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Nov 09, 2026 News
(Kaieteur News) – Canadian mining company Lighthouse Gold Inc. has completed the acquisition process of the Mariwa–Sardine Hill–Lower Cuyuni gold property – making it the company’s second gold project in Guyana.
In a 5thNovember announcement the company said following acceptance of the transaction by the Canadian Securities Exchange (CSE), it was able to finalise the acquisition of the gold property located in the Oko district.
The company said it paid the vendor US$150,000 in cash and issued 35 million common shares, at C$0.185 per share, representing an aggregate deemed value of C$6.475 million. The payment was made in addition to a US$100,000 non-refundable deposit previously paid under a letter of intent between the company and the vendor.
The property comprises three medium scale mining permits covering an aggregate of approximately 3,240 acres or 13 square kilometers (km2) in the Cuyuni-Mazaruni region of Guyana. The property is located within the highly prospective Oko Gold District – an area where other Canadian firms are developing large-scale gold projects.
查看配图：Lighthouse completes acquisition of second gold project in Guyana
A map showing the location of Mariwa-Sardine Hill Gold Project
It should be noted that the property is at an early exploration stage and no mineral resources or mineral reserves have been established.
The permits were originally granted on 4th November, 2015, for five-year terms and have since been renewed by the Guyana Geology and Mines Commission (GGMC). Lighthouse said the permits are currently in good standing.
Notably, the transfer of the mining permits upon exercise of that option remains subject to approval by the GGMC and/or the Minister of Natural Resources.
Kaieteur News had previously reported that Lighthouse, under a definitive agreement announced on 20th October, 2026, secured the exclusive right to acquire a 100% interest in the Mariwa–Sardine Hill property. The agreement followed the company’s previously announced letter of intent and represented a step towards establishing an exploration portfolio within the Guiana Shield.
Historical exploration on the property included drilling, trenching, geochemical sampling and geophysical work. The property also includes a 10-kilometre Area of Interest provision, which the company said could support additional district-scale growth opportunities.
Earlier this year, Lighthouse entered into a definitive option agreement to acquire 100% interest in another project, Aurora NW property, consisting of associated mineral rights, permits and claims.
Since finalising the agreement for the Aurora property, the company has been preparing the ground for exploration, including assembling a local operational team and logistical support to execute field activities. In May, the company announced that it has moved from acquisition to active exploration at its Aurora NW gold project, commencing phase one of its exploration programme at the project which consists of four prospecting permits totalling 19.4 km2 in the Cuyuni–Mazaruni district.
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