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G Mining Ventures Announces 10,000-Meter Exploration and Drilling Program and Provides Overview of Tocantinzinho Deposit
Inaugural 10,000 meter drilling program to commence shortly Limited drilling to date, with only 82,805 meters (296 drill holes) from 2004-2015 Focus on optimizi
About this update from G Mining Ventures Corp
[{"type":"text","content":" Inaugural 10,000 meter drilling program to commence shortly Limited drilling to date, with only 82,805 meters (296 drill holes) from 2004-2015 Focus on optimizing mine plan, de-risking initial years of production, and exploration at depth 1 diamond rig and 1 RC rig to be mobilized on site by mid-November GMIN also provides geological overview of deposit and historical drilling campaigns to date BROSSARD, Quebec, Nov. 08, 2021 (GLOBE NEWSWIRE) -- G Mining Ventures Corp. (TSXV:GMIN) (“GMIN” or the “Corporation”) is pleased to announce an exploration and drilling program (the “Program”) at its recently acquired Tocantinzinho Gold project located in Para State, Brazil (“Tocantinzinho” or the “Project”). The Program will total 10,000 meters and be focused on (i) de-risking the pre-production period and (ii) testing for extensions to the known mineralization below the pit in the directions that remain open. Additionally, GMIN is pleased to provide a geological overview of the Tocantinzinho deposit and of the historical drilling campaigns completed from 2004 through 2015. Louis-Pierre Gignac, President & CEO of GMIN, commented: “Tocantinzinho is a homogenous orebody with excellent grade continuity, and we are excited to launch our inaugural drilling program. With an existing gold reserve of 1.8 million ounces, only 82,805 meters in 296 drill holes were completed inside the broader tenement, in various phases between 2004 and 2015. The primary objective of the Program is to optimize mine planning and de-risk mine performance during the initial years of production. With the deposit open at depth and down plunge, the Program will also include exploration diamond drilling focused on mineralization below the pit. The Program is to commence this month and continue into 2022.” Pre-Production Drilling Campaign 7,000 meters of diamond and reverse circulation drilling will be targeting mineralization planned to be mined during the early years of production. This campaign is intended to significantly de-risk mine performance, particularly in the initial years of production. The objectives are to: Mitigate ore dilution by providing better definition of ore and waste boundaries; Optimize mine scheduling in the first 2 years of operation by populating areas with a lower drilling density near surface (see Figure 1); Increase confidence in t...