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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 Eldoradosuckson May 18, 2022 12:47pm
107 Views
Post# 34692726

Belo and Government of Para State are partners.

Belo and Government of Para State are partners. The government of Para avoided commenting on the irregular purchase of 21 land reform settlement lots by Canadian mining company Belo Sun in Volta Grande do Xingu, which took place earlier, according to Incra, a federal agency. Asked by Estado about what measures the management of Helder Barbalho would take in relation to the case, the government of Par limited itself to answering: "The Secretary of Environment and Sustainability of Para (Semas) informs that the installation license for the aforementioned enterprise is suspended since 2017, by court decision". The fact is that, in the same way that Incra is now joining the Canadian mining company to profit from the gold that will be taken from a settlement, the government of Para has partnered with Belo Sun in a project to build a gold refinery in the state. . In February, during an event held by Governor Helder Barbalho, at Palcio dos Despachos, in Belm, "a protocol of intentions" was signed with six mining companies, including Belo Sun. Helder Barbalho said, at the time, that the idea is to implement "the largest gold refinery in the country" within Para, with the support of these companies. Belo Sun states that its Volta Grande Project will have a total investment of R$1.22 billion.
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