gkin_101.htm

EXHIBIT 10.1
   
   
  	 
	  
	 



 
  
 H/N 1105 – 1079, Afienya - Mataheko, PO BOX CO DTD 4047, Tema, Tel: +233 244 785294
 Email: fakosah@yahoo.co.uk,
 Mineral Exploration Services
   
 This agreement between Terranet Limited (TL) and Guskin Gold Limited (GGL) describes the details of Induced polarization (IP) and Ground magnetic (GMAG) surveys, equipment and personnel to be provided by TL and payment to be made to TL by GGL in respect thereof.
  
 Client’s Responsibilities
  
 The client will provide board, accommodation and field supplies, (AA GPS and communication batteries) for the crew of 5 and fuel for the IP genset and trucks while on site prior to and during the survey.
   
 The client will also provide 18 local helpers (15 for the IP and 3 for GMAG) as required and also ensure access required for the geophysical crew to undertake its work on the property.
   
 Survey lines will be well cut, cleared, chained, pegged and numbered at 25m stations by GGL and will be at least 5 km of Line ahead of the IP survey. Crossover lines between lines end will be cut out. All stations will be included in a xyz file with line local co-ordinates, UTM co-ordinates, (WGS 84, UTM 30 N),
  
 Contractor’s Responsibilities
  
 The contractor will provide Two Geophysicists, One Transmitter Operator, Two Field Technicians for the survey
   
 The contractor will also provide equipment in a good working condition, perform and execute all the work and services required in a professional manner
   
 These will include :
  
  	  
	 i.
	 Two Instrumentation GDD IP transmitters

	  
	 ii.
	 One IRIS instruments Elrec Pro receiver

	  
	 iii.
	 One Honda 7.0 Kw EFI petrol generator

	  
	 iv.
	 Portable field radios for communication

	  
	 v.
	 2-Hand held GPS units.

	  
	 vi.
	 Reels, wire and stainless steel rods

	  
	 vii.
	 Two 4x4 pick-ups

	  
	 viii.
	 Three Gem Systems GSM - 19 Magnetometers



 
   
  	 
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 Field Work
  
 Induced Polarisation (IP)
  
 Terranet Limited would conduct IP and GMAG surveys covering an area of 1.6 sq. kms, and 16.8 line kms, employing the pole dipole array with a dipole spacing of 25m and 8 dipoles. Readings would be recorded at 25m intervals.
 A minimum of One km is planned to be surveyed daily when conditions are ripe, normal and favourable, including weather, topography etc.
  
 Data processing
  
 Survey data would be dumped daily at the end of the survey and initial preliminary data processing procedures will be conducted, including data quality checks.
  
 Ground Magnetic Survey
  
  	 1.
	 Specifications

	  
	  



 
  	  
	 ·
	Continuous walking mag mode recording at a second interval.
	  
	 ·
	Measured parameter : Total Magnetic Field in NanoTeslas.


 
   
  	 2.
	 Equipment



 
   
  	  
	 ·
	Two GSM19 walking mag mode Magnetometers with GPS attached recording at every 1 second, thus making a distance of about a metre on the ground.
	  
	 ·
	One Base station magnetometer programmed to record at 3 seconds intervals.
	  
	 ·
	2 hand held GPS units


 
   
  	 3.
	 Personnel

	  
	  



 
  	  
	 ·
	Two Magnetometer Operators
	  
	 ·
	Four field Assistants
	  
	 ·
	One base station security man
	  
	 ·
	One Geophysicist
	  
	 ·
	One Driver


 
    
  	 
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  	 4.
	 Deliverables

	  
	  



 
  	  
	 ·
	Raw daily dumps of Base and Rover data at the end of survey.
	  
	 ·
	Diurnally corrected data
	  
	 ·
	Images and a field report.


 
   
 Charges
   
  	 ITEMS
	 Cost/Km (USD)
	 Kms
	 Cost (USD)
	 TOTAL
 (USD)

	 Induced Polarization (IP)
	  
	  
	  
	  

	 Mob & De-Mob
	  
	  
	  
	 2,000.00

	 Cost of survey
	 1600
	 17
	 26880
	 26,880.00

	 Total IP survey cost
	  
	  
	 26880
	 28,880.00

	  
	  
	  
	  
	  

	 Ground Magnetics (GMAG)
	  
	  
	  
	  

	 Cost of survey
	 200
	 17
	 3360
	 3,360.00

	 Total GMAG survey cost
	  
	  
	  
	 3,360.00

	 Truck use /day
	 100
	 11
	  
	 1,100.00

	  
	  
	  
	  
	  

	 Data Processing and Reporting
	 200
	 17
	  
	 3,360.00

	  
	  
	  
	  
	  

	 Accomodation, Board, Fuel by Client
	  
	  
	  
	  

	  
	  
	  
	  
	  

	 COST OF (IP/MAG) SURVEYS
	  
	  
	  
	 36,700.00



 
   
 Payment
  
 An advance payment of 50% of the estimated total cost would be made prior to the commencement of the job, 40% upon completion of the field - work and the remaining 10% after completion of report.
  
 These charges are all taxes exclusive.
  
  	 
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  	 AGREED AND SIGNED ON BEHALF OF:
  
 Terranet Limited by:
   
	  

	 /s/ Frederick Akosah
	  

	  
 Date: 08/08/2022
	  



 
    
   
  	 AGREED AND SIGNED ON BEHALF OF:
   
 Guskin Gold Limited by:
   
	  

	 /s/ Mr. Francis Agezo 
	  

	  
 Date: 08/08/2022
	  



 
   
  	 
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