GreenOre Gold is a private gold exploration company set up to focus on exploration upside and production opportunities in Europe. The team has recent experience in the expansion of the Dalradian gold deposit in Northern Ireland from 1m oz to over 3m oz. There has been a significant increase in interest in Ireland and Northern Ireland by exploration companies over the Dalradian Terrane; however Scotland has been overlooked. GreenOre Gold acquired high potential exploration ground on trend.

The company acquired a licence in Aberdeenshire on the Dalradian trend and is currently working up the opportunity. The team has also vast experience in mining exploration with the directors listing several companies on AIM including African Diamonds, Kenmare Resources, African Gold (later Mwana Africa) as well as Petrel Resources. The team is currently evaluating a number of high priority targets to incorporate them into the company portfolio.

GreenOre joined NR Private Market in early February 2020 seeking to raise £600,000 via the platform’s pool of sophisticated and high net worth investors.

Regrettably market conditions, exacerbated by the COVID19 pandemic, have remained challenging and so it is with regret that the GreenOre Board, in agreement and with the full support of MINEXIA, has decided to suspend the raise. Gavin Berkenheger, GreenOre’s CEO, emphasised that whilst the offer was halted, that initial engagement with investors has been encouraging and that with recent press coverage in Aberdeenshire, that he felt that interest was there but that sentiment was being knocked by the pandemic.

He hastened to add that this was affecting all exploration and development ventures but that their JV partnerships with Koza and Erris ensured that work would continue across their Scottish portfolio.

GreenOre Gold expects to re-launch their offer later in the year.

Corporate Strategy

The Scottish-Irish Gold Hosted Dalradian Supergroup

• Economic gold has been found in Ireland and Scotland, the most significant being Curraghinalt and Cavanacaw in Northern Ireland and Connonish in Scotland
• These deposits lie within the same geological trend: ‘The Dalradian Supergroup’
• The Dalradian Terrane is highly prospective for orogenic vein hosted gold mineralisation
• GreenOre geologists identified the North East of Scotland to have significant potential for gold mineralisation
  ‘A Crown Estate Option to a Mining Lease’ was obtained in 2013 by GreenOre surrounding an historic gold locality near in Aberdeenshire
• The Parthshire landholding was obtained in 2018 and also sits within this trend

Gold in the Southern Uplands

• Gold has been well known in the Southern Uplands for centuries, the most famous locality being at Leadhills, South Lanarkshire
• Following a review and investigation of all known gold occurrences in Scotland, a locality in South Ayrshire was identified as having significant potential for a large scale gold deposit

An Historic Gold Resource Revisited

• The ‘Kerry Road’ deposit has never had an official resource calculation despite over 9000m worth of drilling

Going Forward

• Further Drilling Ayrshire
• Develop new drill targets Aberdeenshire
• Resource calculation/metalurgy/prefeasibility Ross-shire
• Ground surveys to develop drill targets Perthshire
• Review and investigate other prospects in Scotland, with an eye on Europe