G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana
G Mining Ventures Files NI 43-101 Technical Report for the Oko West
Gold Project in Guyana
BROSSARD, QC
,
Oct. 15, 2024
/CNW/ -
G Mining Ventures Corp.
("
GMIN
" or the "
Corporation
") (TSX: GMIN) (OTCQX: GMINF) today
announced that the Corporation has filed a National Instrument 43-101
Standards of Disclosure for Mineral Projects
("
NI 43-101
") Preliminary
Economic Assessment ("
PEA
") technical report for GMIN's 100% owned Oko West gold project in
Guyana
, with an effective date of
September 4,
2024
(the "
Report
"). Report results were previously announced in GMIN's
news release dated
September 9, 2024
.
G Mining Services Inc. was responsible for the overall Report and PEA coordination, property description and location, accessibility, history, mineral
processing and metallurgical testing, mineral resource estimation, mining methods, recovery methods, project infrastructures, operating costs, capex,
economic analysis and project execution plan.
The Qualified Persons ("
QPs
"), as defined under NI 43-101, are
Paul Murphy
, P. Eng. having overall responsibility for the Report including capital and
operating costs;
Neil Lincoln
, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs;
Christian Beaulieu
,
MSc, P. Geo, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate;
Alexandre Burelle
, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis; and
Derek Chubb
, P. Eng., of ERM Consultants Canada Ltd., is responsible for the environment and permitting aspects.
The Report is available on SEDAR+ (
www.sedarplus.ca
) and on GMIN's website (www.gmin.gold).
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious
metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals
producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Mine ("
TZ
")
in
Brazil
and Oko West Project in
Guyana
, both mining friendly and prospective jurisdictions.
Additional Information
For further information on GMIN, please visit the website at
www.gmin.gold
.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking
statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release.
Forward-looking statements contained in this press release include, without limitation, those related to (i) the conclusions of the PEA; and
(ii) more
generally,
the section entitled "About G Mining Ventures Corp.".
Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements
are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such
statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and
assumptions may prove to be incorrect. Such
assumptions include, without limitation, those relating to the price of gold and currency exchange
rates, those outlined in the PEA and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.".
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those
expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its
stated objectives for -TZ and Oko West, or (ii) use TZ and Oko West to grow GMIN into the next intermediate producer, as future events could differ
materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that
Brazil
and/or
Guyana
will remain mining
friendly and prospective jurisdictions.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates,
forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-
looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers
are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause
the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions
expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary
statements and those made in the Corporation's other filings with the securities regulators of
Canada
including, but not limited to, the cautionary
statements made in the relevant sections of the Corporation's (i) Annual Information Form dated
March 27, 2024
, for the financial year ended
December 31, 2023
, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future
results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update
or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking
statements, except to the extent required by applicable law.
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SOURCE
G Mining Ventures Corp
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For further information:
Jessie Liu-Ernsting, Vice President, Investor Relations and Communications, 647.728.4176, [email protected]
CO: G Mining Ventures Corp
CNW 07:00e 15-OCT-24