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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

Comment by Krishak5on Dec 24, 2021 12:54pm
235 Views
Post# 34261194

RE:Courts

RE:CourtsOK, I get it - from Q3 MD&A:

FUNAI has not issued the final documentation advising that the ECI has been completed. FUNAI has advised Belo Sun that it expects to issue the final documentation in a timely manner, but it is also currently backlogged with work. Belo Sun notes that it is difficult to estimate when the documentation will be issued by FUNAI but management estimates, following discussion with FUNAI, that the documentation will likely be issued within 60 business days of having successfully completed the consultation meeting on October 29, 2021. However, COVID, workload and the time of year need to be considered and could cause delays. Once the ECI documentation is complete and issued by FUNAI, the report will then be filed with SEMAS and the Federal Court of Brasilia (Tribunal Regional Federal da 1ª Regio – TRF-1) for its consideration. Belo Sun will make all reasonable efforts to facilitate a timely process, but the process and timeline within the Court system will depend on workload, court priorities and other factors outside of Belo Sun control.
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