#Brazil #Brossard #G Mining Ventures #Gurupi Gold Project

G Mining Ventures Update on Gurupi Project Licensing

G Mining Ventures Corp., a mining company based in Brossard, Quebec, has made significant strides in the licensing process for its Gurupi Gold Project located in Brazil. The recent ruling from the 8th Federal Environmental and Agrarian Court has effectively resolved a lengthy permitting dilemma that has haunted the project since 2013.

Court Ruling Overview

For over a decade, Public Civil Action No. 0047389-17.2013.4.01.3700 had been open, posing challenges due to licensing issues stemming from previous operators. The court’s decision annulled the preliminary and installation licenses that were originally issued in 2011. This pivotal ruling allows G Mining Ventures to initiate a new environmental licensing process that aligns with current regulatory requirements, setting the stage for the future development of Gurupi.

Legal Clarity Achieved

As stated by Louis-Pierre Gignac, the President and CEO of G Mining Ventures, this ruling represents a critical moment for the Gurupi Project. It removes previous regulatory constraints and provides a clear regulatory path, reaffirming the company’s confidence in advancing their project. The legal certainty gained from this ruling opens the door for GMIN to engage in focused exploration and constructive stakeholder interactions.

Key Outcomes

The court's decision presents two major developments:
1. Legacy Risks Eliminated: The annulment of the 2011 licenses clears G Mining from historical legal and permitting liabilities, hence removing the substantial barriers that hindered asset development.
2. Permitting Process Reinitiated: G Mining can now proceed with a comprehensive environmental licensing process, which includes delivering a full Environmental Impact Assessment (EIA) and obtaining necessary approvals from the National Institute for Colonization and Agrarian Reform (INCRA).

Strategic Plans for Gurupi

With regulatory barriers diminishing, G Mining Ventures is prepared to implement a structured, multi-year exploration initiative that includes environmental studies and continuous stakeholder engagement. The extensive land package of approximately 1,900 km² for the Gurupi project will be essential for both greenfield and brownfield exploration targets, thereby supporting the company’s long-term growth objectives.

The latest mineral resource estimate (MRE) for Gurupi, published on February 20, 2025, reveals a promising outlook:

• - Indicated Mineral Resources: 1.83 million ounces (43.5 Mt @ 1.31 g/t Au)
• - Inferred Mineral Resources: 0.77 million ounces (18.5 Mt @ 1.29 g/t Au)

These resources are distributed across three major deposits: Blanket, Contact in the Cipoeiro area, and Chega Tudo, all of which have significant potential for expansion both along strike and at depth.

Future Exploration and Budget

For the year 2025, G Mining Ventures has allocated an initial exploration budget between USD $2 to $4 million. This budget will focus on regional soil sampling, trenching, and mapping activities, in addition to employing a machine-learning core logging system designed to maximize the value obtained from historical drillholes. Following the acquisition of the needed exploration permits, GMIN plans to further mobilize resources for enhanced exploration efforts in the latter half of the year.

Outlook for 2025

As G Mining Ventures progresses through 2025, the following key activities are outlined:

• - Finalizing the environmental permit for the Oko West project by early Q3 2025.
• - Making critical financing and construction decisions for Oko West in the second half of 2025.
• - Continuing both greenfield and brownfield exploration projects at Tocantinzinho, Oko West, and Gurupi throughout the year.

Company Background

G Mining Ventures Corp. is dedicated to the acquisition, exploration, and development of precious metal projects. Given its current projects, particularly the TZ Gold Mine in Brazil and the promising Oko West Gold Project in Guyana, GMIN is positioned for growth as a mid-tier producer of precious metals.

For further information regarding G Mining Ventures, visit their official website at www.gmin.gold. The company encourages stakeholders to stay informed about ongoing developments in both Gurupi and Oko West projects as they strive towards effective operational frameworks and successful mining endeavors.

Cautionary Note

As with any forward-looking statements, the outcomes of these developments are contingent upon various factors, including market conditions and regulatory processes. Thus, stakeholders should be cautious and not place excessive reliance on the projections and statements made by G Mining Ventures, which are subject to risks and uncertainties reflecting industry conditions and evolving regulatory landscapes.