M&A / Property
Sranan Gold Acquires Lawantino Gold Project Situated Along the Prolific Antino-Sela Creek Trend, Suriname
SRAN · Price
Executive Summary
- Sranan Gold Corp. entered into an option agreement to acquire up to 100% of the 18,468‑hectare Lawantino Gold Property in southeastern Suriname.
- The earn‑in requires total cash payments of US$1.9 M, issuance of 1.8 M common shares, and US$1.7 M of exploration expenditures over five years; upon completion the vendor retains a 10% interest and a 2% NSR royalty (repurchasable for US$3 M).
- Initial sampling returned significant gold grades (4.24 g/t and 1.88 g/t Au) and extensive artisanal alluvial mining, enhancing Sranan’s 47,500‑hectare Suriname land package along the Central Guiana Shear Zone.
Key Details
- Property Size & Location: 18,468 ha Lawantino Gold Property; situated on the Central Guiana Shear Zone (CGSZ) adjacent to Founders Metals’ Antino and Miata Metals’ Sela Creek projects.
- Earn‑In Obligations (Total):
- Cash: US$1,900,000
- Shares: 1,800,000 common shares issued to vendor
- Exploration work commitments: US$1,700,000
- Milestone Payment Schedule:
| Milestone | Cash ($) | Shares Issued | Work Commitment ($) |
|---|---|---|---|
| Signing | 100,000 | – | – |
| Within 14 days of BA Date | 150,000 | – | – |
| 6‑month anniversary | 250,000 | – | 150,000 |
| 1‑yr anniversary | 200,000 | 200,000 | 250,000 |
| 2‑yr anniversary | 150,000 | 150,000 | 250,000 |
| 3‑yr anniversary | 200,000 | 200,000 | 350,000 |
| 4‑yr anniversary | 250,000 | 250,000 | 300,000 |
| 5‑yr anniversary | 600,000 | 400,000 | 400,000 |
- Vendor Retention: After earn‑in, vendor holds 10% of the property and a 2% NSR royalty (repurchasable for US$3 M).
- Exploration Program: Integration of artisanal mining data with satellite interpretation, geological mapping, geochemical sampling, and structural analysis to prioritize trenching and drilling targets.
- Assay Results: Two saprolite samples from quartz veins returned 4.24 g/t Au and 1.88 g/t Au.
- Technical Partner: Auracle Geospatial Science Inc. provided MUD® SAR remote‑sensing analysis showing increased fracture density correlated with artisanal mining zones.
- Qualified Person: Dr. Dennis J. LaPoint, Ph.D., P.Geo., EVP of Exploration and Business Development (not independent).
Notable Quotes
- “The Lawantino acquisition is a strategic addition to our Suriname exploration portfolio…Lawantino fits well with our disciplined growth strategy.” – Oscar Louzada, CEO
- “I am very excited about this new acquisition along the same structural trend of the CGSZ…” – Dr. Dennis LaPoint, EVP of Exploration and Business Development
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Jun 09, 2026 · 07:16