gold is poised to enjoy a tremendous
2012," Watson said. "GTSO is working to capitalize on this market trend
by involving itself in development efforts on three continents. Once our
strategic partnership with Chery Minerals is finalized, we'll continue
to pursue new claims and opportunities in North and South America, as
well."
GTSO plans to service a fast-growing global appetite for rare and
precious metals to compete in an exciting sector that includes Kinross
Gold Corp. (NYSE: KGC), Newmont Mining Corp. (NYSE: NEM), SPDR Gold
Shares (NYSEArca: GLD) and Yamana Gold Inc. (NYSE: AUY).
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. 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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