Irish exploration company Glencar has signed a letter with Golden Star Resources for the sale of its Wassa Gold Project in Ghana.
In March of this year, Glencar agreed with its bankers that, due to gold recovery problems at Wassa and the prevailing gold market environment, the Wassa Gold Mine would be offered for sale as a going concern.
Golden Star has indicated that following completion of a feasibility study, it intends to finance the building of a Carbon-in-Leach processing plant on site in place of the heap-leach operation.