G Mining Ventures Files NI 43-101 Technical Report for Oko West Gold Project in Guyana

Rhea-AI Summary

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has filed a NI 43-101 Technical Report for its wholly owned Oko West gold project in Guyana. The Technical Report, effective April 28, 2025, details the feasibility study for the project and was authored by independent Qualified Persons including experts in mining, metallurgy, geology, and environmental aspects. The report is now available on SEDAR+ and the company's website. GMIN aims to become a mid-tier precious metals producer, leveraging its portfolio which includes the Tocantinzinho Mine in Brazil, Gurupi Project in Brazil, and Oko West Project in Guyana. The company focuses on acquiring, exploring, and developing precious metal projects in mining-friendly jurisdictions.

Positive

• Company owns 100% of the Oko West gold project in Guyana
• Technical report completed by multiple independent qualified experts validates project feasibility
• Company has a diversified portfolio across multiple mining-friendly jurisdictions
• Strategic positioning to become a mid-tier precious metals producer

Negative

• Project is still in development phase, not yet generating revenue
• Success depends on various factors including gold prices and currency exchange rates
• Significant capital requirements to bring projects into commercial production

BROSSARD, QC, June 9, 2025 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX: GMIN) (OTCQX: GMINF) announces that the Corporation has filed a technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101") in respect of the feasibility study (the "FS" or the "Study") for its wholly owned Oko West gold project ("Oko West" or the "Project"), located in Guyana.

The Technical Report, titled "Feasibility Study NI 43-101 Technical Report, Oko West Gold Project," has an effective date of April 28, 2025, with an issue date of June 06, 2025, and was authored by independent Qualified Persons and is in accordance with NI 43-101. 

The Qualified Persons ("QPs") are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs. Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs. Christian Beaulieu, MSc, P.Geo., of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate. Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis. Kevin Leahy, C.Geol., of ERM Ltd., is responsible for the environment and permitting aspects.

The full Technical Report is available under the Corporation's profile on SEDAR+ (www.sedarplus.ca) and on the Corporation's website at www.gmin.gold.

About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine in Brazil, supported by the Gurupi Project in Brazil and the Oko West Project in Guyana — all with significant exploration upside and located in mining-friendly jurisdictions. 

Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking information" and "forward-looking statements" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to the section entitled "About G Mining Ventures Corp.".

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those relating to the price of gold and currency exchange rates, those outlined in the Technical Report and those underlying the items listed in the above section entitled "About G Mining Ventures Corp.".

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, (i) GMIN will achieve its objectives for Oko West, notably to bring the Project into commercial production, or (ii) GMIN will use TZ and Oko West to grow GMIN into the next intermediate producer, or (iii) the exploration upside of GMIN's properties will lead to additional mineral resources and reserves, as future events could differ materially from what is currently anticipated by the Corporation. In addition, there can be no assurance that Brazil and/or Guyana will remain mining friendly and prospective jurisdictions.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation's other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation's (i) Annual Information Form dated March 27, 2025, for the financial year ended December 31, 2024, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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SOURCE G Mining Ventures Corp

FAQ

What is the significance of G Mining Ventures' NI 43-101 Technical Report for the Oko West project?

The NI 43-101 Technical Report validates the feasibility study for the Oko West gold project in Guyana, providing detailed technical analysis by independent qualified experts on mining, metallurgy, geology, and environmental aspects.

Where is G Mining Ventures' Oko West project located?

The Oko West gold project is located in Guyana, one of the company's key mining jurisdictions alongside its Brazilian assets.

What are G Mining Ventures' (GMINF) main assets?

G Mining Ventures' main assets include the Tocantinzinho Mine in Brazil, the Gurupi Project in Brazil, and the Oko West Project in Guyana.

When was the Technical Report for GMIN's Oko West project completed?

The Technical Report has an effective date of April 28, 2025, with an issue date of June 06, 2025.

Who prepared the Technical Report for G Mining Ventures' Oko West project?

The report was prepared by independent Qualified Persons including Paul Murphy, Neil Lincoln, Christian Beaulieu, Alexandre Burelle, and Kevin Leahy, each responsible for different technical aspects.