BROSSARD, QC, Jan. 7, 2025
/PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the
"Corporation") (TSX: GMIN) (OTCQX: GMINF) is pleased to
announce that it has received an interim environmental permit (the
"Interim Environmental Permit" or "IEP") from
Guyana's Environmental Protection
Agency ("EPA") in response to its Environmental Impact
Assessment ("EIA") and Environmental Impact Statement
("EIS") submissions (jointly, "ESIA") made in
November 2024 for the Corporation's
Oko West Gold Project ("Oko West" or the
"Project").
The IEP is valid for one year and, together with the "No
Objection" letter received from the Guyana Forestry Commission,
GMIN has fulfilled the requirements to initiate early works
construction activities.
GMIN intends to advance the following early works activities in
H1-2025:
- Barge Landing facility
- Main access road and internal roads
- Airstrip
- Permanent camp facility
- Water and sewage treatment plants
- Power generation and communication tower
"The approval of the Interim Environmental Permit
represents an important step in reaching a construction
decision for the Oko West Project,"
commented Louis-Pierre Gignac, President & CEO.
"The receipt of this permit supports a collaborative engagement
between Guyana's EPA, Forestry
Commission and nearby communities in Region 7 ensuring alignment
with GMIN's mine development activities in country. We
are excited to have the opportunity to commence early works
activities ahead of schedule and to grow the local team in
preparation for the main construction phase."
The public can access the Oko EIA and EIS submissions in the
National Library, University Library, the Regional Democratic
Council Region 7 office and on GMIN's website (Oko West Gold
Project page).
Following a 60-day comment period, EPA review of the submission,
disclosure meetings and publication of the final ESIA report, the
EPA will reach a decision with respect to the granting of the final
environmental permit for Oko West.
Looking ahead, additional development catalysts at Oko West
include:
- Commencement of early works (Q1-2025)
- Feasibility Study publication (Q2-2025)
- Full permit (Q2-2025)
- Formal construction decision (H2-2025)
- Continuation of detailed engineering (2025)
- Greenfield and brownfield exploration (2025)
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 Gold Project
in Guyana, both mining friendly
and prospective jurisdictions.
Additional Information
For further information on GMIN, please visit the website at
www.gmin.gold or contact:
Jessie Liu-Ernsting
Vice President, Investor Relations and Communications
647.728.4176
ir@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 beginning of site
preparation and early works construction activities at Oko West;
(ii) the enumerated activities to be advanced during H1-2025;
(iii) the quoted comments of GMIN's President & CEO;
(iv) the above-described steps under which the EPA will reach its
final decision (e.g., comment period, disclosure meetings);
(v) the above-listed development catalysts at Oko West;
and (vi) 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 ESIA 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) receiving the IEP and the "No
Objection" letter will guarantee the issuance of the final
environmental permit for Oko West, or (ii) GMIN will advance the
above-listed activities contemplated for H1-2025 on a timely basis,
or (iii) the above-listed development catalyst at Oko West will
materialize as contemplated, or (iv) the EPA process to issue and
deliver the final environmental permit for Oko West will unfold as
contemplated, or (v) more generally, GMIN will achieve its stated
objectives for TZ and Oko West or use TZ and Oko West to grow
GMIN into the next mid-tier precious metals 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
(i) Annual Information Form of G Mining TZ Corp. (then known as G
Mining Ventures Corp.) dated March 27,
2024, for the financial year ended December 31, 2023, (ii) Annual Information Form
of G Mining Guyana Corp. (then known as Reunion Gold Corporation)
dated April 25, 2024, for the
financial year ended December 31,
2023, and (iii) 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