G Mining Ventures (TSX: GMIN)

Announced production results for the three months ended September 30, 2025 for the Tocantinzinho Gold Mine  in the State of Pará, Brazil.

TZ produced 46,360 ounces of gold during Q3 2025, bringing production year-to-date at the end of September 2025 to 124,525 ounces of gold.

Photo credit – G Mining Ventures

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G Mining Ventures (TSX: GMIN)

Announced that the Superintendência do Desenvolvimento da Amazônia (“SUDAM”) has formally approved the Tocantinzinho Gold Mine, located in Pará State, Brazil, for inclusion in its regional development tax incentive program.

This will be for a period of 10 years.

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G Mining Ventures Announces Approval of SUDAM Tax Incentive for Tocantinzinho Gold Mine

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TZ mine Vista in Brazil – Courtesy of G Mining Ventures

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G Mining Ventures (TSX: GMIN)

Announced that a recent ruling by the 8th Federal Environmental and Agrarian Court of the Judicial Section of Maranhão has provided regulatory clarity for the advancement of the Gurupi Gold Project in Brazil.

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G Mining Ventures Updates on Gurupi Project Licensing Process

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G Mining Ventures  (TSX: GMIN)

Announced that its Tocantinzinho Gold Mine in the State of Pará, Brazil reached a major operational milestone, with the processing plant operating at an average of 12,890 tonnes per day over 30 consecutive days.

The Corporation also reports gold production for the second quarter of 2025 of 42,587 ounces.

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G Mining Ventures Achieves Nameplate Capacity at Tocantinzinho; Q2 2025 Production Results Released

July 08, 2025

 

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G Mining Ventures (TSX: GMIN)

Reported its production and financial results for the quarter ended March 31, 2025.

GMIN produced 35,578 ounces  of gold  in Doré, at  All-in sustaining costs of $960 per oz Au sold.

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May 15, 2025

Credit G Mining Ventures

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Cabral Gold map (Courtesy of Cabral Gold)

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Cabral Gold Drills 3m @ 15.9 g/t gold and Discovers New Mineralized Zone at the Machichie Main Gold Deposit, Cuiú Cuiú Gold District, Brazil

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G Mining Ventures (TSX: GMIN)

Provided an update on year-end 2024 mineral reserves and mineral resources and announce the updated mineral resource estimate for its 100% owned, advanced exploration-stage Gurupi Project, located in northern Brazil

Highlights: M & I Resources 8.28 million ounces, Inferred Resources: 2.40 Moz, and Proven & Probable Reserves: 2.03 Moz.

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Comment

A really positive update from a company run really well by an experienced management team.

If the gold price remains around the current levels GMIN are well placed to forge ahead with the extra revenue self-funding its advanced exploration projects.

The old mantra applies here, my first rule of investing is quality management.

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G Mining Ventures (TSX: GMIN)

Announced its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project in Guyana and the Gurupi exploration Project in Brazil.

Planned production is between 175,000 and 200,000 ounces of gold at an AISC of US$996 to US$1125.

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Comment

This is just the type of company I like to invest in.

There’s low cost and growing production, with a near term development project being funded through cashflow, and exploration ongoing in three different projects at the same time.

All this in tier 1 jurisdictions with a management team that have done all this before.

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G Mining Ventures Outlines Outlook for 2025

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BROSSARD, QC, Jan. 21, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine (“TZ“), along with planned capital expenditures to progress the Oko West Gold Project (“Oko West“) in Guyana and the Gurupi exploration Project (“Gurupi“) in Brazil.

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Highlights

Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.

All amounts are in USD unless stated otherwise.

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Figure 1: Full Year 2025 Operational and Cost Guidance

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Louis-Pierre Gignac, President & Chief Executive Officer commented,

“We expect to build on GMIN’s 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West.

 

“TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities.

 

“We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces.”

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Tocantinzinho Gold Mine

The Corporation is focused on ramping up production and controlling operating costs at TZ. Annual gold production at TZ is forecasted to range between 175,000 and 200,000 ounces. 

Gold output is anticipated to be higher in the second half of the year (56% of the total) as higher-grade mineralization becomes accessible according to the mine plan. 

In Q1 2025, we aim to complete the installation of an advanced process control system to enhance the efficiency of the grinding and flotation processes at the plant.

Cash Costs and All-in-Sustaining-Costs (“AISC“) are expected in the ranges of $590 and $655 per ounce sold and $995 and $1,125 per ounce sold, respectively.

Approximately 75% of costs are denominated in local currency.

Total sustaining capital expenditures for 2025 are projected at $60 to $70 million, which includes $23 million for capitalized stripping and $2 million for near-mine exploration.

Sustaining capital expenditures, excluding capitalized waste stripping, are estimated at $35 to $45 million. This includes $20 million for mining equipment, $10 million for major components of the mobile fleet, $4.5 million for tailings management, and additional minor expenditures related to the process plant and other capital items.

Regional exploration in the Tapajos within the mining concession and surrounding claims is classified as non-sustaining and excluded from AISC. A budget of $9 million is planned for 2025 to test 23 targets within a 5km radius with the primary goal to identify additional deposits.

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To read the full news release, please click HERE

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Cabral Gold Inc. (TSX.V: CBR)

Announced a positive Prefeasibility Study (“PFS”) on the development of near-surface gold-in-oxide material at the Cuiú Cuiú gold district in Brazil.

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Cabral Gold Announces Positive Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project, Brazil with After-Tax IRR of 47.3%

21st October 2024

G Mining Ventures(TSX: GMIN)

Announced that it has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited (ASX: BHP, NYSE: BHP, LSE: BHP)

This includes the CentroGold Project.

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G Mining Ventures to Acquire the CentroGold Project from BHP

BROSSARD, QC, September 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has entered into a purchase and sale agreement to acquire tenements in the Gurupi Gold Belt from wholly-owned subsidiaries of BHP Group Limited (“BHP”) (ASX:
BHP, NYSE: BHP, LSE: BHP, JSE: BHG).

This includes the CentroGold Project (“CentroGold” or the “Project”). In consideration for the acquisition, GMIN will grant BHP a 1.0% NSR royalty on the first 1 million
ounces of gold produced at the tenements and a 1.5% NSR royalty on gold production thereafter (the “Transaction”).

CentroGold is in the state of Maranhão, located in northern Brazil, and comprises 47 tenements encompassing ~1,900 square kilometers (“km2”).

The Project hosts multiple identified gold targets along a +80 km mineralized trend, including the Blanket, Contact and Chega Tudo open pit deposits, which currently
host 2.3 million ounces of JORC-compliant gold resources and remain open for expansion.

In July 2019, Oz Minerals Limited (“Oz Minerals”), which was later acquired by BHP in 2023, released a pre-feasibility study on the Blanket and Contact deposits. The pre-feasibility study envisioned a 10-year mine life with an average annual gold production of 100,000 to 120,000 ounces per year, with 190,000 to 210,000 ounces of gold per year in the first two years of production.

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Highlights

o GMIN to acquire the CentroGold Project in Brazil’s prospective Gurupi Gold Belt from BHP
o CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth
o District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries
o CentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West development
o Accretive transaction adds to GMIN’s project pipeline with no upfront cost

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GMIN views the Project as an advanced-stage exploration asset with extensive exploration and engineering work completed to date, which includes over 135,000 meters of exploration core drilling. The Project’s size, scope, and development timeline will be redesigned to suit GMIN’s long-term growth plans, ensuring resources are allocated in line with our strategy of maximizing value for all stakeholders.

GMIN intends to build on CentroGold’s existing geologic model and redesign the Project from first principles to better fit today’s new permitting requirements and economic environment.

Shortly after the Transaction’s closing, GMIN plans to update the JORC-compliant gold resource to meet National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The current corporate priorities that will take precedence are ramping up the Tocantinzinho Gold Mine in Brazil to nameplate capacity and advancing the Oko West
Gold Project in Guyana toward a construction decision in H2-25.

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Louis-Pierre Gignac, President & Chief Executive Officer, commented:

“We are excited to acquire another prospective project and begin to grow into the multi-asset growth company we always envisioned to become.

 

“CentroGold boasts an attractive starting resource base on a large land package that covers ~1,900 km2 with significant exploration upside, located within a proven geological belt.

 

“This acquisition rounds out a high-quality portfolio of gold assets, which includes a producing mine in Tocantinzinho, a development project in Oko West, and a high-potential exploration project in CentroGold.

 

“I believe this cash-flowing and high-growth portfolio offers our shareholders tremendous opportunity for value creation.”

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Dušan Petković, Senior Vice President, Corporate Strategy, commented:

“The acquisition of CentroGold perfectly aligns with our strategy of acquiring high-quality, undervalued assets that GMIN is uniquely qualified to unlock.

 

“2024 has been a transformational year for GMIN, headlined by two acquisitions that have grown our gold resource base from 2.1 million ounces measured and indicated to 8.1 million ounces, and from 50 thousand inferred to 2.2 million ounces, creating an exciting pipeline of near-term and longer-dated growth projects.

 

“Looking forward, we are excited to demonstrate and realize our asset base’s immense potential.”

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To read the full news release, please click HERE

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Mining Ventures (TSX: GMIN)

Has filed its joint management information circular and related materials for its AGM of the holders of common shares in the capital of GMIN, on July 9, 2024 at 15.00 UK time.

GMIN Special Committee and Board unanimously recommend voting FOR the Arrangement.

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G Mining Ventures Mails Joint Management Information Circular Special Committee and Board of Directors unanimously recommend that Shareholders vote FOR the Arrangement with Reunion Gold

BROSSARD, QC, June 13, 2024 /PRNewswire/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announced today that it has filed its joint management information circular (the “Circular“) and related materials for its annual general and special meeting (the “Meeting“) of the holders of common shares in the capital of GMIN (the “GMIN Shareholders“) to be held at the offices of Blake, Cassels & Graydon LLP, in the St. Laurent Boardroom, located at 1 Place Ville Marie, Suite 3000, Montreal, Québec H3B 4N8, on July 9, 2024 at 10:00 a.m. (EDT).

G Mining Ventures  (TSX: GMIN)

Updated on progress made at GMIN’s 100%-owned Tocantinzinho Gold Project currently under construction in the State of Pará, Brazil.

The Project is 93% complete, and remains on track and on budget for commercial production in H2-2024.

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G Mining Positive Update on the TZ Project

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BROSSARD, QC, May 27, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN) (OTCQX: GMINF) is pleased to provide an update on progress made at GMIN’s 100%-owned Tocantinzinho Gold Project (“TZ” or the “Project”) currently under construction in the State of Pará, Brazil.

With the spot gold price trading close to $2,400/oz (LBMA Gold Price as at May 21, 2024), the Project is 93% complete and remains on track and on budget for commercial production in H2-2024.

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G Mining Ventures Provides Tocantinzinho Project Update

All amounts are in USD unless stated otherwise
o Project remains on schedule and on budget for commercial production in H2-2024
o Total project progress of 93% with construction 95% complete
o Total spend of $447 million (98% of project total)
o Industry leading safety record, with LTIFR of 0.04 after 5.2 million person-hours worked
o 1.5 Mt of ore at 0.85 g/t stockpiled to date ahead of schedule
o Site energized on the national grid with all balance of plant infrastructure commissioned; process plant
commissioning in focus and progressing according to the plan and schedule

Recent Highlights

(All updates are dated as of April 30th, 2024, unless stated otherwise.)

o Health & Safety – Industry leading safety record of Lost Time Incident Frequency Rate (“LTIFR”) of 0.04, and Total Recordable Incident Frequency Rate (“TRIFR”) of 0.31 after a total of 5,174,356 person-hours worked.
o Budget – Total spend to date of $447 million with open commitments of $11 million for a total committed to date of $458 million and are tracking in line with the Feasibility Study (defined hereafter).
o Schedule –Total Project is currently 93% complete and trending on time for commercial production in H2-24.
o Construction Progress – Construction is 95% complete, with favourable project-to-date productivity factor of 1.14. Mill installation is imminently mechanically complete.
o Pre-production Mining – Pre-production mining continues to progress above budget, having excavated 12.4 million tonnes (“Mt”) of material from the starter pit, including 1.5 Mt of ore to the stockpile.
o Powerline – 193-km 138 kV transmission line from Novo Progresso to TZ and associated substations are complete and energized.
o Operational Readiness – All operations personnel hired, training ongoing, consumables/inventory parts procured.
o Human Resources – 1,507 employees and contractors are currently employed by the Project, after peaking at 2,220 in August 2023. Reductions are mainly in earthworks, civil, structural, architectural and site services.

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Site Drone Footage – Recent aerial drone footage of the site can be found here 

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To read the full news release please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in G Mining Ventures.

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G Mining Ventures (TSX: GMIN)

Provided an update on progress made at GMIN’s 100% owned Tocantinzinho Gold Project currently under construction in the State of Pará, Brazil.

With the spot gold price trading at $2,356/oz, the Project is 87% complete and remains on track and on budget for commercial production in H2-2024.

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G Mining Ventures Provides Tocantinzinho Project Update

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BROSSARD, QC, April 11, 2024 – G Mining Ventures Corp.(TSX: GMIN) (OTCQX: GMINF) (“GMIN” or the “Corporation”) is pleased to provide an update on progress made at GMIN’s 100% owned Tocantinzinho Gold Project (“TZ” or the “Project”) currently under construction in the State of Pará, Brazil.

With the spot gold price trading at $2,356/oz (LBMA Gold Price PM as at April 9, 2024), the Project is 87% complete and remains on track and on budget for commercial production in H2-2024.

Highlights

(All amounts are in USD unless stated otherwise)
o Project remains on schedule and on budget for commercial production in H2-2024
o Total project progress of 87% with construction 89% complete
o Total spending to date of $433 million (95% of project total)
o Updated virtual site tour available through VRIFY platform

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Recent Highlights (All updates are dated as of March 31st, 2024, unless stated otherwise.)
o Health & Safety – Industry leading safety record of Lost Time Incident Frequency Rate (“LTIFR”) of 0.04, and Total Recordable Incident Frequency Rate (“TRIFR”) of 0.32 after a total of 4,941,128 person-hours worked.
o Budget – Total spend to date of $433 million with open commitments of $16 million for a total committed to date of $449 million (98% of project total) and are tracking in line with the Feasibility Study (defined hereafter).
o Schedule –Total Project is currently 87% complete and trending on time for commercial production
in H2-24. Detailed engineering, procurement and powerline are complete.
o Construction Progress – Construction is 89% complete, with Balance of Plant and infrastructures completed and commissioned.
o Pre-production Mining – Pre-production mining activities have exceeded 50 thousand tonnes (“kt”) per day (“pd”) and have been operating on a 24/7 basis since May 2023. A total of 11.4 million tonnes (“Mt”) of material has been excavated from the starter pit.
o Powerline – 193-km 138 kV transmission line from Novo Progresso to TZ and associated substations are complete and soon to be energized.
o Operational Readiness – Commissioning activities commencing in April starting with primary crusher and ore reclaim system.
o Human Resources – 1,680 employees and contractors are currently employed by the Project with 94% of the workforce comprised of Brazilians.

 Site Drone Footage – Recent aerial drone footage of the side can be found HERE

.To read the full news release, please click HERE

The live gold price can be found HERE

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To read our full terms and conditions, please click HERE

Cabral Gold (TSX.V: CBR)

Announced assay results from an additional 12 RC holes testing near-surface oxide material at the Machichie Main Zone, Cuiú Cuiú gold district in northern Brazil.

These holes are part of a drill program designed to better define and quantify the saprolite and blanket gold-in-oxide mineralization at the Machichie target, and could have an impact on the current plans for trial-mining oxide material in that area. 

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Cabral Gold Drills 30m @ 2.6 g/t gold in Oxidized Material 

from Surface at Machichie 

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Vancouver, British Columbia – February 6, 2024 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: CBR) (OTC: CBGZF) is pleased to announce assay results from an additional 12 RC holes testing near-surface oxide material at the Machichie Main Zone, Cuiú Cuiú gold district in northern Brazil.

These holes are part of a drill program designed to better define and quantify the saprolite and blanket gold-in-oxide mineralization at the Machichie target, which is located just 500m northwest of the MG gold deposit and could have an impact on the current plans for trial-mining oxide material in that area. 

Highlights

• RC409 returned 30m @ 2.6 g/t gold from surface in mineralized basement saprolite material including 12m @ 5.6 g/t gold from 11m depth 
•  RC418 returned 9m @ 4.3 g/t gold in mineralized fresh rock from 41m depth including 2m @ 18.6 g/t gold at the start of the 9m interval
•  RC414 returned 13m @ 1.6 g/t gold from surface in mineralized saprolite, including 6m @ 2.8 g/t gold from 4m depth
•  Other significant new mineralized saprolite drill intercepts include 7m @ 2.7 g/t gold from 7m depth in hole RC411, 15m @ 0.6 g/t gold from surface in hole RC412 and 18m @ 0.6 g/t gold from surface in hole RC413

Alan Carter, Cabral’s President and CEO commented,

“These additional RC drill results from Machichie confirm the presence of a significant zone of near surface gold-in-oxide mineralization at Machichie which appears to overlay another primary gold deposit.

 

“Further drilling will be required to fully define the limits to both the weathered gold-in-oxide mineralized material and the underlying hard-rock mineralized zone which was the focus of previous drilling.

 

“Both of these zones remain open along strike and to depth. The proximity of Machichie to the MG gold deposit has significant positive implications for the overall near surface gold-in-oxide resources which are amenable to heap leaching at Cuiú Cuiú, as well as the underlying resource base in fresh intrusive basement rocks.”

 To read the full news release, please click HERE

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Cabral Gold  (TSX.V: CBR)

Announced drill results from a further eight RC holes from the Central gold deposit located within the Cuiú Cuiú gold district in northern Brazil.

The highlight was hole RC368 which returned 10m @ 10.5 g/t gold from 67m in fresh rock.

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Cabral Gold pit at Cuiú Cuiú

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Cabral Gold Drills 10m @ 10.5 g/t Gold Including 1m @ 63.6 g/t Gold at the Central Gold Deposit, Cuiú Cuiú Gold District, Brazil

Cabral Gold (TSX.V: CBR)

Following on from a successful drill prgram in 2023, Alan Carter, CEO of Cabral has shares his thoughts for the Cuiu Cuiu project going forwards.

Carbral are looking to produce cashflow within a year with a small scale startup operation, to avoid further share dilution to the stock.

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Cabral Gold New Year message from the CEO

Cabral Gold (TSX.V: CBR)  Following on from a successful drill prgram in 2023, Dr. Alan Carter, CEO of Cabral has shared his thoughts for the Cuiu Cuiu project going forwards.

Cabral are looking to produce cashflow within a year, with a small scale startup operation, to avoid further share dilution to the stock.

This can then fund further exploration in a prolific gold belt, which compares very favourably with the TZ gold mine being constructed by G Mining around 20 miles away.

I like this method of growing a small company, rather than taking the easy route of simply issuing more shares like confetti.

Of couse CEO Alan Carter has a very large personal stake in the company, bought at market prices, so is very aligned with shareholders, which is another thing I like about this company. In my opinion it’s important for management to have a meaningful holding in a company, bought at market prices rather than gifted via options.

Dr. Alan Carter’s New Year message is reproduced below.

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Dear Valued Shareholders,

 

Now that the dust has settled and we have welcomed in the New Year, I would like to take a moment to reflect on our progress with advancing our Cuiú Cuiú project in Brazil, and also share some thoughts on what lies ahead.

 

Our Company is in the process of undergoing a significant transition, from a successful junior gold exploration Company to a junior gold producer. 

 

Until recently, and despite making several new discoveries and releasing a string of excellent drill results, our share price, along with most of our peers, has failed to significantly appreciate due to weak market conditions.

 

As a result, we have elected to transition away from dependence on the model of raising capital by issuing shares and diluting the capital structure, and we are pursuing a clear path aimed at generating revenue by becoming a gold producer with potential free cash flow as early as 2025. 

 

Fortunately, our Cuiú Cuiú project has an enormous footprint (having been the largest placer gold camp in the Tapajos during the 1980’s gold rush) and because of the tropical weathering environment, our gold deposits are weathered down to a maximum depth of 60m.

 

This means that the top 60m is essentially soft red mud or saprolite, and the trial mining and processing of this saprolite material is currently the subject of the ongoing Pre-Feasibility Study (PFS).

 

We expect to complete the PFS during the second quarter of this year and if it is positive, it will form the basis of a construction decision at Cuiú Cuiú. As part of the PFS we have been conducting additional drilling aimed at improving our understanding of the higher-grade zones within the saprolite.

 

We are also conducting additional metallurgical and geotechnical studies and have beefed up our Board and established an independent Technical Committee. 

 

The Tapajos region in Brazil is changing, and it is changing quickly.

 

As one of the two geologists who originally identified and acquired the TZ project and recognised its potential, it is gratifying for me personally to see that project under construction. TZ should enter production during Q3 2024 and will be Brazil’s third largest gold mine.

 

Given my history and experience with TZ, I should have a better idea than most regarding the potential of our adjacent Cuiú Cuiú project.

 

I believe that Cuiú Cuiú will eventually become a much larger gold deposit than TZ. Some of the reasons for this are as follows;

• According to the Agencia Nacional de Mineracao (ANM) in Brazil, Cuiú Cuiú produced 2Moz of placer gold during the Tapajos gold rush which is 10x more than TZ
• The gold-in soil anomaly that we identified at TZ was approximately 1km long. There are numerous gold-in-soil anomalies at Cuiú Cuiú which cover a much larger area
• We have so far identified 4 gold deposits at Cuiú Cuiú (2 with 43-101 compliant resources and 2 (PDM and Machichie) which do not yet have any resources. In addition, we currently have over 40 targets (with gold assays) at Cuiú Cuiú. Compare this with TZ which is a single deposit with 2 or 3 peripheral targets
• The best drill intercept reported outside the TZ deposit returned 20m @ 1.7 g/t gold which is equivalent to 34 gramme metres. At Cuiú Cuiú we have drill intercepts outside the four known deposits that include 27m @ 6.9 g/t gold or 186.3 gramme metres (at Central SE) and 39m @ 5.1 g/t gold or 198.9 gramme metres (at J Cima) to name just two examples

Despite very difficult market conditions during 2023 we were able to raise capital and partner with Osisko Gold Royalties. The deal with Osisko will allow us to complete the PFS and we believe speaks to the quality and potential of the Cuiú Cuiú project. 

 

The year ahead should prove to be transformative for our Company. Numerous drill results are pending from the drill program conducted during late 2023 and additional metallurgical studies are in progress.

 

The focus will be on completing the ongoing PFS and, if positive, on making a construction decision as soon as possible thereafter. 

 

On behalf of the entire Cabral Gold team, I would like to express deep appreciation to our investors, partners, and stakeholders for your continued support and we sincerely wish you all a happy, healthy, and prosperous 2024. 

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South Star Battery Metals (TSX.V: STS)

We are initiating coverage of STS as they prepare to bring online their graphite pilot plant in Bahia State in northern Brazil.

This is phase 1 of a three stage plan to raise production of graphite in Brazil from 5,000 tpa to 50,000 tpa. STS also have a former producing mine project in Alabama,USA

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South Star Santa Cruz mine overhead view

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Comment

This looks like an interesting company, and has a lot I like, such as financed to production due to start this month, in a tier 1 jurusdiction, with a product, graphite, that is high in demand as a source of supply outside China.

Management are hugley experienced, and hold 11% of the company, with Sprott involved in a stream lending facility adding another warm feeling.

This is rounded off with a tight share structure, and low market cap.

I am adding to our tier 2 watchlist as small scale production is imminent.

Initiating Coverage of South Star Battery Metals

South Star Battery Metals (TSX.V: STS) We are initiating coverage of STS as they prepare to bring online their graphite pilot plant in Bahia State in northern Brazil.

This is phase 1 of a three stage plan to raise production of graphite in Brazil from 5,000 tpa to 50,000 tpa over a 4 year period.

STS are fully funded to phase 1 production.

STS also have a former producing mine project in Alabama,USA

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Company Highlights

Safe sourced graphite production in the Americas with
commercial production scheduled at Santa Cruz Phase 1 for
Q4/2023, Phase 2 planned in 2026, and Phase 3 planned in 2028

• Fully integrated vertical production planned at BamaStar
including battery anode material in southeast corridor of U.S.
scheduled for 2027
• Management team with proven track-record of taking projects
from concept, through development, into production & operations
in the Americas
• Diversified, scalable, global portfolio of graphite mines in stable,
Tier 1 jurisdictions to minimize production risks
• Santa Cruz in Bahia, Brazil
• BamaStar Graphite in Alabama, US
• Phased, modular design & construction to facilitate assemblies,
guarantee quality and shorten schedules
• Strong Financial Partners
• Partnered with Sprott Resources Streaming & Royalty Corp
on Santa Cruz with up to US$28M in stream financing.
Phase 1 fully financed and Phase 2 partially financed
• Awarded DoD DPA Title III US$3.2M grant for BamaStar FS
• Fully funded to production for 13,000 tpa at Santa Cruz
Phase 1 plant

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South Star Battery Metals presentation can be found HERE

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Cabral Gold (TSX.V: CBR)

Issued an update on the PFS at Cuiu Cuiu, Tapajos State, Brazil.

The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes.  

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Cabral Gold Provides Update on Prefeasibility Study Regarding Exploitation of Near-Surface Gold-in-Oxide Mineralization at Cuiú Cuiú Gold Project, Brazil

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Alan Carter, CEO of Cabral Gold made the following comments on the news update,

We have an update out today on progress regarding our PFS on the near-surface gold-in-oxide mineralization at our Cuiu Cuiu project in Brazil. This is an exciting time for our company as we advance the PFS on the viability of mining the near surface gold-in-oxide material and heap leach processing of that material. If the PFS is positive, it should allow for a construction decision during mid-2024. 

Here are Alan’s thoughts. 

Principle takeaways:

1.     We are making good progress with the PFS. The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes, so expect more drill results in the near future

2.     This drilling program has returned some excellent higher-grade results to date. These will be incorporated in a revised resource estimate of the oxide material, which in turn will be incorporated into the mine plan. These positive drill results may result in additional higher-grade material which needs to be assessed for gold recoveries  

3.     As a result, additional column leach metallurgical tests are planned as we consider optimizing throughput rates, pad heights etc. for the heap leach operation.  This additional metallurgical work will require a little more time and the PFS is now likely to be completed during the second quarter of 2024 

4.     A second drill rig has arrived on site and is drilling. This second rig is in the process of completing a geotechnical program aimed at understanding the overall ground conditions prior to the erection of the heap leach pads, the agglomeration and ADR plants, and associated infrastructure. The rig has also been tasked with collecting additional samples for the metallurgical work

5.     OK – so what does this all mean?

• Well, it means that the drill results received thus far have been very positive and are leading to abit of a rethink on several issues including throughput rates – this means the PFS continues to evolve and is generating opportunities to optimize the value of the project which will take abit more time

• We will not have definitive answers on the economic viability of mining and processing the near surface oxide material until Q2 2024 but there will be a lot of news between now and then – obviously if the PFS study is positive, it will be a very significant step forward

• As a reminder, the trial mining and heap leach operation is a stepping stone aimed at providing the Company with sufficient capital to drill 1/. The gaps in the existing resources at the MG and Central gold deposits, 2/. Calculate maiden resources for the PDM and Machichie deposits and 3/. Determine how many of the +45 targets are additional gold deposits .

To read the full news release, please click HERE

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TriStar Gold (TSX.V: TSG)

Provided an update on advancements in the work at Castelo de Sonhos gold project in Pará State, Brazil.

TriStar is focused on attaining the Preliminary Licence, the main environmental licence in the 3-step Brazilian mine permitting process.

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