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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

Centurion Minerals options Limestone property

By The Northwire Desk — AI Analysis Mar 26, 2026 · 18:43 CTN · 0.05 Centurion Minerals Ltd.
CTN · Price

Executive Summary

  • Centurion Minerals Ltd. executed a six-year option agreement to earn a 100% interest in the 3,548-hectare Limestone gold project in Suriname, strategically located near Zijin Mining's Rosebel and Saramacca mines.
  • The earn-in requires a total of $1,000,000, comprising $500,000 in cash payments and $500,000 in exploration expenditures spread over six years.
  • The project carries a 2% Net Smelter Return (NSR) royalty, with an option to purchase 1% NSR for $1,000,000, and will be explored by a Suriname-based team led by Dr. Dennis J. LaPoint.

Key Details

  • Transaction Structure: Six-year option to purchase agreement to earn 100% interest in the Limestone gold project.
  • Cash & Exploration Payments: Total of $1,000,000 required, structured as follows:
  • $30,000 cash within 30 days of effective date
  • $40,000 cash + $50,000 exploration on 1st anniversary
  • $50,000 cash + $75,000 exploration on 2nd anniversary
  • $50,000 cash + $75,000 exploration on 3rd anniversary
  • $60,000 cash + $100,000 exploration on 4th anniversary
  • $70,000 cash + $100,000 exploration on 5th anniversary
  • $200,000 cash + $100,000 exploration on 6th anniversary
  • Royalty Terms: 2% NSR royalty retained by optionors; company holds right to purchase 1% NSR for $1,000,000.
  • Project Location & Size: 3,548 hectares in Suriname, less than 4 hours from Paramaribo, crossing the Saramacca River.
  • Geological Context: Situated in the prolific Guiana Shield's Marowijne greenstone belt, known for orogenic gold systems. Historical and active small-scale mining indicates gold presence.
  • Strategic Shift: Company terminated the Casa Berardi property option agreement to concentrate exploration and development efforts in Suriname, with plans to acquire additional prospective gold concessions in the region.
  • Exploration Team: Led by Dr. Dennis J. LaPoint, PhD, PGeo, an independent qualified person with 26+ years of experience in Suriname, who previously led the geological team that discovered Newmont's Merian mine.
  • Licensing: Project maintains an exploitation licence granted to current concession holders in 2025.
Read the original news release →

More from Centurion Minerals Ltd.

Nov 03, 2026 · 11:30

Centurion to Resume Trading and Provides Update on Option to Acquire the Brothers Gold Project, Suriname

M&A / Property Sep 10, 2026 · 07:01

Centurion’s Suriname Limestone project yields 85% positive alluvial gold samples.

Drill Results Aug 24, 2026 · 14:32

Centurion targets a Merian-adjacent gold asset in Suriname despite facing severe liquidity constraints.

M&A / Property Jul 20, 2026 · 07:01

Centurion advances its Suriname Gold Project into the field phase while navigating a liquidity crunch.

Drill Results Jun 30, 2026 · 17:01

Centurion secures $1m funding to advance its Suriname gold project amid liquidity constraints.

Financings Jun 23, 2026 · 18:20

Centurion secures $1 million to fund gold exploration in Suriname as part of its ongoing debt restructuring efforts.

Financings