Belo Sun Mining Corp (TSX:BSX)

Mining

Belo Sun Mining Corp is a gold-focused mining and exploration company.

The mining firm owns and operates development and exploration properties in Brazil. In 2003, Belo Sun Mining Corp acquired the Tres Palmeiras greenstone exploration belt.

The company is focused on developing the Volta Grande Gold Project situated in Para State in northeastern Brazil. The Volta Grande project is nearly 60 kilometers from the city of Altamira and is well connected to the nearby infrastructure, including access to Trans-Amazonian Highway and a local airport facility.

The mining company says that the project is powered by the Belo Monte hydroelectric dam, located 20 kilometers north of the gold project. The hydroelectricity dam is reportedly Brazil’s second largest dam.

The Volta Grande project consists of mining concessions and mineral resources for a total area of 160,000 hectares, which covers approximately one square kilometer area in the Tres Palmeiras exploration belt.

The company claims that water requirements at the project will be met through surface run-offs and precipitation collection in storage ponds.

The mineral resources at the gold-producing asset are categorized into two areas, North Block consisting of Junction, Grota Seca, Ouro Verde, and Greia zones, and the South Block. The measured and indicated mineral resources in the North Block area are estimated at 156,593 thousand tons of 0.98 g/t (gold grade) with 4,956 thousand ounces of contained gold, the mineral exploration company claims.

Belo Sun has reportedly undertaken preliminary exploration drilling programs of about 10,000 kilometers out of the main mineral resource area. Under several drilling programs, the company identified various gold veins and prospective targets at the Brazilian gold property.

The exploration company is among several mining firms listed on the Toronto Stock Exchange with ‘BSX’ ticker quote. In addition, on May 6, 2021, Belo Sun’s common shares started trading on the OTCQX Best Markets under the ticker symbol ‘BSXGF’.

Contact Information

company address 800-65 Queen Street West Toronto, Ontario M5H 2M5

company phone1 (416) 861-226

company email[email protected]

company websitehttps://www.belosun.com/

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