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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 Feb 09, 2024 9:03pm
176 Views
Post# 35873429

Belo is not the land owner. Incra just granted the use

Belo is not the land owner. Incra just granted the use In a note to Gazeta do Povo, Belo Sun reported that Incra granted the use of 2,400 hectares of land for a specified period for the implementation of the mine and its infrastructure “through numerous counterparts in favor of Agrarian Reform in the region, all under the sieve of a long public administrative process and under the scrutiny of the competent authorities”. The company claims that the institute is the “legitimate owner of the land” and that there are two decisions from the Federal Court in Altamira rejecting the suspension of the contract. “It is worth highlighting that the concession contract remains in force and valid to date, with Belo Sun, for all legal purposes, holding the right to possession of the concession area”, he said, stating that the Volta Grande Project “will bring development, progress and security for communities and the region of the State of Para”
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