G Mining Ventures Corp. has commenced site preparation at its Oko West Gold Project in Guyana, following the receipt of an Interim Environmental Permit. The early construction activities will support critical infrastructure, with a Feasibility Study expected in Q2 2025, which will inform future development decisions.
G Mining Ventures Corporation has announced the beginning of site preparation for its Oko West Gold Project in Guyana, marking a significant advancement in the project’s development. This progression follows the receipt of an Interim Environmental Permit from the Guyana Environmental Protection Agency and is part of a capital expenditure forecast between $200 million to $240 million for 2025. The ongoing site activities include preparing the barge landing on the Cuyuní River and establishing a permanent camp, essential infrastructures for the project’s future phases. Simultaneously, the company is working towards obtaining a full Environmental License from the EPA.
The early construction works permitted under the Interim Environmental Permit encompass several critical components: a barge landing facility, main access and internal roads, an airstrip, a permanent camp, water and sewage treatment plants, power generation facilities, and a communications tower. Louis-Pierre Gignac, President and CEO of G Mining Ventures, emphasized the company’s dedication to rapidly advancing this world-class gold project, ensuring safety and environmental standards while preparing for a potential expedited construction timeline.
The Oko West Feasibility Study is anticipated for publication in the second quarter of 2025, which will include updated estimates for mineral resources and reserves. A favorable outcome from the study, combined with the attainment of necessary permits and financing, is expected to facilitate a formal construction decision in the latter half of 2025. For 2025, G Mining Ventures intends to concentrate its efforts on several key activities related to the Oko West Project, including publishing the feasibility study, securing project financing, and continuing detailed engineering operations as well as both greenfield and brownfield exploration.
G Mining Ventures Corp. focuses on the acquisition, exploration, and development of precious metal projects, aiming to capitalize on value generated by successful mine development. With a robust foundation including the Tocantinzinho Gold Mine in Brazil, along with the Oko West and Gurupi Gold Projects, G Mining is positioned to evolve into a leading mid-tier precious metals producer in favorable mining jurisdictions.
G Mining Ventures Corporation has initiated early construction works at the Oko West Gold Project in Guyana, supported by an Interim Environmental Permit. This marks a decisive moment in the project’s progression towards expected construction decisions later in 2025, contingent on the forthcoming Feasibility Study results. G Mining aims to solidify its standing as a mid-tier precious metals producer through strategic development and exploration efforts across its projects.
Original Source: www.juniorminingnetwork.com
