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
