Greenheart Gold has expanded its Majorodam project in Suriname by 150%, acquiring additional land to enhance its exploration capabilities. The company has commenced drilling with an initial program at the Heuvel target and secured option agreements for Majorodam North and South, reflecting its commitment to explore promising geological regions. The company aims to capitalize on its technical strengths in pursuing gold resources.
Greenheart Gold has significantly expanded its exploration rights at the Majorodam project in Suriname, increasing its land position by 150% to around 251.5 square kilometers. The newly acquired land extends coverage both north and south of the original project area. The company has commenced an initial drilling program of 1,500 meters consisting of 100-meter deep holes to evaluate the Heuvel target.
In addition, Greenheart Gold has entered into an option agreement with a private Surinamese company to acquire a 100% interest in mineral rights over an area exceeding 6,000 hectares, named Majorodam North. This agreement is valid for 11.5 years, with the flexibility for the company to terminate it with 30-day prior notice. To exercise this option, the company must meet specific financial commitments and complete a feasibility study.
Moreover, Greenheart Gold has amended its existing agreement with the title holder of Majorodam to include an additional 9,086 hectares, referred to as Majorodam South, in exchange for a one-time payment of $65,000. These new mineral rights lie contiguous to the south of the original project area.
These agreements were pursued following promising results from previous soil geochemical surveys. Both Majorodam North and Majorodam South are believed to be underlain by volcanic units similar to those in the nearby producing Saramacca mine. Despite preliminary airborne surveys, neither area has undergone comprehensive modern exploration targeting potential hard rock sources of gold deposits.
The exploration strategy will include geological mapping, prospecting, and initial geochemical surveys in these new project areas. Following the mobilization of a reverse circulation rig, drilling has begun at the Heuvel target, aiming to assess the geological potential further.
About Greenheart Gold: The company focuses on gold exploration within the Geiana Shield, recognized for its mineral wealth but still underexplored. Guided by a team with a track record of notable discoveries, Greenheart Gold aims to develop a portfolio of early-stage exploration projects in Guyana and Suriname, specializing in orogenic gold deposits. The company trades on the TSX Venture Exchange under the symbol ‘GHRT’.
Greenheart Gold’s expansion in Suriname through the acquisition of additional land for its Majorodam project underscores its commitment to exploration and potential resource development. With the initiation of drilling activities and a clear strategy to explore newly acquired areas, the company is positioned to leverage its technological expertise and industry contacts. The success of these ventures will depend on thorough evaluations of the geological potential and meeting financial commitments outlined in the agreements.
Original Source: www.manilatimes.net
