Belo Sun Mining Corp T.BSX

Alternate Symbol(s): BSXGF

Metals & Mining Gold

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.

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Belo Sun Mining Corp

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Comment by auingoton Feb 23, 2012 12:13pm

574 Views

Post# 19573711

RE: Drill results soon?

BSX has been acting a little weak of late. I hope they don't issue more paper.

I notice the BFS has slipped a few Q's. This delay is actually good news. It allows them to add ozs to their resource and will permit a higher gold price in NAV calculations. Not that they need it given the higher grades. If grades remain at the 1.65g level this project should be able to exceed $1 billion in NAV @ 7.5%. I'm hoping that Mgt can achieve a 5+ million resource for the BFS.

Any other guesses on resource size for BFS?

Auingot

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