G Mining discovers new gold deposit in Brazil
The results suggest the project’s mineralized system remains open beyond the limits tested in the previous resource work.
G Mining Ventures announced the discovery of a new near-surface gold deposit at its Gurupi project in Brazil. The key finding, located at the Grodiocal target, includes 23 meters of 1.97 grams gold per tonne, with the most significant thickness at 9 meters grading 4.24 grams gold from 55 meters deep. Additional drilling at the Blanket and Mandiocal deposits expanded the mineralized system.
Analysts view this as a significant development, positioning Gurupi as a broader district rather than isolated deposits. The project's estimated resources total 43.5 million indicated tonnes grading 1.31 grams gold, and 18.5 million inferred tonnes grading 1.29 grams gold. G Mining plans to drill 65,000 meters at Gurupi this year, with about 33,600 meters completed.
The discovery, located in Maranhão state, is part of a 2,100 square kilometer project spanning 47 contiguous tenements.
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