G Mining Ventures begins early works at Oko West gold project in Guyana
Fri Mar 07 2025
G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) said it has started site preparation activities at its Oko West gold project in Guyana. The early works construction program, part of the company’s over $200 million capital expenditure guidance for 2025, follows the receipt of an Interim Environmental Permit from the Guyana Environmental Protection Agency.
Initial site preparation includes a barge landing on the Cuyuní River and a permanent camp area to support future development, the company said in a statement.
G Mining Ventures is also advancing efforts to secure the full Environmental License.
The early-stage activities permitted under the IEP include construction of a barge landing facility, main access road, internal roads, an airstrip, a permanent camp, water and sewage treatment plants, power generation, and a communications tower.
"The commencement of early works construction at Oko West demonstrates our commitment to expedite the delivery of another world-class gold project," said CEO Louis-Pierre Gignac.
"These early-stage activities lay the groundwork for potentially fast-tracking project construction, once we publish the Feasibility Study, secure financing, and make a formal construction decision, all anticipated by the middle of 2025."
The Feasibility Study for Oko West is on track for publication in the second quarter of 2025, incorporating updated mineral resource and mineral reserve estimates. A formal construction decision is expected in the second half of 2025, contingent on a positive study outcome, permitting, and financing.
Key milestones for 2025 include the completion of the Feasibility Study, securing project financing, and continuing detailed engineering and exploration work.
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