Critical Resources Secures Exclusivity over Second Suriname Gold Project
Key points
- Critical Resources secures exclusivity over Greenstars Gold Project in Suriname
- Project located 35 km from Zijin's Rosebel gold mine
- Acquisition subject to renewal of mining right and government approval
- Project area has active artisanal gold mining
- Fieldwork and sampling to commence during exclusivity period
Full summary
Critical Resources Limited (ASX:CRR) has announced it has secured exclusivity to acquire a 90% interest in the Greenstars Gold Project, located in the Para District of Suriname. The project covers approximately 35 km² and is situated in the greenstone belt that hosts Zijin's Rosebel gold mine, which produced 5.65 Moz of gold between 2004 and 2021. The acquisition is part of Critical Resources' strategy to build a portfolio of gold projects in Suriname. The exclusivity period is 60 days, extendable by 30 days, during which Critical Resources will conduct fieldwork and sampling. The acquisition is subject to conditions precedent, including renewal of the mining right and approval from the Minister of Natural Resources.
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