G Mining Ventures initiates hot commissioning at Tocantinzinho Gold Project
G Mining Ventures has commenced hot commissioning at its wholly owned Tocantinzinho (TZ) Gold Project in Pará, Brazil. The project is designed to produce approximately 175,000oz of gold annually over an initial 10.5-year mine life. G Mining anticipates commercial production to begin in the second half of 2024.
Hot Commissioning Initiation
After obtaining the necessary hot commissioning permit from the Pará State Environmental Agency, ore has been introduced into the grinding circuit. The permits obtained allow for mining and processing of ore, tailings disposal, and the selling and exporting of gold. As of now, approximately two million tonnes (t) of ore have been stockpiled at the site, with 1.5 million tonnes at a grade of 0.77g/t in the low-grade stockpile and 0.5 million tonnes at 1.29g/t in the high-grade stockpile.
Phase Transition and Production Capacity
The hot commissioning phase will initially start with the low-grade ore and progressively transition to higher-grade ore as the operation targets throughput of 4.7 million tonnes per annum and reaches the higher-grade hard rock. G Mining CEO and President Louis-Pierre Gignac expressed confidence in the project’s timeline and production capacity, stating, “Once at a steady state, TZ is poised to become Brazil’s third-largest primary gold mine.”
Project Location and Reserves
The Tocantinzinho open-pit gold deposit, situated in the Tapajos region of Pará, is positioned 200km south-south-west of Itaituba. The project spans a 996km² land package and is estimated to contain two million ounces of reserves. Over the initial five years, the mine is forecasted to have an annual gold production capacity of 196,000oz.
G Mining Ventures initiates hot commissioning at Tocantinzinho Gold Project
G Mining Ventures has commenced hot commissioning at its wholly owned Tocantinzinho (TZ) Gold Project in Pará, Brazil. The project is designed to produce approximately 175,000oz of gold annually over an initial 10.5-year mine life. G Mining anticipates commercial production to begin in the second half of 2024.
Hot Commissioning Initiation
After obtaining the necessary hot commissioning permit from the Pará State Environmental Agency, ore has been introduced into the grinding circuit. The permits obtained allow for mining and processing of ore, tailings disposal, and the selling and exporting of gold. As of now, approximately two million tonnes (t) of ore have been stockpiled at the site, with 1.5 million tonnes at a grade of 0.77g/t in the low-grade stockpile and 0.5 million tonnes at 1.29g/t in the high-grade stockpile.
Phase Transition and Production Capacity
The hot commissioning phase will initially start with the low-grade ore and progressively transition to higher-grade ore as the operation targets throughput of 4.7 million tonnes per annum and reaches the higher-grade hard rock. G Mining CEO and President Louis-Pierre Gignac expressed confidence in the project’s timeline and production capacity, stating, “Once at a steady state, TZ is poised to become Brazil’s third-largest primary gold mine.”
Project Location and Reserves
The Tocantinzinho open-pit gold deposit, situated in the Tapajos region of Pará, is positioned 200km south-south-west of Itaituba. The project spans a 996km² land package and is estimated to contain two million ounces of reserves. Over the initial five years, the mine is forecasted to have an annual gold production capacity of 196,000oz.
