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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Post by TJECONon Jul 06, 2014 7:24pm

341 Views

Post# 22719741

BMO Is Very Positive

Thanks to benandemmiboo for this exerpt from his recent post: "Brian Quast of BMO Capital Markets noted that he does not expect the preliminary licence’s temporary cancellation will impact the development schedule because when Belo Sun received the PL in February, one of the 24 conditions included the completion of an indigenous study. “The indigenous study was scheduled to be completed next regardless of the status of the preliminary licence, and the company does not have to reapply for the preliminary license once the indigenous study is completed,” he explained in a research note. Belo Sun has already requested proposals for engineering, procurement and construction, and expects the work will be awarded soon."

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