Tocantinzinho is a permitted, high-grade open pit gold deposit in the Tapajos district in Para state, Brazil operated by Eldorado Gold that has an expected mine life of 10 years with an estimated annual gold production of 187 Koz over the first 8 years at a $580 per ounce cash cost. G Mining expects to complete an updated feasibility study within 180 days with a target for production of H2-2024. Project optimization on TZ with early works planning and detailed engineering and long lead item orders is expected to begin immediately upon close of the transaction. A 10,000 meter drill program will supplement the optimization to de-risk early years of production and explore for expansion below the current pit. TZ is open at depth and down plunge where exploration below the pit included significant intercepts of 1.26 g/t gold over 39.5 meters and 2.45 g/t gold over 60 meters.
Interest: 0.75% GVR Royalty
Location: Para State, Brazil
Project Status: Development
Counterparty: G Mining Ventures