Dan Noone CEO G2 GOLDFIELDS
Could you comment on the recent MRE update at your flagship Oko-Ghanie Gold Project in Guyana?
Over the past 12 months, we completed 59,000 m of drilling, taking the 2 million oz resource announced in our last resource update one year ago to a total of 3.1 million oz at ~3g/t Au grade. The mineralization remains open at depth, but we primarily focus along strike and above 500 m, where we feel the biggest NPV value will come from. G2 Goldfields has announced a spin-out of some of its non-core assets to G3 Goldfields as a wholly-owned subsidiary. Could you comment on this decision?
We currently control 85,000 acres in our district. Of these, we are carving out approximately 11,600 acres around the current Oko resource with enough land for further exploration and a future mine development for G2. The rest of the area would be spun into G3 and extends along the northeast trend all the way from the Cuyuni River southwest to Peter’s Mine. Earlier in March, we made a new high-grade, near surface gold discovery located a few kilometers north of the Oko resource and on the proposed G3 claims. This could be another Oko-scale discovery where we are now actively drilling. In addition, we have recently acquired another promising concession just west of Aremu.
Historically, we focused capital allocation on Oko, so by separating the non-core assets, G2 can continue advancing the Oko discovery while G3 advances the adjacent discovery and exploration targets, unlocking greater shareholder value and visibility in a standalone company. We believe the historic mine sites and our newly acquired claims to the northwest have the potential to yield several Oko-scale discoveries and unlock further value for our shareholders through a repeatable spin-out strategy.
Justin can der Toorn CEO GREENHEART GOLD
Could you introduce Greenheart Gold?
Greenheart Gold was established as a spin-out resulting from the July 2024 merger of Reunion Gold and G Mining Ventures, following Reunion Gold’s discovery of the flagship Oko West gold project in Guyana. Could you provide an overview of your current projects?
We began with the Majorodam project, located just 12 km from the Saramacca deposit—a satellite deposit for Zijin Mining’s Rosebel gold mine in Suriname. Midway through last year, we added the Abuya project in Guyana, which is situated just 20 km from Zijin’s 6-million oz Aurora gold mine. Our most recent addition is Igab, located 30 km from Newmont’s Merian operation in Suriname. This proximity to existing discoveries not only provides good optionality but also lowers the economic threshold related to the discovery.
We are currently working through the basic steps at Majorodam including geochemistry and trenching and these programs have resulted in the discovery of extensive, coherent soil anomalies on two zones. At Igab, we completed a stream sediment sampling program and channel sampling of an exposed outcrop exhibiting evidence of alteration and deformation and we recently released those very promising results. And what is your portfolio strategy down the line?
Ultimately, we want to build a portfolio of about five or six projects across Guyana and Suriname. In a year’s time, our objective is to have at least a couple of projects advanced to the point where we can commit to resource definition drilling.