#Canada #G Mining #Brossard #mineral resources #Gurupi Project

G Mining Ventures Reports Year-End 2024 Mineral Resource Growth

G Mining Ventures Corp. (GMIN) has made headlines by announcing significant updates regarding its mineral reserves and resources for the year-ending 2024. This report showcases a remarkable 295% growth in its consolidated mineral resources, reaching a staggering total of 8.28 million ounces (Moz) of indicated resources and 2.40 Moz of inferred resources. This growth is a testament to the company's ongoing commitment to exploring and developing its projects effectively.

Overview of the Mineral Resources Update

The recent report outlined the following highlights regarding GMIN's mineral resources:
- Consolidated Mineral Resources: 8.28 Moz, recorded as measured and indicated resources based on extensive drilling.
- Inferred Resources: 2.40 Moz with a notable increase from previous figures.
- Proven and Probable Reserves: 2.03 Moz, maintaining a strong position for future mining operations.

Tocantinzinho Gold Mine

The Tocantinzinho Gold Mine has also reported positive outcomes following its first year of operation. The company successfully replaced mineral reserves, with current figures showing 2.03 Moz, indicating a healthy sustainability trajectory for the mine. In 2024, a total of 73,000 ounces were processed and stockpiled, demonstrating the operational efficiency and gold yield from the mine.

Highlights from the Gurupi Project

One of the most significant developments is the updated mineral resource estimate for the Gurupi Project, which now stands at 1.83 Moz of indicated resources and 0.77 Moz of inferred resources. The Gurupi Project spans approximately 2,100 square kilometers and incorporates three deposits, namely Blanket, Contact, and Chega Tudo. The mineral resource estimate (MRE) is grounded in a comprehensive assessment backed by 715 diamond drill holes and 220 reverse circulation holes.

This project displays great promise with further exploration activities planned, including machine-learning-based core relogging and high-resolution surveys, all aimed at validating historical gold findings and pinpointing new targets.

Oko West Project’s Exploration Efforts

Additionally, the Oko West Project has showcased positive results from extensive infill drilling, which totaled 49,000 meters in 2024. Awash with invaluable data, these results are projected to aid in converting inferred resources into indicated reserves, as the upcoming feasibility study scheduled for Q2 2025 takes shape.

2025 Strategic Goals

G Mining Ventures has laid out strategic goals for 2025, focusing on reaching nameplate capacity at the Tocantinzinho site, advancing early works at Oko West, and completing a comprehensive feasibility study presentation. Moreover, the corporation aims to engage in greenfield and brownfield exploratory initiatives to enhance its mineral inventory continually.

Industry Position and Outlook

G Mining Ventures Corp. is strategically working to bolster its stance as a potential mid-tier precious metals producer. Its array of projects in Brazil and Guyana creates solid opportunities for growth and profitability in the competitive mining sector. As the company eyes future developments, stakeholders and investors eagerly await further insights into operational outputs and financial planning through forthcoming updates scheduled for March 28, 2025.

The commitment to expanding mineral resources underscores GMIN’s viable long-term operational strategy. As the company continues to explore vast mineral reserves, its position among leading mining corporations remains solid and ambitious.

For more details, investors can refer to the full technical report that will be filed on SEDAR+ within 45 days of the release. This transparency reinforces G Mining's dedication to thorough mineral disclosure and compliance with industry standards.