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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based development and mineral exploration mining company. The Company is advancing Brazil's undeveloped gold deposit at the Volta Grande Project in Para State. The Volta Grande Project is situated in the Tres Palmeiras greenstone belt in Para State, Brazil. Although the project's mining license covers 2400 hectares (24 square kilometers), the actual area dedicated to the mining operation is much smaller, encompassing only about 10 square kilometers. The Volta Grande Gold Project is accessible by both road and river. Altamira is a major regional center with a population of 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The Volta Grande Project's mineral resources are divided into two areas: the North Block and the South Block. The North Block comprises four zones: Ouro Verde, Junction, Grota Seca, and Greia. The South Block is situated approximately 10 kilometers to the south-east.


TSX:BSX - Post by User

Bullboard Posts
Comment by eebleron Dec 01, 2011 11:47am
255 Views
Post# 19283206

RE: RE: RE: Instead Brasil, Guyana

RE: RE: RE: Instead Brasil, GuyanaYep, saw the reference to visible gold.  That is always a good sign for higher grade potential.  I'm not sure if you've clicked on the link that takes you to the illustrations that depict hole locations and cross-sections, but it is very informative.  That section to the NW looks like it should extend further.  The workings at the east end of Grota Seca also suggest the veins might continue but there haven't been enough holes yet and the few that were put down only had a couple of intercepts down at the 100m-125m level.  A couple more step-out holes could determine whether those veins come to surface and/or are surrounded by others that just might be spaced a bit further apart than expected. I wouldn't mind the fast money on a takeover, but if they are allowed to make it to production and assuming they don't have to mega-dilute to build it, it could be in the $6-$7 range by the end of first full year of production.   I'm guessing they are going to plan for about 270k ozs per year.  

eebler
Bullboard Posts