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Canadian firm inks deal to acquire almost 5,000 acres of mining lands in Guyana
(Kaieteur News) – Alerio Gold Corp. has entered into a binding letter of intent to acquire a 100 per cent interest in the Aurora NW gold project in Guyana.
The letter of intent, dated December 3, 2025, provides the Canadian firm with an option to acquire full ownership of the Aurora NW property, which comprises four Prospecting Permits Medium Scale (PPMS) under Guyana’s Mining Act. The permits cover a total area of 4,799 acres, or 1,942 hectares, in the Cuyuni–Mazaruni district, Region Seven.
The Aurora NW property is located within the Cuyuni greenstone belt of the Guiana Shield, an area considered prospective for gold mineralisation. It lies approximately three kilometres from the Aurora Gold Mine concessions and about seven kilometres from the Aurora mine itself, the largest active gold mine in Guyana, which is owned and operated by Zijin Mining Group Corporation.
Highlighted area shows mining lands to be acquired by Canadian firm.
Alerio Gold is a mineral exploration and development company in the business of acquiring, and exploring gold properties, with a focus in Guyana, South America. The company currently has 100-per-cent interest in two properties located in Guyana.
According to Alerio, the geological setting of the area includes metamorphosed volcanic and sedimentary rocks intruded by granitic and tonalitic bodies, and affected by strong deformation and greenschist-facies metamorphism.
Under the terms of the letter of intent (LOI), Alerio will have the option to acquire a 100 per cent interest in the property over a three-year period. The consideration includes US$50,000 in cash, of which US$10,000 is payable upon signing the LOI and the balance upon execution of the definitive agreement, along with an additional US$50,000 payable six months after the effective date.
The transaction also includes the issuance of two million common shares to the vendor on the effective date.
In addition, a net smelter royalty (NSR) will be granted based on annual production levels as defined under the Guyana Mining Act and its applicable regulations, comprising a 1.5% NSR on large-scale production, and a 5.0% NSR on both medium-scale and small-scale production. The company retains the right to repurchase the NSR for a total of US$500,000, calculated at US$125,000 per permit across four permits.
The company said it is also negotiating potential additional acquisitions in neighbouring areas and is preparing a geological work programme for the first half of 2026.
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Our natural resources
I worked on the Terra/Survair photogrammetry project that mapped Guyana 1968/69. I have great memories of that adventute as a remote operator of temporary microwave towers used to establish distances in rain forest areas.