G Mining Ventures (GMIN) has acquired the CentroGold Project in Maranhão, northern Brazil, covering approximately 1,900 square kilometers and hosting 2.3 million ounces of JORC-compliant gold resources. The project includes key deposits such as Blanket, Contact, and Chega Tudo along an 80 km mineralized trend, with significant exploration potential remaining.
CentroGold’s pre-feasibility study, released by Oz Minerals in 2019, projected a 10-year mine life with average annual production of 100,000 to 120,000 ounces of gold, and up to 210,000 ounces per year in the initial two years. GMIN aims to update and redesign the project to fit modern permitting requirements and align with its long-term growth strategy.
This acquisition marks a key milestone in GMIN’s expansion, complementing its existing portfolio that includes the producing Tocantinzinho Gold Mine in Brazil and the Oko West Gold Project in Guyana. GMIN is committed to maximizing value for stakeholders by expanding its gold resource base and further developing CentroGold’s exploration potential.
