Greenheart Gold Inc. Provides Updates on Tamakay and Abuya…

Greenheart Gold Inc. has acquired a 100% interest in the Tamakay exploration project in Guyana, marking its fifth early-stage project. The Tamakay site shows promising geological anomalies, and an option agreement has been established for a total of 12.42 square kilometers in the Mazaruni district. The Company also reported encouraging results from the Abuya project soil sampling, indicating potential further exploration activities are forthcoming.

Greenheart Gold Inc., based in Longueuil, Québec, has successfully acquired a 100% interest in the Tamakay exploration project, which is now its fifth early-stage project in the region. This initiative adds to an already established portfolio that includes three projects in Suriname and the Abuya project in Guyana. Notable exploration activities are planned for the Tamakay site, which is situated approximately 300 kilometers west of Georgetown, Guyana.

The Tamakay project features various geological formations, including granitic rock units and metavolcanics. Historical records indicate that gold discovery on the property dates back to 1937, with ongoing artisanal mining activities. Preliminary geological mapping and soil sampling have revealed significant anomalies, including a notable soil anomaly measuring 1,500 meters by 750 meters. Follow-up work will include trenching and further investigations into the potential mineralization.

Greenheart Gold has negotiated option agreements for a total area of 12.42 square kilometers within the Mazaruni mining district, complementing an adjacent 42.78 square kilometer mining permit area. These agreements, structured for six to ten years, involve staged payment commitments, which include payments already made and future obligations totaling over $2 million by 2027. Additional contingent payments are also linked to future reserve estimates and production.

In relation to the Abuya project, Greenheart Gold has received encouraging partial results from its Phase 2 soil sampling. This assessment highlights two coherent anomalous areas that correlate with contact zones within the project. The ongoing exploration program aims to further elaborate on these findings, potentially leading to trench and channel sampling, and subsequent drilling later this year.

Greenheart Gold is firmly committed to utilizing its extensive geological knowledge and experience to enhance its exploration projects. The Company’s leadership comprises seasoned individuals from Reunion Gold, known for their successful discoveries in the Guiana Shield. Greenheart Gold seeks to efficiently explore and develop its portfolio of projects, positioning itself as a key player in the search for orogenic gold deposits in Guyana and Suriname.

In summary, Greenheart Gold Inc.’s recent updates on its exploration projects in Guyana illustrate a strong commitment to expanding its portfolio and advancing its exploration initiatives. With significant findings at both the Tamakay and Abuya projects, and a series of option agreements that enhance its land holdings, the Company is well poised for potential discoveries in the highly prospective Guiana Shield region. Continued exploration efforts will be crucial in uncovering the mineral potential of these sites.

Original Source: www.globenewswire.com