G Mining Ventures Commences Site Preparation Activities at Oko West Gold Project in Guyana
BROSSARD, QC, March 6, 2025 – G Mining Ventures Corp. (GMIN), a leading gold exploration and development company, is thrilled to announce the commencement of site preparation activities at its Oko West Gold Project (“Oko West” or the “Project”) in Guyana. This significant milestone marks a crucial step forward in the project’s development, following the acquisition of the Interim Environmental Permit (“IEP”) from the Guyana Environmental Protection Agency (“EPA”) in January 2025.
Early Works Construction Program Commences
With the IEP in hand, the early works construction program is now officially underway. This program is part of the total $200 – 240 million capital expenditure (“capex”) guidance for 2025, as announced in the Company’s press release on January 21, 2025.
Impact on the Local Community
The commencement of site preparation activities at Oko West is expected to bring numerous benefits to the local community. The project is projected to create over 1,000 jobs during the construction phase and approximately 500 permanent jobs once the mine is operational. Furthermore, the Company plans to invest in local infrastructure, including roads, schools, and health clinics, to support the growth of the region.
Global Gold Market and the Impact of Oko West
The gold mining industry plays a crucial role in the global economy, with gold being a safe-haven asset and a significant source of revenue for many countries. The development of projects like Oko West will contribute to the ongoing demand for gold, helping to stabilize gold prices and maintain the industry’s economic importance.
Environmental Considerations
G Mining Ventures remains committed to responsible mining practices and minimizing the environmental impact of its operations. The IEP, which was granted after an extensive review of the Project’s environmental impact assessment, sets strict guidelines for the Company to follow in terms of water management, waste disposal, and other environmental concerns. Oko West is expected to employ the latest technologies and best practices to ensure compliance with these guidelines and minimize any potential negative impacts on the environment.
Conclusion
The commencement of site preparation activities at the Oko West Gold Project marks a major step forward in the development of this significant gold project in Guyana. With the Interim Environmental Permit in hand, the early works construction program is officially underway, bringing jobs, investment, and economic benefits to the local community. Moreover, the project’s contribution to the global gold market will help maintain the industry’s economic importance, while the Company’s commitment to responsible mining practices ensures the minimization of environmental impacts.
- G Mining Ventures commences site preparation activities at Oko West Gold Project in Guyana
- Early works construction program underway, part of $200 – 240 million capex guidance for 2025
- Over 1,000 jobs during construction and 500 permanent jobs once operational
- Investment in local infrastructure: roads, schools, and health clinics
- Contributes to the global gold market, maintaining industry’s economic importance
- Commitment to responsible mining practices and minimizing environmental impacts
