Belo Sun Mining Corp. is a Canadian based mineral exploration
company with a portfolio of properties in Brazil.
Belo Sun’s primary focus is on expanding and completing
a feasibility study on its 100% owned Volta Grande Project in Para State, which hosts a gold resource prepared in accordance with NI 43-101 of 5.1 million ounces (Measured & Indicated) at an average grade of 1.69 g/t Au and 2.5 million ounces (Inferred) at an average grade of 1.75 g/t Au.¹
Volta Grande Highlights
¹ Details regarding mineral resource estimate can be found in the press release dated Oct 3rd, 2013 and Technical Report filed March 31st, 2014 that have been filed under the profile of the Company on SEDAR.
- Projects located in safe and tax efficient mining jurisdictions in politically stable Brazil
- 236,000 metres and 954 holes drilled to date
- PEA staged approach - Q1 2014
- Increased property position from 195 sq. km² to 1,305 sq. km² in June 2011
- Volta Grande Project endowed with excellent access to infrastructure
- Production targeted for 2017
The PEA is preliminary in nature, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. External mining dilution is calculated at 12.3% at zero grade. The diluted life of mine mill feed grade is expected to average 1.14 g/t gold with an average cut-off of 0.48 g/t gold. Based on current metallurgical testing, the average gold recovery is expected to be 92.8% overall for the life of mine. The ultimate pit design was based on an optimised pit shell using a US$ 1020 /oz gold price. Internal phases were designed within that ultimate shell. For the purposes of the PEA, only measured and indicated resources were included in the PEA mine design.
Carlos Henrique Cravo Costa, P.Geo., is the qualified person (as such term is defined in NI 43-101) who received and approved the technical disclosure contained in this website.