Greenheart Gold: Boots-on-Ground Exploration Strategy Delivers Multi-Target Portfolio in the Guiana Shield

• Greenheart Gold is advancing five exploration projects across Suriname and Guyana using proven geological methodologies, with three projects now drill-ready after one year of operations
• CEO Justin van der Toorn brings direct experience from successful Guiana Shield development, having previously worked on projects now employing 400-500 people in active construction
• The company maintains a robust treasury of approximately $41 million, providing multi-year funding runway for systematic exploration without dilutive financing pressure
• Projects are strategically positioned in proven gold districts, including areas near operating mines and historical workings in the highly prospective Guiana Shield
• Greenheart Gold implements rigorous QAQC protocols, modern analytical techniques, and comprehensive geological modeling to maximize discovery potential

Introduction & Camp Overview

From a camp at Majorodam in Suriname, Greenheart Gold CEO Justin van der Toorn provides a compelling glimpse into modern grassroots exploration. The company's approach eschews comfortable offices for field-based operations, with van der Toorn himself spending days on-site to understand geological nuances firsthand.

"We believe exploration requires boots on the ground," explains van der Toorn from the camp, which consists of wooden structures with tarpaulin roofs, outdoor showers, and hammock sleeping arrangements.

"You need to get out here. You need to spend time with the team. You need to understand what's going on in the geology, what they're actually seeing in the rocks."

This hands-on approach reflects a deliberate strategy to maintain operational efficiency while building comprehensive geological understanding. The camp setup demonstrates fiscal discipline - using recycled materials from previous alluvial mining operations and maintaining mobility for strategic repositioning as exploration progresses.

Interview with President & CEO, Justin van der Toorn

Importance of On-Site Exploration

Van der Toorn's presence in the field underscores a fundamental exploration philosophy that distinguishes serious operators from desktop theorists. The CEO's direct engagement with geological teams enables real-time decision-making and ensures management maintains intimate knowledge of project development.

"As wonderful as it is to have all these Zoom calls and online meetings, the face-to-face bit really does make a big difference when you're there with the guys and actually seeing what they're seeing and being able to understand every nuance of what they're explaining," van der Toorn notes.

This approach proves particularly valuable in the Guiana Shield's challenging operating environment, where wet season logistics, equipment positioning, and geological interpretation require adaptive management. The direct observation allows for immediate course corrections and optimization of exploration programs based on real-time field conditions.

Team Structure & Operations

Greenheart Gold employs a structured yet flexible approach to field operations, with specialized teams positioned across multiple projects. At Majorodam alone, the company maintains an exploration manager, multiple geologists including student trainees, and approximately 15 field technicians and geotechnicians.

This organizational structure enables simultaneous advancement across the portfolio while developing local geological expertise. The integration of student geologists demonstrates commitment to capacity building and ensures knowledge transfer within the team.

The operational strategy addresses seasonal challenges proactively. "It's been a bit quiet over the summer and yes it has and that's really been because of the rain," van der Toorn explains. "It's very difficult to do earthworks and push in roads, especially new roads, when it's raining so heavily."

Sampling & Geological Analysis

Greenheart Gold implements a systematic approach to geological analysis, progressing from regional reconnaissance through detailed structural understanding. The methodology follows established protocols designed to optimize discovery probability while managing costs effectively.

"The simplest way to think about exploration sometimes is you're effectively reducing the amount of area that you want to explore," van der Toorn describes. "So we start out at the beginning with either stream sediment sampling, soil sampling, and that gives you an area to focus on."

The company utilizes multiple analytical techniques including reverse circulation (RC) drilling, diamond drilling, and comprehensive geochemical analysis. Field teams create exposures through trenching and road cuts to understand structural controls on mineralization, building three-dimensional geological models essential for target generation.

Advanced analytical capabilities include portable XRF analysis for immediate geochemical feedback and submission of samples for ICP-MS analysis to understand alteration patterns and vectoring toward mineralization. This multi-faceted approach ensures comprehensive geological understanding before committing significant drilling expenditure.

Quality Control in Sample Analysis

The company maintains rigorous quality assurance and quality control (QAQC) protocols throughout the analytical process, implementing industry-standard procedures to ensure data integrity. These systems provide confidence in geological interpretation and resource estimation.

"Everything that we get back from the lab, we have the geologists actually sign off on before it goes into our database," van der Toorn explains.

The protocol includes systematic insertion of certified reference materials, field duplicates, and blank samples to monitor analytical accuracy and precision.

Duplicates from RC programs provide insight into gold distribution characteristics, particularly important in the Guiana Shield where coarse gold occurrence can create nugget effects. "There's a lot of coarse gold, but at the end of the day, you reduce the effect of that through more sampling and a better understanding of the mineralization," notes van der Toorn.

The company maintains historical monitoring of analytical performance, tracking biases and trends over extended periods to ensure data reliability. Any analytical failures trigger immediate reanalysis of affected samples and surrounding intervals, maintaining database integrity.

Understanding Mineralization & Targeting

Greenheart Gold's geological understanding reveals complex mineralization styles across its project portfolio, with gold mineralization generally post-dating regional deformation events. This temporal relationship creates opportunities for systematic exploration targeting based on structural controls.

"The gold mineralization generally post-dates all that deformation as well. You're then seeing cross-cutting structures, cross-cutting veins that are hosting the gold mineralization," van der Toorn explains.

Understanding these relationships enables predictive targeting and efficient drill program design.

At Majorodam, the company has identified multiple mineralization styles, including quartz veining within sedimentary sequences and discrete quartz veins associated with granite contacts. This diversity suggests multiple mineralizing events and expands the target envelope for future exploration.

The systematic approach to geological modeling incorporates density measurements, metallurgical considerations, and geotechnical characteristics essential for eventual resource evaluation.

"Everything we log from the geotechnical side and understanding the fractures and how the rock was going to behave when you actually get to that mining stage through to the geology, through to the mineralization and the gold content, everything kind of feeds into that final result," notes van der Toorn.

Project Updates & Future Plans

Greenheart Gold operates across five projects in Suriname and Guyana, with three now advancing to drill-testing phase after comprehensive surface work programs. The systematic approach ensures each project reaches appropriate maturity before significant capital commitment.

At Majorodam, diamond drilling commences within two weeks to follow up encouraging RC results.

"We're bringing in the diamond rig in a couple of weeks' time to start drilling on top of those RC results that we had from earlier in the year," van der Toorn confirms.

The Igab project across Brokopondo Reservoir continues soil sampling in northern areas while trenching and channel sampling advance in the south. Access challenges in remote areas are being addressed through fly camp establishment, demonstrating operational flexibility.

Tosso Creek soil sampling nears completion of the first phase, with results pending to guide infill programs and eventual trenching activities. In Guyana, the Abuya project west of the Aurora mine continues building geological understanding, while Tamake targets high-grade veins within granite settings.

Financial Health & Strategic Goals

With approximately $41 million in treasury following a $43 million Q1 position, Greenheart Gold maintains substantial financial flexibility for systematic exploration advancement. The funding provides multi-year runway without dilutive financing pressure, enabling patient capital deployment.

"We didn't raise that money to go out and spend it in a few seconds. We raised that money really so that we can do a systematic work program over the course of a couple of years and really work up the projects we want, as well as drop projects that we don't want as well," van der Toorn explains.

This financial discipline enables selective project advancement based on geological merit rather than funding constraints. The company's commitment to systematic exploration and project portfolio optimization positions it to maximize shareholder value through focused capital allocation.

The strategic approach includes potential acquisition of additional projects to expand the portfolio, balanced against advancement of existing opportunities. This flexibility enables opportunistic growth while maintaining focus on core asset development.

Conclusion & Future Outlook

Greenheart Gold's systematic approach to Guiana Shield exploration, combined with experienced management and strong financial position, creates compelling investment opportunity in a proven gold district. The company's progression from startup to multi-project developer within one year demonstrates execution capability and geological understanding.

"We've been around for a year now. Since then, we've obviously picked up these five projects. We brought three of these projects now to a stage that are basically drill ready," van der Toorn summarizes.

The advancement represents significant value creation through systematic exploration and technical excellence.

The company's commitment to boots-on-ground exploration, rigorous technical standards, and disciplined capital allocation positions it for discovery success in one of the world's most prospective gold regions.

Investment Thesis for Greenheart Gold

• Proven Management Team: CEO with direct Guiana Shield development experience and track record of advancing projects to construction phase with 400-500 person workforce
• Strategic Portfolio Positioning: Five projects across proven Suriname and Guyana gold districts, with three drill-ready after systematic surface exploration programs
• Strong Financial Foundation: $41 million treasury providing multi-year exploration funding without near-term dilution risk or financing pressure
• Technical Excellence: Implementation of rigorous QAQC protocols, comprehensive geological modeling, and modern analytical techniques maximizing discovery probability
• Systematic Exploration Approach: Disciplined progression from reconnaissance through drill-ready targets, with flexibility to drop underperforming projects and add new opportunities
• Geographic Diversification: Multi-jurisdictional exposure across stable mining-friendly jurisdictions with established mining infrastructure and support services
• Operational Efficiency: Field-based management approach ensuring real-time decision making and cost optimization while maintaining technical standards
• Discovery Leverage: Early-stage exploration providing significant upside potential in proven gold districts with historical production and active mining operations

Greenheart Gold represents compelling exposure to Guiana Shield gold exploration through systematic technical approach, experienced management, and strong financial position. The company's progression from startup to multi-project developer with drill-ready targets demonstrates execution capability while maintaining discovery upside in one of the world's most prospective gold regions. Patient capital deployment and technical excellence position the company for value creation through systematic exploration and selective project advancement.

Macro Thematic Analysis

The Guiana Shield represents one of the world's most underexplored yet highly prospective gold regions, encompassing parts of Venezuela, Guyana, Suriname, French Guiana, and northern Brazil. This Precambrian geological province hosts significant gold endowment, with recent discoveries and developments attracting renewed exploration investment and validating the region's potential.

Greenheart Gold's strategic positioning captures multiple macro themes driving gold exploration investment. The Guiana Shield's geological characteristics – including extensive greenstone belts, favorable structural settings, and proven mineralization – mirror those of major global gold districts including the Canadian Shield and Western Australian goldfields. Historical underexploration due to political instability, infrastructure limitations, and capital constraints has created opportunity for systematic modern exploration.

Recent developments validate the region's potential. Major miners including Zijing Mining, AngloGold Ashanti, and others have established significant operations, providing infrastructure development and demonstrating commercial viability. Government support for mining development in Suriname and Guyana, including favorable fiscal regimes and streamlined permitting processes, enhances the investment environment.

The current gold price environment supports exploration investment, with sustained higher prices improving project economics and justifying exploration expenditure in frontier regions. Currency dynamics also favor companies operating in the region, with US dollar operations providing natural hedging against local currency exposure.

Infrastructure development, including improved road networks, power generation, and logistics capabilities, reduces operational costs and enhances project viability. The establishment of local service industries and skilled workforce development creates operational advantages for exploration companies.

Climate considerations increasingly favor jurisdictions with stable regulatory frameworks and established mining codes. Suriname and Guyana offer political stability and transparent regulatory environments compared to other gold-producing regions experiencing governance challenges.

The convergence of favorable geology, improved infrastructure, supportive governments, and sustained gold prices creates compelling macro environment for Guiana Shield exploration investment, positioning companies like Greenheart Gold to benefit from regional development trends.