The Chinese translation is being made; the original is shown for now.
Oct 26, 2026 News
…to pay US$1.7M more to acquire 100% interest
(Kaieteur News) – Canadian firm G3 Goldfields Inc. last week filed an independent technical report for its Puruni Project, which consists of 24 mining permits covering 32,771 acres of mining lands in Region Seven (Cuyuni-Mazaruni).
G3 filed the report following confirmation from the Canadian Securities Exchange (CSE) that all listing conditions had been satisfied, with its shares scheduled to trade under the symbol “GTRE” from today, October 26, 2026.
G3 Goldfields Inc. was spun-out of G2 Goldfields Inc. in July 2026, following its C$3 billion acquisition by G Mining Ventures Corp. (GMIN) to acquire its Oko-Ghanie project.
查看配图：G3 Goldfields files report for 32,000 acres Puruni gold properties
The report, titled “NI 43-101 Technical Report for the Puruni Project, Cuyuni-Mazaruni Region, Guyana, South America”, was prepared by Micon International Limited and outlines the properties held by the company, the arrangements through which it acquired interests in the mining permits and the financial obligations attached to some of those interests.
The Puruni Project comprises three groups of properties: Peters Mine, Tiger Creek and Property B. According to the report, G3 has the option to pay about US$1.7 million more to secure 100% interests for the Property B and Tiger Creek properties.
Property B accounts for the largest portion, with 19 medium-scale mining permits covering 20,739 acres. Peters Mine comprises one permit covering 8,346 acres, while Tiger Creek consists of four permits covering 3,686 acres.
The report details the financial arrangements through which the company is seeking to secure full interests in Tiger Creek and Property B, including outstanding option payments and also additional payments that may be required under the agreements.
查看配图：G3 Goldfields files report for 32,000 acres Puruni gold properties
A section of the Puruni property
For Tiger Creek, G2 Minerals (Guyana) Inc. entered into an option agreement on April 19, 2023, covering four medium-scale mining permits. The agreement required an initial payment equivalent to US$75,000, with an additional US$425,000 payable on or before April 15, 2027, to acquire a 100% interest in the properties.
The report states that US$300,000 had been paid to date. The property owner has also retained a 2% net smelter return (NSR) royalty, which G3 Goldfields can acquire for US$3 million.
Property B is subject to a separate option agreement entered into on February 11, 2025, covering 19 medium-scale mining permits. Under the agreement, an initial payment equivalent to US$250,000 was made, with additional payments totalling US$1.6 million required to acquire a 100% interest in the permits.
The agreement also entails that if an independent mineral resource estimate prepared under NI 43-101 identifies more than one million ounces of gold on the permits the payment would be calculated at US$5 for each indicated ounce estimated, for an amount that exceeds US$5 million minimum.
According to the report, the interests in Tiger Creek and Property B are held by G3 Gold Inc., while the Peters Mine interest is held by Ontario Inc. Both companies are incorporated in Guyana and are wholly owned by Oko Gold (Barbados) Inc., a subsidiary of G3 Goldfields.
Kaieteur News reported that the G3 Goldfields team has a proven legacy of discoveries and mine development in Guyana, involved in the discoveries of two major Guyana gold assets that were later sold at a combined US$2.4 billion.
With over 30 years of in-country experience, G3’s team is responsible for the discovery of over 11 million ounces of gold to date, which includes the Aurora Gold Mine that was acquired by AGM Inc. a subsidiary of Zijin Mining Group Co. Ltd., a Chinese state-owned mining giant in August 2020 and the Oko-Ghanie project that was acquired by GMIN this year.
In addition to the Puruni property, G3 also holds multiple drill-ready targets in the prolific Oko-Aremu gold belt. This publication had also reported that G3’s team said it is negotiating for additional land claims within the Oko-Aremu district.
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