Greenheart GOLD Provides an Update ON Its Exploration Programs IN Guyana and Suriname
GREENHEART GOLD PROVIDES AN UPDATE ON ITS EXPLORATION PROGRAMS IN GUYANA AND
SURINAME
Longueuil, Québec, November 11, 2024 – Greenheart Gold Inc. (TSXV: GHRT) (the “Company” or “Greenheart
Gold”) is pleased to provide an update on its exploration activities in Guyana and Suriname.
M
ajorodam Project, Suriname
The M
ajorodam project in Suriname has received results from an extensive first phase soil geochemical
sampling program with over 2 ,000 samples collected. Results shown in Figure 1 indicate two distinct
anomalous zones:
(1) a
2 km by 3 km gold in soil anomaly with values reported up to 1.13 g/t Au, located within the same
volcanic units that are interpreted to host the Saramacca deposit located 12 km to the north, and
(2)
a NE striking gold in soil anomaly, approx. 1 km by 5 km in extent and with assays up to 1.51 g/t Au,
aligned with interpreted structural orientations as derived from a 2019 airborne magnetic survey flown
over the permit.
A
dditional infill soil sampling is now underway . Following the results of this infill geochemical program, the
Company intends to further validate these results with trenching and, in areas of significant duricrust, shallow
scout RC drill programs.
A
buya Project, Guyana
At
the Abuya Project in northeastern Guyana, results from the Company’s first phase of widely spaced
reconnaissance soil geochemical sampling were returned, indicating several anomalous zones for subsequent
follow up activities. Sample s were 100 m apart on 1 km spaced lines to enable a rapid reduction in search
space within the 100 sq km project area . Infill sampling will be carried out at a 500 m by 50 m spacing, to be
supported by geological mapping and potential geophysical surveys in early 2025. Results are shown in Figure
2 and highlight anomalous gold values of up to 0.55 g/t Au that appear to coincide with granit ic / volcanic
contacts and the regional fold axis orientations.
Ot
her projects
The C
ompany is also pleased to announce the commencement of reconnaissance activities at the Igab Project
(see September 25, 2024 news release), where work is underway to set up a field camp in advance of initiating
a stream sediment sampling program to evaluate the project, expected to begin mid-November. In addition,
project generation activities for Greenheart Gold continue at several potential project areas in both Guyana
and Suriname and additional updates on these activities are expected to be announced in due course.
Sample Preparation and Analysis
Soil samples of approximately 1 kg are collected immediately below the surface lag and leaf litter, usually at a
depth of 5 cm to 3 0 cm depth below surface. Samples are dispatched to Actlabs in Suriname , including
regularly inserted certified reference materials , for preparation that includes drying at 60 ºC and sieving to
minus 177 microns. The minus fraction is then pulverized to minus 105 microns. Samples are then transferred
internally by Actlabs to their analytical laboratory in Guyana, where they are analysed by 50 g fire assay using
method 1A2-50. Samples greater than 5 ppm Au are analysed using a 50 g gravimetric assay.
About Greenheart Gold Corporation
Greenheart Gold is an exploration company that builds on a proven legacy of discoveries within the Guiana
Shield, a highly prospective geologic terrain that hosts numerous gold deposits yet remains relatively under -
explored. The Company is led by former executives of Reunion Gold, a team that was most recently noted for
the discovery and delineation of the multi million -ounce Oko West deposit in Guyana, which was sold to and
being advanced to production by G Mining Ventures. Greenheart Gold intends to build on its technical
knowledge, strong contact base and success from exploring in the Guiana shield to assemble , maintain and
explore a portfolio of early-stage exploration projects in Guyana and Suriname that are prospective for orogenic
gold deposits.
Greenheart Gold trades on the TSX Venture Exchange under the symbol ‘GHRT’ . Additional information about
the Company is available on SEDAR+ ( www.sedarplus.ca) and the Company's website
(www.greenheartgold.com).
For further information, please contact:
GREENHEART GOLD INC.
Justin van der Toorn, President and CEO, or
Doug Flegg CFA, Corporate Development Advisor
E: d.fl[email protected]
Telephone: +1 450-800-2882
Technical Information
All scientific and technical information in this press release has been reviewed and approved by Justin van der
Toorn, CGeol FGS, EurGeol, President and CEO of Greenheart Gold, and a Qualified Person under Canadian
National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute “forward -
looking information” and “forward-looking statements” within the meaning of certain securities laws and are
based on expectations and projections as of the date of this press release. Forward-looking statements
contained in this press release include, without limitation, those related to the Company’s plans and
objectives, timing of and execution of planned exploration activities, geological interpretation, potential
favorable setting and mineralization, potential acquisition of other projects, other statements relating to the
and business prospects of Greenheart and more generally, the section entitled “About Greenheart Gold Inc” .
Forward-looking statements are based on beliefs, expectations, estimates and projections as of the time of this
press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by the Company as of the time of such statements, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect. Such assumptions include, without limitation , those underlying the
statements in the section entitled “About Greenheart Gold Inc. ” .
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to
differ materially from those expressed or implied in any forward-looking statements. By their very nature, forward-
looking statements involve inherent risks and uncertainties, both general and specific in nature, including among
others, those risks and uncertainties set forth in the Listing Application (Form 2B) dated August 30, 2024,
management’s discussion & analysis for the initial period f rom April 19, 2024 to June 30, 2024 and other
documents and reports filed by the Company with Canadian securities regulators available under the Company’s
profile on SEDAR+ at www.sedarplus.ca, and the risk that estimates, forecasts, projections and other forward-
looking statements will not be achieved or that assumptions do not reflect future outcomes. Forward -looking
statements are provided for the purpose of providing information about management’s expectations and plans
relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as
a number of important risk factors and future events could cause the actual outcomes to differ materially from
the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in
such forward-looking statements. The Company cautions that the list of factors set forth in the Company’s filings
that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The
Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain
any material difference between subsequent actual events and such forward-looking statements, except to the
extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Figure 1 - Soil geochemical survey results form Greenheart Gold's Majorodam project in Suriname. Overlain on geological
interpretation (Pink: granite; Green & blue: meta-volcanics; Purple: gneiss).
Figure 2 - Soil geochemical survey results form Greenheart Gold's Abuya project, located in NE Guyana. The wide
spaced (1 km line spacing) results highlight numerous areas for subsequent infill. Overlain on geological interpretation
(Pink: granite; Green: meta-volcanics; Purple: gneiss).