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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 mrleaoon Dec 07, 2021 8:23pm
222 Views
Post# 34208726

Report translated to English

Report translated to English #Brazil: Incra reduces family settlement and offers area for Canadian company's billion-dollar mining The agreement was signed in the same week that news surfaced that minister Augusto Heleno gave the approval for gold mining projects in untouched areas. December 2021 - 18:22 pm #Brazil: Incra reduces family settlement and offers area for Canadian company's billion-dollar mining The agreement was signed between Incra and the Canadian company Belo Sun, which has traded shares on the Toronto Stock Exchange for a decade | PHOTO: Senate | In collusion with the federal government, Incra, the agency responsible for agrarian reform policy in Brazil, decided to reduce the area of a settlement created 22 years ago in Par to make room for gold mining. In exchange, he will receive a farm located more than 1,500 kilometers away from the site, whose usefulness has yet to be clarified. According to an article in the "Estado", the project to be built at the site of the settlement intends to be the largest gold exploration venture in the country, and will target the banks of the Xingu River, just below the Belo Monte hydroelectric dam, in a area that already suffers environmental impacts due to the construction of the plant. The agreement was signed between Incra and the Canadian company Belo Sun, which has traded shares on the Toronto Stock Exchange for a decade. Incra agreed to reduce an area of more than 2,000 hectares, which will impact around 600 families living in the Ressaca and Gleba Ituna settlements. The company, in turn, will transform the space into a billion dollar open-pit mining business. The negotiation also determines that Belo Sun buys, for Incra, two pickup trucks with 44 traction and double cabin, ten notebooks, ten tablets, four scanners and four RTK type GPS devices. This Monday (6), news surfaced that the chief minister of the Institutional Security Office (GSI), General Augusto Heleno, gave the approval for at least seven gold mining projects in untouched areas of the Amazon
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