Greenheart Gold Expands Exploration Through IGAB Project Acquisition
Greenheart Gold Expands Exploration Through IGAB Project Acquisition
Greenheart Gold Inc. (TSXV: GHRT) is thrilled to announce it has finalized a binding Heads of Agreement for an option to purchase a 100% interest in the IGAB gold exploration project. Positioned strategically 30 kilometers from Newmont’s Merian mine, this early-stage project encompasses 95 square kilometers of promising territory in Suriname, easily accessible via roads and a boat ride along the Marowijne River.
Strategic Importance of the IGAB Project
According to Justin van der Toorn, President and CEO of Greenheart Gold, “Adding the IGAB project is a remarkable step in expanding Greenheart Gold's exploration capabilities. We're aiming to build a robust portfolio with 5 to 6 early-stage exploration projects across Guyana and Suriname.”
Geological Insights
The IGAB project lies within northeast Suriname, characterized by a unique geological structure where the Marowijne Greenstone belt's northern limb undergoes a significant shift in orientation. This region experiences artisanal alluvial mining, particularly around the folds. The mineral rights intersect with a critical contact zone between a vast granodiorite intrusion and prevalent mafic volcanic/metasedimentary rocks, further indicating potential mineralization opportunity.
Previous Exploration Efforts
Historical data from prior surveys conducted for the Suriname government, along with more recent investigations by the current concession holder, affirm the presence of alteration and shearing phenomena at the granodiorite-volcanic contact. Significant assay results from grab samples in previously mined areas returned impressive figures of 94.2 g/t Au, 56.0 g/t Au, and 4.0 g/t Au. These findings suggest a strong potential for discovering a significant gold system within the IGAB area.
Comparative Geological Context
Notably, the geological features of the IGAB site bear similarity to the recent Oko West discovery made by the Greenheart Gold team when operating under Reunion Gold Corporation. Oko West has an estimated resource of 4.3 Moz Au in measured and indicated categories, alongside 1.6 Moz Au inferred. Both locations are situated along the contact of a significant granitic batholith and volcanic/sedimentary units that indicate powerful alteration and shearing. Although close to the active mining operations of Newmont’s Merian mine, the IGAB project remains substantially under-explored for primary gold deposits using modern techniques.
Understanding the Heads of Agreement
Greenheart Gold has established a binding Heads of Agreement (HoA) with an arm’s-length private Surinamese company to procure 100% ownership of the mineral right over the IGAB project. Under this HoA, Greenheart Gold holds exclusive rights to conduct technical and legal due diligence for a four-month period before finalizing the option agreement. The decision to execute this option agreement lies entirely with Greenheart Gold.
About Greenheart Gold Corporation
Greenheart Gold focuses on exploring the rich geological terrain of the Guiana Shield, which hosts abundant gold deposits yet remains under-explored. The company aims to cultivate a strong portfolio of early-stage projects in Guyana and Suriname, specifically targeting orogenic gold deposits. Established as a spin-off from the merger of G Mining Ventures Corp. and Reunion Gold Corporation, Greenheart Gold benefits from a team proficient in discovering and delineating valuable deposits.
Contact Information
For further inquiries, please reach out to:
Greenheart Gold Inc.
Justin van der Toorn, President and CEO,
Doug Flegg CFA, Corporate Development Advisor
E: d.flegg@greenheartgold.com
E: info@greenheartgold.com
Telephone: +1 450-800-2882
Frequently Asked Questions
What is the IGAB project?
The IGAB project is a gold exploration area in Suriname that covers 95 square kilometers and is located south of the Newmont Merian mine.
What potential does the IGAB project have?
The project exhibits geological features suggesting a significant gold mineralization system, with previous sampling indicating high gold assays.
Who is leading Greenheart Gold?
Greenheart Gold is led by Justin van der Toorn, who is also the President and CEO, supported by a team experienced in gold exploration.
What is the company’s strategy?
Greenheart Gold aims to maintain a pipeline of 5 to 6 early-stage exploration projects across Guyana and Suriname to enhance their exploration portfolio.
Where can more information about Greenheart Gold be found?
Additional information about the company is accessible through their official website at www.greenheartgold.com.
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