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Belo Sun Provides a Progress Update on the Volta Grande Gold Project
TORONTO, July 23, 2018 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (TSX:BSX) (“Belo Sun” or the “Company”) is pleased to provide a general update on the Company’s
About this update from Belo Sun Mining Corp.
[{"type":"text","content":" TORONTO, July 23, 2018 (GLOBE NEWSWIRE) -- Belo Sun Mining Corp. (TSX:BSX) (“Belo Sun” or the “Company”) is pleased to provide a general update on the Company’s activities and progress. Indigenous StudyThe indigenous study has been advancing for the Volta Grande Gold Project. The Company has been working in cooperation with FUNAI (Fundação Nacional do Índio) and the Arara da Volta Grande and Juruna-Paquiçamba Indigenous communities (see the Company’s press release dated December 6, 2017). The work is progressing positively and cooperatively. Meetings and consultations will continue as per the prescribed protocols. Belo Sun has established an Advisory Board for Indigenous, Community and Environmental Affairs (ICEA) headed by General Franklimberg Rodrigo de Freitas, former president of FUNAI. The Advisory Board’s creation underscores the Company’s commitment to the importance of the Indigenous people and local community participation with the Volta Grande Gold Project. The Advisory Board’s role is to provide strategic assistance in completing the Indigenous study and advising on matters pertaining to the environment, local communities and Indigenous peoples during the construction and operating stages of the Volta Grande Gold Project (see the Company’s press release dated July 23, 2018). Geology The geology team has completed the re-logging of drill core and the compilation of accumulated data in mineral resource areas peripheral to the Volta Grande Gold Project. These areas were not included in the NI 43-101 mineral resources used in the 2015 Feasibility Study and represent additional growth potential opportunities with more exploration and infill drilling. Drill programs are being mapped out to potentially further expand the mineral resource in each area as soon as the Company resumes its field work. The current NI 43-101 mineral reserve for the mining project is shown below (Table 1) and is included in the NI 43-101 mineral resource statement (Table 2): Table 1Volta Grande Project Proven and Probable Reserves* Classification Tonnes (t) Gold Grade (g/t) Contained Gold (oz) Proven 41,757,000 1.07 1,442,000 Probable 74,212,000 0.98 2,346,000 Proven + Probable 115,969,000 1.02 3,788,000 * The mineral reserve estimate is as of March 25, 2015 and is based on the new mineral resource estimate list...