Greenheart Gold (TSXV:GHRT) - 2,000m Drilling Commences at High-Grade Tosso Creek Gold Project

Interview with Justin van der Toorn, President and CEO, Greenheart Gold Inc.

Our previous interview: https://www.cruxinvestor.com/posts/greenheart-gold-tsxvghrt-multi-asset-drill-program-drives-newsflow-in-2026-9693

Recording date: 3rd September 2026

Greenheart Gold Inc. (TSXV:GHRT; OTCQX:GHRTF) is an exploration company built on the technical legacy of Reunion Gold, the team credited with discovering and delineating the multi-million-ounce Oko West deposit in Guyana. That background shapes the company's current strategy in the Guiana Shield, a gold-prospective but still relatively underexplored terrain spanning Guyana and Suriname: move quickly from geochemical sampling through trenching to drilling, and run several projects in parallel rather than concentrating resources on a single target.

Greenheart currently has three active projects in Suriname. Tosso Creek, the subject of this interview, is the newest and most remote, comprising four target areas: Maconia, Swalanga, Walaba and Sevil. A 2,000-metre diamond drilling programme has now commenced at Walaba, following up broad trench intervals including 52.0 m at 0.77 g/t Au and a higher-grade zone of 7.0 m at 4.57 g/t Au. Drilling at the recently identified Swalanga target, roughly 1 km east, is planned to follow; trenching there has already returned 56.0 m at 0.9 g/t Au. CEO Justin van der Toorn described the current drilling as a first test of whether near-surface mineralisation continues at depth, and what structural or lithological controls govern the higher-grade zones observed within the broader mineralised envelope.

The company's two more advanced Suriname projects, Igab and Majorodam, sit closer to existing regional operations and require a lower threshold of discovery to justify continued work, according to management. At Igab, a maiden drill programme returned 7.0 m at 5.82 g/t Au at the Koela target, and the company is now integrating those results with core relogging and structural mapping ahead of a planned drill test at the Cannibal Creek target. At Majorodam, a 160-hole, 11,748-metre RC programme is largely complete, though roughly 35% of assay results remain outstanding due to laboratory delays in Paramaribo; a full project review is planned once all results are received.

Management cited a cash position of approximately $85 million following the company's recent financing, which it says supports simultaneous drill programmes across all three projects without requiring near-term additional capital. Van der Toorn was explicit that this comes with a discipline requirement: avoiding over-drilling any single project ahead of its stage of geological understanding, and ensuring capital committed to the ground translates directly into results.

For investors, the near-term catalysts are concrete and sequential: assay results from the first Tosso Creek holes, the outstanding Majorodam RC results, and the refined targeting expected from Igab's ongoing core relogging and structural work. None of the three projects yet carries a defined mineral resource, and reported intervals are sampling lengths rather than true widths, so the eventual investment case depends on converting today's broad, low-grade trench and drill intercepts into demonstrated depth and grade continuity. Suriname's wet season and reliance on Paramaribo-based assay laboratories are recurring, if manageable, sources of scheduling and reporting delay across all three projects.

Learn more: https://www.cruxinvestor.com/companies/greenheart-gold

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