Blox Inc. and Ashanti Sankofa Inc. to acquire Grumesa project with 931,541 ounces of Gold in Ghana. In accordance with the Strategic Alliance Agreement of 2018 between Blox Inc. and Ashanti Sankofa Inc. (ASI), ASI has elected to be involved with this project, and has assumed primary responsibility to prepare the feasibility study for submission for a mining license. Blox announced that it has signed an agreement to acquire the Exploration Licence for the Grumesa Project in Ghana.

The concession has a 43-101 report dated September 2010 showing a total of 931,541 ounces Au, comprising 569,492 ounces Au indicated and 362,049 ounces Au inferred. The Agreement is subject to the Minerals Commission and the Minister of Lands and Natural Resources giving their consent for the transfer of the concession to Blox, Inc. normal course of business this transaction may take several months to close. The Property and Location: The Grumesa Project (Project) is in Ghana, West Africa, and is situated approximately 50km to the south of the regional town of Obuasi and 350km northwest of the capital city of Accra.

The Grumesa Project area consists of the Grumesa-Awisam Prospecting license (PL2-30). which is comprised of two discontiguous blocks with a combined area of 37.8 km square. The larger Grumesa Block has an area of 34.3km2 while the smaller Awisam Block has an area of 3.5 km square.

The license is wholly owned by Perseus Mining Limited (Perseus). Geology and Mineralisation: The Project area is situated within a sequence of Lower Proterozoic Birimian (2.17 to 2.18Ga) coeval meta-volcanic, metasedimentary (basin) rocks and Tarkwaian (back arc) epiclastics, on the eastern flank of the Ashanti Belt. Gold mineralisation at the Project occurs primarily within an inter-bedded sequence of coarse clastic conglomerates, sandstones and siltstones of the Kayeya Conglomerate unit which forms part of the Lower Proterozoic Birimian to upper Tarkwaian stratigraphy.