G Mining Ventures (TSX: GMIN)
Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS submissions made in November 2024 for the Corporation’s Oko West Gold Project.
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| G Mining Ventures | TSX: GMIN | |
| Stage | Development + Exploration | |
| Metals | Gold | |
| Market cap | C$2.7 billion @ C$12.15 | |
| Location | Para State, Brazil, Guyana | |
| Website | www.gminingventures.com |
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G Mining Ventures Receives Vital Permit for Oko West
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BROSSARD, QC, Jan. 7, 2025 /CNW/ – 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.
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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
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Louis-Pierre Gignac, President & CEO commented,
“The approval of the Interim Environmental Permit represents an important step in reaching a construction decision for the Oko West Project.
“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.”
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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.
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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)
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To read the full news release, please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in G Mining Ventures.
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