G Mining Ventures Begins Early Construction at Oko West Gold Project in Guyana
G Mining Ventures Corp. has initiated early works construction at the Oko West Gold Project in Guyana, supported by an Interim Environmental Permit. The early works involve crucial infrastructure preparations and aim to facilitate rapid project development with significant milestones projected for 2025, including a feasibility study publication and financing decisions.
G Mining Ventures Corp. has officially commenced early works construction at its Oko West Gold Project in Guyana, marking significant progress in the development phase. Armed with the Interim Environmental Permit (IEP) from the Guyana Environmental Protection Agency, the development program aligns with the estimated capital expenditure of $200 to $240 million for 2025. The initial activities are centered around preparing essential infrastructures including a barge landing on the Cuyuní River, permanent camp area, and various facilities necessary for project advancement.
Key construction activities under the IEP include establishing a barge landing facility, main access and internal roads, an airstrip, a permanent camp, water and sewage treatment plants, power generation, and a communications tower. Louis-Pierre Gignac, President & CEO, emphasized the corporation’s commitment to delivering a world-class gold project by efficiently executing early-stage preparations while adhering to safety, environmental, and social standards. This groundwork aims to facilitate potential acceleration in project construction pending the feasibility study’s publication and financing decisions, anticipated for mid-2025.
The Oko West Feasibility Study is slated for release in the second quarter of 2025, which will unveil updated mineral resource and reserve estimates. A positive outcome, alongside the receipt of all necessary permits and financing support, is expected to lead to a formal construction decision by the latter half of 2025. The key milestones for 2025 at Oko West include the feasibility study publication, securing project financing, making a formal construction decision, and ongoing detailed engineering and exploration activities.
In conclusion, G Mining Ventures Corp. is making substantial strides in its Oko West Gold Project with the commencement of early construction works enabled by an Interim Environmental Permit. Critical infrastructure preparations are being undertaken alongside efforts to finalize the Feasibility Study, paving the way for important milestones in 2025, including financing decisions and potential construction authorization. The corporation’s actions reflect a strategic commitment to developing a significant gold production facility in Guyana.
Original Source: www.juniorminingnetwork.com
