G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has achieved a pivotal milestone for its Gurupi Gold Project in Brazil after a federal court annulled outdated 2011 permits, effectively closing a longstanding public civil action. This decision allows the company to initiate a new environmental licensing process, eliminating legacy permitting risks and facilitating the disciplined development of the district-scale asset. The Gurupi Gold Project encompasses approximately 1,900 km² and boasts 1.83 Moz of indicated and 0.77 Moz of inferred resources.
The company is now set to advance a USD $2–4 million exploration program in 2025, alongside progressing with environmental permitting and a construction decision at its Oko West Project later this year. This development underscores GMIN's commitment to leveraging its access to capital and development expertise to grow into a mid-tier precious metals producer. The Gurupi Gold Project, along with the Tocantinzinho Gold Mine in Brazil and the Oko West Project in Guyana, positions GMIN in mining-friendly and prospective jurisdictions.
For further details on the press release, visit https://ibn.fm/Ii8YE.
