G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has achieved a pivotal milestone in the development of its Gurupi Gold Project in Brazil. A Brazilian federal court's decision to annul outdated 2011 permits related to the project has effectively closed a longstanding public civil action. This ruling not only eliminates legacy permitting risks but also allows the company to initiate a new environmental licensing process, marking a significant step forward in the disciplined development of the district-scale asset.
The Gurupi Gold Project, encompassing approximately 1,900 km², boasts substantial gold resources, with 1.83 million ounces (Moz) of indicated and 0.77 Moz of inferred resources. The removal of regulatory barriers enables G Mining Ventures to proceed with its planned USD $2–4 million exploration program in 2025. Furthermore, the company has reaffirmed its broader strategic objectives, which include advancing environmental permitting and making a construction decision at the Oko West project later this year.
This development is crucial for G Mining Ventures Corp. as it underscores the company's ability to navigate complex regulatory environments and reinforces its commitment to responsible mining practices. The progress at the Gurupi Gold Project not only enhances the company's portfolio but also contributes to the broader mining sector's growth in mining-friendly jurisdictions like Brazil and Guyana. For more details on the announcement, visit https://ibn.fm/Ii8YE.
