Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Sranan Gold Corp. (CSE: SRAN) (FSE: P84) ("Sranan" or the "Company") announces that it has received assays from sampling at the Tapanahony Gold Project in Suriname. All of the 25 grab samples collected by Sranan are anomalous in gold with the highest grades recording 108 grams per tonne (g/t) and 84 g/t (see Figures 1 and 2). 15 of the 25 samples graded greater than 1 g/t. The highest-grade gold samples are along the Poeketi structure and cover an exposed strike length of over 400 meters (see Figure 2).
The sampling has been concentrated at the Poeketi mines area of the Poeketi-Randy gold trend (see Sranan's April 1, 2025 news release). Multiple mines are opened along the 4.5-kilometer gold trend and are being mined by members of the local community. The Poeketi mines were discovered in 2020 after a local resident found gold nuggets while planting crops. Initial mining was at the surface where coarse visible gold was encountered, and now local miners are engaged in underground mining via two active shafts to a depth of 22 and 80 meters. They are extending development to the northwest where there is a thicker cover of weathered material (see Figure 1).
Figure 1: Looking northwest along strike of underground workings along the Poeketi structural zone.
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Figure 2: High-grade grab samples of vein material being mined by small-scale miners.
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At the Poeketi mines, gold is associated with multi-stage shearing and re-crystallization within a major fault system. Multiple fault fill veins, sheared and transposed extensional veins have been mapped and sampled within basaltic to volcanoclastic units proximal to a property-scale granitic contact, perhaps similar in setting to the Oko West gold discovery in northwest Guyana.
Concurrently, crews are working on drill camp construction using local materials and deploying equipment. The technical team will continue mapping and sampling of the Poeketi mine extension to properly plan for the upcoming drill program. This work will be extended along the 4.5-kilometer Poeketi-Randy trend and extensions of this trend.
Dr. Dennis LaPoint, EVP Exploration and Corporate Development of Sranan Gold, commented: "These results have exceeded our expectations. The high-grade nature of the mineralization and the complex structural setting are indicative of a potentially significant mineralizing system. These grab sample results, along with recent mapping, are advancing our understanding of the mineralization as well as the lithologic and structural controls, which will be key during our upcoming drilling program and to extend the Poeketi trend to areas covered by laterite."
Samples were shipped to the Filab lab in Suriname. All samples >2 g/t were re-assayed with 50 gm re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Grab samples indicate promising evidence of high-grade gold. Channel sampling, trenching and drilling are the steps to determine average grade and thickness. The Company notes that grab samples are selected samples and may not represent true underlying mineralization.
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.
Sranan Gold is also exploring its Aida Property consisting of five mineral claims covering an area of 2,335.42 hectares on the Shuswap Highland within the Kamloops Mining Division.
For more information, visit sranangold.com.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company's exploration plans and results. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
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