Cabral Gold (CBR.V): G Mining Ventures Announces US$481 million Financing Package for Tocantinzinho Gold Project
G Mining Ventures just announced a US$481 M financing package for the Tocantinzinho Gold Project. This mine would be one of Brazil’s largest when in operation and is directly adjacent Cabral Gold’s flagship project which is continuously being drilled. I would also note that Equinox Gold is developing the company’s 4th mine in Brazil…
In other words it appears Brazil is one of those rare jurisdictions where one can actually build mines and the latest evidence of that now being people willing to spend US$481 M to build a mine right next to Cabral…
Slide from G Mining Venture’s latest presentation (Note Cabral Gold in red)
