Sranan Gold Announces Preparations for Initial Drilling Campaign Are Underway Following Positive Engagement with Local Community in Suriname
Sranan geologists and crew are in the field to sample the active workings generated by local miners. This work will be extended along the 4.5 km Poeketi-Randy trend and then extensions of this trend.
Sranan has purchased two Hydracore 2000 drills which are expected to arrive in Suriname in late May with phase 1 drilling expected to commence in the second quarter of 2025, after field evaluation and camp construction. The Company's decision to acquire its own drills is a result of expanding gold potential based on re-evaluation of historical data and the Lidar data and Sranan interpretation, which suggests three parallel zones of mineralization. The Company is increasing its initial 1,500-meter drilling campaign to 10,000 meters. The acquisition of drills will assist in expediting the drill program and is also expected to significantly reduce drilling cost.
Johnston Exploration Consulting, a drilling team with extensive in-country experience and a proven record of drill performance, has been contracted to improve efficiency of the drill program.
Engagement with community leaders of the nearby Poeketi Village brings the community's skills, regional knowledge and manpower to aid in the Company's exploration efforts.
Dr. Dennis LaPoint, EVP Exploration and Corporate Development of Sranan Gold, commented: "Our team of local geologists is working with members of the local community and drawing upon their skills and knowledge. Knowledge of ongoing sampling and mapping in areas of active mining by local members of the community is invaluable and will contribute to our drill results."
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo. a "qualified person" as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company's EVP Exploration and Corporate Development.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname's modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas in Suriname. There is significant production from saprolite by local miners along a 4.5-kilometre trend, where several areas of mining have been opened.
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