G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) announced an exploration update, including what it called “significant” exploration results from its Oko West Gold Project in Guyana and its Gurupi Project in Brazil.
The mining company said it has discovered a second high-grade plunge of mineralization beyond the current pit limits to the north at Oko West in Block 1, with drill results that included 14 metres (m) of 4.38 grams per ton (g/t) gold.
"Exploration at Oko West continues to expand our understanding of the deposit and reinforces the robust economics demonstrated in the Feasibility Study, while at Gurupi, trenching results validate near-surface mineralization, demonstrating the high prospectivity of the large land package," G Mining Ventures vice president geology & resources Julie-Anaïs Debreil said in a statement.
"High-grade intercepts confirm Oko West's exceptional potential and support future mine life extensions."
G Mining Ventures noted that at Oko West, recent drilling guided by a newly developed Splay Model along the main mineralized zone has delivered high-grade intercepts, confirming both near-mine growth and regional discovery potential.
As well, the company reported that it plans to relaunch a regional exploration program at Gurupi with drilling expected in the fourth quarter of 2025.
G Mining Ventures also stated it is increasing its 2025 exploration budget to US$6 million to $8 million, from $2 million to $4 million previously, with the primary objective of testing the continuity at depth of the surface mineralized structure highlighted by soil and trenching at Grodiocal.
It added that a total of 10,000m of reverse circulation (RC) drilling is currently planned, of which 7,500m is expected to be completed by year-end.