Greenheart Gold is a well financed 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 is building on its technical knowledge, strong contact base and success from exploring in the Guiana shield to assemble a portfolio of 5 very prospective early-stage exploration projects across Guyana and Suriname, where exploration programs are currently underway.
Cash: CAD$45M
Debt: /
Major shareholders:
G Mining Ventures 10.5%
Condire 9.9%
Dundee Corp 7.6%
Libra 6.5%
Scotia Asset Mgt 6.1%
Management Ownership 4.60%
David Fennell, Executive Chairman
David Fennell has over 40 years of executive experience in the mining industry. He received a law degree from the University of Alberta in 1979 and practiced law until he founded Golden Star Resources Ltd in 1983. As president and CEO, he led Golden Star to become one of the largest and most successful exploration companies, playing a key role in the discovery and development of the Omai Gold Mine in Guyana and the Gross Rosebel Mine in Suriname. In 1998, Mr. Fennell became chairman and CEO of Hope Bay Gold Corporation, a position he held through the merger of Hope Bay and Miramar Mining Corporation. He continued as Executive Vice-Chairman for the combined entity until its acquisition by Newmont Mining Corporation in 2008. Mr. Fennell was the founder and Executive Chairman of Reunion Gold Corporation from 2003 until the completion of its business combination with G Mining Ventures Corp. He also served on the board of directors of several other publicly traded companies listed on the Toronto Stock Exchange and the TSX Venture Exchange.
Doug Flegg CFA, Senior Vice President Corporate Development
Doug Flegg has over 38 years’ experience in mining and mining finance with senior positions in research, portfolio management and global equity sales. As Managing Director Global Mining Sales with BMO Capital Markets where he was involved in raising $35 billion in over 200 corporate financings. Since 2016 he has been providing business development, strategic, and financing advice to corporate mining clients, more recently as part of the Reunion Gold leadership team. Mr. Flegg also holds the CFA designation, has a B.Sc. in Geology, work experience as a geologist and an MBA from Queens University.
We put out 4 press releases outlining a combination of exploration news and property acquisitions between January and Early March 2025. Being active on 5 projects, we expect to continue to generate good news flow.
3 Months:
Drilling underway on 1 to 2 projects and news advancing the remaining projects
6 Months:
Drilling underway on 2 to 3 projects and news advancing the other projects
12 Months:
Drilling to have occurred or be underway on all of our current 5 projects, with news on least 3 of them as to weather they are being advanced with potential resource drilling or being replaced with a new opportunity
Experienced executive and exploration team with a legacy of success in the Guiana Shield
Well financed with $45 million
Unique strategy, cycling through a portfolio of 5 to 6 projects which we feel provides best possible opportunity for a successful discovery
Exploring within the highly prospective yet underexplored Giana Shield in the mining friendly jurisdictions of Guyana and Suriname
Portfolio approach working on 5 or 6 projects provides good opportunity for strong news flow