Wednesday, December 6, 2017

Belo Sun Mining Corp. - BSX.t

Belo Sun Mining Corp. - BSX.t is focused on advancing the Volta Grande Gold Project located in ParĂ¡ State, Brazil.

In March 2015, the Company issued a NI 43-101 for the Volta Grande Project which estimates average annual gold production of 205,000 ounces of gold for 17 years with a cash operating cost of $618/oz.




On December 6, 2017 the company released News

The Federal Court of Appeals in Brasilia has decided to uphold the suspension of the construction licence related to Belo Sun Mining Corp.'s Volta Grande project. The Court has verbally advised the company of its decision, however it has yet to publish the written details of the ruling. Belo Sun will provide an update on the ruling if the written decision is materially different than what was verbally announced by the court this morning once details of the decision have been published.

As previously announced on April 12, 2017, a judge from the Brazilian Federal Regional Court had issued an interim order suspending the LI due to fact that Funai (Indigenous Affairs Agency of Brazil) had not approved the indigenous studies that had been completed by Belo Sun. According to the decision of the Federal Court of Appeals, Belo Sun will be required to complete an indigenous study in accordance with Funai's guidelines.









http://pennystockjournal.blogspot.com/2016/02/belo-sun-mining-corp-bsxv.html