G Mining Ventures Corp. has initiated early works construction for its Oko West Gold Project in Guyana, following the acquisition of an Interim Environmental Permit. Key activities include site preparations and infrastructure developments. The company anticipates the publication of a Feasibility Study by Q2 2025, with the potential for a formal construction decision later in the year.
G Mining Ventures Corp. has announced the initiation of early works construction at the Oko West Gold Project in Guyana. This marks a significant advancement in the project’s development process. The commencement follows the acquisition of the Interim Environmental Permit from the Guyana Environmental Protection Agency, enabling the planned activities, which are part of the projected capital expenditures of $200 to $240 million for 2025.
Initial site preparations include the development of critical infrastructure such as a barge landing on the Cuyuní River, access roads, an airstrip, a permanent camp facility, water treatment plants, power generation systems, and a communications tower. These measures are essential to secure a robust foundation for further project development. G Mining also advances its efforts in obtaining the full Environmental License from the EPA.
President and CEO Louis-Pierre Gignac emphasized that this construction commencement underscores the company’s commitment to rapidly advance the Oko West project. He stated, “With site preparation activities underway, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental, and social standards.”
The company anticipates publishing the Oko West Feasibility Study by Q2 2025, which will provide updated estimates of mineral resources and reserves. A favorable outcome and the securing of various permits and funding are expected to support a formal construction decision by the second half of 2025.
Throughout 2025, G Mining Ventures Corp. will focus on several key milestones, including the publication of the Feasibility Study, securing project financing, making formal construction decisions, and continuing detailed engineering and exploration activities. These efforts are vital to advancing the Oko West initiative and enhancing the company’s portfolio of precious metal projects.
In conclusion, G Mining Ventures Corp.’s commencement of early works at the Oko West Gold Project marks a pivotal moment in its development efforts. The completion of essential infrastructure, along with the impending Feasibility Study publication and project financing, symbolizes the company’s strategic commitment to advancing its goals in the precious metals sector. G Mining is poised for significant progress as it aims to catalyze construction decisions and exploratory activities throughout 2025.
Original Source: www.juniorminingnetwork.com
