G Mining Ventures Corp. has started site preparation at its Oko West Gold Project in Guyana, leveraging an Interim Environmental Permit. The early works program focuses on essential infrastructure, aiming for a significant project advancement in 2025, including the Feasibility Study and financing pursuits. CEO Louis-Pierre Gignac highlights the importance of expediting the project’s development process.
G Mining Ventures Corp. (GMIN) has initiated site preparation activities at its Oko West Gold Project in Guyana, a significant advancement in the project’s lifecycle. This step follows the reception of an Interim Environmental Permit from the Guyana Environmental Protection Agency, clearing the way for the early works program, which is part of the projected $200 to $240 million capital expenditure for 2025. Initial infrastructure works include the construction of a barge landing on the Cuyuní River, a permanent camp area, and essential utilities.
The early works categorized under the Interim Environmental Permit (IEP) comprise various components necessary for future development, including:
– Barge landing facility
– Main access road and internal roads
– Airstrip
– Permanent camp facility
– Water and sewage treatment plants
– Power generation facilities
– Communications tower
GMIN President & CEO Louis-Pierre Gignac emphasized commitment to hastening the Oko West project’s progress, asserting that these preparatory works will facilitate rapid project construction upon the completion and publication of the Feasibility Study in mid-2025. Concurrently, the company remains focused on obtaining the full Environmental License.
The Feasibility Study for the Oko West project is expected to be released in Q2 2025, featuring updated mineral resource and reserve estimates. A favorable result, along with the attainment of necessary permits and financing, will support a formal construction decision anticipated in the second half of 2025. Key milestones for the Oko West project throughout 2025 include:
– Feasibility Study publication (Q2 2025)
– Project financing (H2 2025)
– Formal construction decision (H2 2025)
– Ongoing detailed engineering
– Greenfield and brownfield exploration activities.
In summary, G Mining Ventures has successfully commenced early construction activities at its Oko West Gold Project, driven by recent environmental permitting. The project is poised for significant development in 2025, with key milestones including the publication of the Feasibility Study and securing project financing. These advancements affirm GMIN’s strategic goal of evolving into a leading mid-tier precious metals producer, supported by robust operational frameworks and infrastructure development.
Original Source: www.juniorminingnetwork.com
