en.Wedoany.com Reported - The Canadian gold exploration company Greenheart Gold has recently received a significant capital injection. The La Mancha Resource Capital Fund announced a C$50 million investment, purchasing 50 million shares at C$1 per share. Upon completion of the transaction, its shareholding will increase from 4.6% to 19.9%, making it the company's largest single shareholder. Following the announcement, Greenheart Gold's stock opened higher on the Toronto market. Headquartered in London, UK, the La Mancha Resource Capital Fund is an investment advisory firm specializing in precious metals and energy transition metals. Greenheart Gold will continue to advance its gold exploration projects in the Guiana Shield of South America.
Greenheart Gold's Majorodam project is the key asset of focus in this investment. Located approximately 130 kilometers south of Suriname's capital, Paramaribo, and 12 kilometers south of Zijin Mining's Saramacca deposit, the project is a priority. The company was spun off from the business combination of G Mining Ventures and Reunion Gold on July 15, 2024, and is listed on the TSX Venture Exchange in Canada. The funds injected by the La Mancha Resource Capital Fund will be used to support the company's exploration activities in Suriname, an area increasingly becoming a hotspot for regional gold exploration.
La Mancha Resource Capital Fund's focus on the Guiana Shield is not an isolated move. In early March 2026, the fund had already increased its stake in G Mining Ventures to 19.9% by investing approximately C$427 million to purchase shares. G Mining Ventures is advancing the Oko West gold project in Guyana, aiming to achieve an annual production of 500,000 ounces of gold by 2028. La Mancha Resource Capital Fund also holds approximately 19% of Brazil's Belo Sun Mining and over 10% of Endeavour Mining. The fund manages approximately US$2.9 billion in mining assets and is led by Egyptian entrepreneur Naguib Sawiris, known for holding significant minority stakes in mid-tier producers.
Greenheart Gold recently achieved positive results from drilling at its Majorodam project. In the second phase diamond drilling program completed in mid-December 2025, drill hole D-014 intercepted a 15.3-meter section grading 3.72 grams of gold per tonne from a depth of 60.7 meters in the Heuvel West target area, including an 8-meter high-grade section grading 6.57 grams per tonne. Another drill hole, D-013-W1, intercepted a 6-meter section grading 3.04 grams of gold per tonne. Additionally, a new area named Gowtu was discovered in the northwest part of the project, where soil sampling identified a gold anomaly zone measuring approximately 800 by 1500 meters. Greenheart Gold plans to initiate a 10,000-meter reverse circulation drilling program to expand the significant mineralization recently identified at the Heuvel West and East target areas. The company operates three projects in Suriname: Majorodam, Igab, and Tosso Creek. The Igab project has become a priority target due to high-grade trenching results (Koela East returned 12 meters at 4.82 grams per tonne gold, Koela West returned 11 meters at 9 grams per tonne gold). Jack Lunnon, Technical Director of the La Mancha Resource Capital Fund, stated that Greenheart stands out for its strong ground relationships, access to highly prospective geology, and its rigorous approach to exploration and capital allocation.
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