01:27 PM EDT, 09/25/2024 (MT Newswires) -- Greenheart Gold ( GHRTF ) on Wednesday said it signed a binding Heads of Agreement outlining the key terms of an option to purchase the IGAB project in Suriname.

This 95 square kilometers, early stage project is 30 kilometers south of Newmont's operating Merian gold mine.

"IGAB is the third and latest project that we are excited to add to Greenheart Gold's ( GHRTF ) exploration portfolio," said chief executive Justin van der Toorn. "We expect to achieve our strategic goal of acquiring and maintaining a pipeline of up to 5 to 6 early-stage exploration projects across Guyana and Suriname in the near future."

The company's shares were last seen up $0.03 to $0.60 on the TSX Venture Exchange.

Price: 0.60, Change: +0.03, Percent Change: +5.26