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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

Post by gisellekronkon Jul 13, 2021 7:47pm
175 Views
Post# 33540297

the latest

the latestBelo Sun Mining (OTC: BSXGF) Recent price: $0.50. Target price: $5.00. Our target is based on what Belo could trade at if it’s able to maintain 100% and build the 268K-gold-ounces-per-year Volta Grande site in Brazil. We doubt that will happen as too many acquirers are interested in Belo not just for the one mine, but for the possibility of several more in the 120-km-long greenstone belt (a typical host rock for gold) that Belo controls. The project has been held up for more than two years by a court injunction, but now the court-required study to move it forward has been fully approved by FUNAI, the indigenouspeople agency. Belo needs only the lifting of COVID limits to allow larger meetings to explain the plan to locals, who have no approval role, only the right to be informed.
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