NetworkNewsBreaks – G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) Completes Acquisition of G2 Goldfields
This article has been disseminated on behalf of G Mining Ventures Corp. and may include paid advertising.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, creating what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. Under the transaction, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, which was spun out as part of the arrangement. GMIN said combining the adjacent Oko West and Oko-Ghanie deposits is expected to generate operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility.
GMIN also clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN’s perspective. The company said it will undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report, with further technical studies expected to culminate in a comprehensive report in 2027.
To view the full press release, visit https://ibn.fm/ElDvh
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
This article has been disseminated on behalf of G Mining Ventures Corp. and may include paid advertising.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) completed its acquisition of G2 Goldfields (TSX: GTWO) (OTCQX: GUYGF) through a court-approved plan of arrangement, creating what the company describes as a large-scale, fully permitted and fully financed tier-one gold mining complex in Guyana. Under the transaction, each G2 share was exchanged for 0.212 GMIN common shares and 0.50 common shares of G3 Goldfields, which was spun out as part of the arrangement. GMIN said combining the adjacent Oko West and Oko-Ghanie deposits is expected to generate operational and capital synergies through shared infrastructure, optimized mine planning, greater processing capacity and enhanced operational flexibility.
GMIN also clarified that previously disclosed mineral resource estimates for the Oko-Ghanie Project should be considered historical estimates under NI 43-101 and not current mineral resources from GMIN’s perspective. The company said it will undertake additional geological modeling, data integration and drilling before issuing updated combined mineral resource estimates and a supporting technical report, with further technical studies expected to culminate in a comprehensive report in 2027.
To view the full press release, visit https://ibn.fm/ElDvh
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
