G Mining Ventures Secures Interim Environmental Permit for Oko West Gold Project in Guyana
G Mining Ventures Corp., trading as GMIN on the TSX and OTCQX, has recently achieved a significant milestone by obtaining an interim environmental permit from the Environmental Protection Agency (EPA) of Guyana for its Oko West Gold Project. This permit comes as a result of the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) that the company submitted in November 2024. With this permit valid for one year, GMIN is gearing up to advance early construction works which are expected to commence in the first half of 2025.
The interim environmental permit, also known as the IEP, is a crucial step for GMIN as it allows the company to initiate various early works activities effectively. The activities planned for early 2025 include the establishment of a barge landing facility, the construction of main access roads, the development of an airstrip, creating a permanent camp facility, and setting up water and sewage treatment plants along with a power generation and communication tower.
Louis-Pierre Gignac, President and CEO of G Mining Ventures Corp., expressed that the approval for the permit signifies an important advancement towards making a construction decision for the Oko West Project. The collaboration between the EPA, the Forestry Commission of Guyana, and local communities in Region 7 has been instrumental in ensuring the project's compliance with environmental standards. This collaborative effort positions GMIN favorably as it prepares to begin its activities ahead of schedule, which also includes boosting its local workforce ahead of the main construction phase.
The public can access the Oko West EIA and EIS submissions across various platforms, including the National Library, the University Library, Regional Democratic Council offices, and GMIN's official website. The EPA's review process will include a 60-day comment period along with disclosure meetings before reaching a final decision regarding the full environmental permit for the Oko West Project.
Looking toward the future, G Mining Ventures has laid out a timeline for upcoming developments at Oko West. By the second quarter of 2025, a feasibility study is set to be published, alongside the expected granting of the full environmental permit. Furthermore, GMIN is planning to make a formal construction decision in the second half of 2025 and continue detailed engineering work throughout the year. Exploration activities will also be on the table, as both greenfield and brownfield exploration projects are anticipated for 2025.
G Mining Ventures Corp. is actively engaged in mining ventures focused on acquiring and developing precious metal projects. With a strategy aimed at capitalizing on the value derived from successful mine development, GMIN benefits from a robust financial foundation and a proven track record in project development. Currently, the company is anchored by two key projects: the Tocantinzinho Gold Mine in Brazil and the Oko West Gold Project in Guyana, both recognized for their mining-friendly environments and potential for growth.
As G Mining Ventures continues to grow and progress in its development plans, the upcoming stages of the Oko West Project could position the company as a mid-tier player in the precious metals sector, leveraging its substantial capital access and expertise in mining operations.
The interim environmental permit, also known as the IEP, is a crucial step for GMIN as it allows the company to initiate various early works activities effectively. The activities planned for early 2025 include the establishment of a barge landing facility, the construction of main access roads, the development of an airstrip, creating a permanent camp facility, and setting up water and sewage treatment plants along with a power generation and communication tower.
Louis-Pierre Gignac, President and CEO of G Mining Ventures Corp., expressed that the approval for the permit signifies an important advancement towards making a construction decision for the Oko West Project. The collaboration between the EPA, the Forestry Commission of Guyana, and local communities in Region 7 has been instrumental in ensuring the project's compliance with environmental standards. This collaborative effort positions GMIN favorably as it prepares to begin its activities ahead of schedule, which also includes boosting its local workforce ahead of the main construction phase.
The public can access the Oko West EIA and EIS submissions across various platforms, including the National Library, the University Library, Regional Democratic Council offices, and GMIN's official website. The EPA's review process will include a 60-day comment period along with disclosure meetings before reaching a final decision regarding the full environmental permit for the Oko West Project.
Looking toward the future, G Mining Ventures has laid out a timeline for upcoming developments at Oko West. By the second quarter of 2025, a feasibility study is set to be published, alongside the expected granting of the full environmental permit. Furthermore, GMIN is planning to make a formal construction decision in the second half of 2025 and continue detailed engineering work throughout the year. Exploration activities will also be on the table, as both greenfield and brownfield exploration projects are anticipated for 2025.
G Mining Ventures Corp. is actively engaged in mining ventures focused on acquiring and developing precious metal projects. With a strategy aimed at capitalizing on the value derived from successful mine development, GMIN benefits from a robust financial foundation and a proven track record in project development. Currently, the company is anchored by two key projects: the Tocantinzinho Gold Mine in Brazil and the Oko West Gold Project in Guyana, both recognized for their mining-friendly environments and potential for growth.
As G Mining Ventures continues to grow and progress in its development plans, the upcoming stages of the Oko West Project could position the company as a mid-tier player in the precious metals sector, leveraging its substantial capital access and expertise in mining operations.
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