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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
Post by thierryadton Nov 21, 2013 1:16pm
305 Views
Post# 21927943

And another delay ! or worse ...

And another delay ! or worse ...

TORONTO, ONTARIO--(Marketwired - Nov. 21, 2013) - Belo Sun Mining Corp. (TSX:BSX) (the "Company" or "Belo Sun") has received notice that the Federal Judge of Altamira has granted a preliminary interlocutors decision related to the injunction sought by the Brazilian Public Prosecutor's Office ("MPF") against the State Government of Para ("SEMA") and the Company, challenging the validity and legality of the Preliminary Environmental Licensing Process (the "Licensing Process") in respect of the Volta Grande Project. The Federal Judge has granted a preliminary, temporary interlocutors decision to suspend the Licensing Process until the completion of studies of the indigenous tribes located more than 10 kilometres away from the Volta Grande Project.

The Company will take all applicable legal measures to appeal the decision of the Federal Judge and defend the validity and legality of the Licensing Process. SEMA has stated in the COEMA meeting held on November 18, 2013 that it will also challenge the injunction. Belo Sun is pleased to work with the regulatory and legal authorities in advancing the project licensing process.

Bullboard Posts