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Greenheart Gold Announces the Commencement of Drilling on Two of Its Projects and Provides an Update on Exploration Progress in Suriname and Guyana
Newsfile· 2025-09-02 21:59
Core Viewpoint - Greenheart Gold Inc. has initiated drilling programs at its Majorodam project in Suriname and Tamakay project in Guyana, while also providing updates on exploration progress across its portfolio in both countries [2][3][8]. Group 1: Majorodam Project (Suriname) - Drilling has commenced at the Heuvel Prospect, with the first diamond drill hole completed on August 15, 2025, and a total of three holes drilled to date, totaling 610 meters [3]. - The Phase 2 drill program aims to complete 2,500 meters, following up on previous reverse circulation drill results [3]. - Significant trench results include an interval of 18.0 meters at 6.39 grams per tonne of gold, with a high-grade quartz vein returning 4.0 meters at 24.07 grams per tonne [4]. - A high-resolution drone magnetics survey has been conducted over the Heuvel drill targets, enhancing the geological framework for ongoing exploration [5]. - The company is also conducting trench and channel sampling on the Helling prospect, which is part of a 5-kilometer soil anomaly [6]. Group 2: Tamakay Project (Guyana) - An initial 1,200 meters Phase 1 diamond drill program began in mid-August 2025, targeting known gold-bearing quartz vein occurrences [8]. - The drilling is designed to test the continuity of gold-bearing quartz veins and potential stacked veins, as well as a shear zone underlying historical mining pits [8]. Group 3: Igab Project (Suriname) - Early results from the Igab project have shown numerous gold-in-soil anomalies, with ongoing grid soil sampling refining these results into five distinct prospects [9]. - The company has signed a definitive option agreement for the Igab project, involving option payments totaling US$3,400,000 over four years [12]. Group 4: Management and Team - Tim Stubley has been appointed as Senior Manager of Exploration, bringing over 15 years of mineral exploration experience to the company [13][14].
Tinka Acquires Minority Stake in Gold Exploration Property in Saudi Arabia
Newsfile· 2025-08-19 10:30
Core Viewpoint - Tinka Resources Limited has acquired a 5% carried interest in a gold exploration property named Huwaymidan in Saudi Arabia, through its subsidiary Tinka Saudi Resources Corp, marking a strategic entry into the Middle Eastern mining sector [1][4][10] Acquisition Details - The Huwaymidan property covers an area of 34 km² and is located in the Jiddah Terrane of the Saudi Arabian Shield, with historical gold workings but no defined mineral resources [2][6] - The acquisition was part of a competitive tender process, with Tinka partnering with Midad Al Mona Mining Company, which holds a 94% stake [1][7] - Midad Al Mona will be fully funded by its Saudi partner for the first two years of exploration, estimated at up to C$2.3 million [10] Exploration Plans - Fieldwork is set to commence in September 2025, including mapping, rock sampling, and ground-based geophysics, with an initial shallow drill program planned for late 2025 [2][6] - Historical trench sampling results have shown gold grades of up to 10 g/t over 2.5 meters, indicating potential for further exploration [2][8] Strategic Importance - The partnership provides Tinka with access to capital market opportunities in the Middle East, which is diversifying investments beyond hydrocarbons into mining [4][6] - Tinka will provide exploration leadership and technical expertise while receiving consulting fees for its services, capped at US$250,000 over two years [10] Geological Context - The Huwaymidan property is situated in an underexplored region of the Arabian Shield, known for orogenic gold deposits associated with Precambrian volcanic and intrusive rocks [8][9] - Nearby significant gold deposits include Ar Rjum (approximately 3.9 million ounces) and Mansourrah-Masarah (approximately 7.5 million ounces), highlighting the area's potential [6][9]