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Belo Sun Mining Announces Signing of Definitive Use of Land Agreement With INCRA
TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX OTCQX:BSXGF) is pleased to announce that it has success
About this update from Belo Sun Mining Corp.
[{"type":"text","content":" TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX OTCQX:BSXGF) is pleased to announce that it has successfully concluded discussions with Instituto Nacional de Colonização e Reforma Agrária - National Institute of Colonization and Agrarian Reform (“INCRA”) on the land overlap at its Volta Grande Gold Project and has signed a definitive agreement for the use of the land during the mining operations of the Volta Grande Gold Project. Peter Tagliamonte, President, CEO and Director of Belo Sun commented, “We are pleased to have successfully concluded discussions with INCRA and we look forward to a positive and ongoing relationship with INCRA that will bring benefits to the surrounding communities, local farmers, landholders and municipality. We feel that the Volta Grande Gold Project represents an outstanding opportunity that will benefit the region and all stakeholders as we advance the project.” Belo Sun and INCRA entered into a use of land concession agreement that resolves a land overlap between a small portion of INCRA designated land and an area of land covered by Belo Sun mining concessions that will be affected by the mining operations of the Volta Grande Gold Project. Under the agreement, INCRA will provide Belo Sun access to the INCRA designated land for mining activities for 20 years once the mining license for the Volta Grande Gold Project is granted with the ability to extend the term beyond the initial 20 years. Belo Sun will provide ongoing program support during the operation of the mine including, among other commitments, assistance to small local landholders with the proper registration of their land, assisting the municipality with road and bridge maintenance, a transfer of land outside the project area to INCRA and the purchase of certain equipment to assist the local INCRA office in its activities. The agreement has been officially published in the Brazil Federal Gazette - Diário Oficial da União (Official Gazette of the Union). Mr. Tagliamonte commented further, “The Belo Sun team in Brazil has done an outstanding job over the last few months, working with the Indigenous Communities to conclude the Indigenous Study, gaining strong Governmental support with the inclusion of the Volta Grande Gold Project into the Pro Minerals program and most recently working...