Greenheart Gold Provides Exploration Update on Projects in Guyana

Greenheart Gold Inc. has reported updates on its exploration projects in Guyana, highlighting significant soil anomalies at the Tamakay and Abuya areas. The company has acquired option agreements for exploration rights, enhancing its exploration pipeline. Promising geological findings suggest substantial potential for gold resources in the region.

Greenheart Gold Inc. has provided an update on its exploration projects in Guyana, particularly highlighting the Tamakay and Abuya projects. In the Tamakay area, initial exploration has revealed significant soil anomalies over vast stretches, indicating promising targets for further investigation. The Abuya project has similarly yielded coherent areas of anomalous soil results, supporting the potential for continued exploration.

Greenheart Gold has finalized option agreements to fully acquire the Tamakay exploration project, which covers approximately 55 square kilometers. This project marks the company’s fifth addition to its exploration pipeline which already includes three projects in Suriname. The strategic location of Tamakay positions it near other mining operations, further enhancing its appeal.

The Tamakay area has a rich history of gold discovery, with quartz veins first identified as early as 1937. Previous artisanal mining has occurred in the past, yet no modern exploration has been undertaken to assess the full potential of the gold-bearing veins and alluvial resources. Recent geological mapping has identified several significant anomalies, particularly within volcanic rock units extending roughly 1,500 meters in length.

Greenheart has established option agreements with local titleholders for three mining permits covering 12.42 square kilometers. This area is supplemented by an additional 42.78 square kilometers of contiguous mining permits acquired in previous agreements. Financial obligations under these agreements dictate payments totaling over US$3 million from 2025 to 2032, with potential contingent payments based on future estimates.

At the Abuya project, recent results from Phase 2 soil sampling have provided promising indications of two anomalous areas. These areas, each approximately 2 km by 1 km, are associated with contact zones, warranting further exploration. Anticipated next steps include trench and channel sampling, followed by the possibility of drill testing later in 2025.

Greenheart Gold Inc., listed on the TSX Venture Exchange as GHRT, possesses extensive experience and knowledge regarding the Guiana Shield, which boasts many untapped gold deposits. Led by a proficient team, Greenheart strives to capitalize on its technical capabilities to enhance its prospective exploration endeavors in Guyana and Suriname. Further company information can be found on their website.

In conclusion, Greenheart Gold’s exploration projects in Guyana, specifically Tamakay and Abuya, showcase significant geological promise through initial findings of anomalous soil samples. The strategic acquisition of extensive exploration rights and the experienced leadership underlines the company’s commitment to uncovering gold resources within the Guiana Shield. Continued exploration plans are expected to build upon these early encouraging results, potentially leading to future discoveries.

Original Source: www.globenewswire.com