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G Mining Ventures Provides Update on Site Activities at Tocantinzinho Gold Project

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星期二, 六月 13, 2023

BROSSARD, QC, June 13, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: 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.

Key Points: 
  • BROSSARD, QC, June 13, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: 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.
  • Total Project is currently 30% complete and trending on time and on budget for commercial production in H2-24.
  • Commitments to date total $302 million (66% of project total), including project-to-date expenditures of $198 million (43% of project total).
  • Cumulatively, 33,334 tonnes of material on 3,833 truckloads have been delivered to site since the start of the Project.

Torex Gold Provides Second Quarterly Update on Media Luna Project

Retrieved on: 
星期二, 五月 2, 2023

TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides the second quarterly update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of March 31, 2023.

Key Points: 
  • The Guajes Tunnel ventilation raise was completed and the pilot hole for the first ventilation raise within the Media Luna underground commenced.
  • As at the end of March, there were 18 active headings, including 6 in Media Luna Lower and 12 in Media Luna Upper.
  • Based on progress made during Q1 2023, the project execution plan is unchanged compared to the prior plan outlined within the inaugural Media Luna update press release published on February 9, 2023.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.

SIGMA LITHIUM ACHIEVES OUTSTANDING PROJECT EXPANSION AND FINANCING MILESTONES: INCREASES MINERAL RESERVES BY 63%, TRIPLES NPV TO US$ 15.3 BILLION AND SECURES US$ 100 MILLION DEBT FINANCING

Retrieved on: 
星期日, 十二月 4, 2022

The Debt Financing will fully fund the Company until August 2023, including the initiation of detailed engineering and the initiation of construction of the Project Expansion.

Key Points: 
  • The Debt Financing will fully fund the Company until August 2023, including the initiation of detailed engineering and the initiation of construction of the Project Expansion.
  • The initial drawdown of $60 million under the Debt Financing is expected to close this year.
  • Increased proven and probable mineral reserves by 63% to 54.8 Mt of lithium spodumene, while maintaining high grade at 1.44% lithium oxide.
  • Phase 3 proven and probable mineral reserve estimate of 21.2 Mt, while maintaining a high grade at 1.45% lithium oxide.