G Mining buys Reunion’s Oko West gold project in Guyana for $638 million

Founders plans to issue its first Antino resource estimate next year.

The PEA pegs the project’s post-tax net present value (at 8% discount) at $239 million.

Highlights include 1.09 grams gold per tonne over 21 metres to the west and 0.85 gram gold over 76 metres to the east.

The cash is expected to offer more than enough funding for a field pilot at the Kindersley lithium project.

Amex’s flagship project is the Perron gold property located 110 km north of Rouyn-Noranda, Quebec.

This would end the joint venture partnership with Sumitomo Metal Mining established in 2018.

The JV has committed to minimum expenditure of $5.5 million over the first five years.

Since its discovery in 2016, Marimaca has more than doubled the deposit’s resource.

The company recently declared a resource estimate of 59 million inferred tonnes grading 1.12% lithium oxide.