Junior exploration, development roundup: Belo Sun, Gold Resource, Mirasol

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Wednesday, February 22, 2017

Toronto-based Belo Sun Mining said it awarded an engineering contract for its US$100mn Volta Grande gold project in Pará, Brazil.

Danish contractor FLSmidth will carry out basic engineering, choose construction contractors and plan construction of the facility in the first phase of the turnkey contract, according to a statement. Belo Sun secured a construction permit earlier this month.

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Colorado miner Gold Resource published a mineral resource update at its Oaxaca gold-silver project in Oaxaca, Mexico.

Proven and probable reserves now total 1.89Mt of 2.75g/t gold and 165g/t silver, the company said.

Proven and probable gold and silver reserves are up 31% and 17%, respectively

The property's Arista vein system totaled reserves of 5,543t of 0.3% copper, 24,020t of 1.3% lead and 66,157t of 3.6% zinc, it said. Measured and indicated resources at the property's Arista and Switchback vein systems and Alta Gracia and Margaritas areas totaled 2.09Mt.

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Vancouver-based Mirasol Resources released exploration details at the La Curva gold-silver project in Santa Cruz, Argentina.

Rock chip samples at the 36,100ha property's Cerro Chato target included ore grades up to 10.75g/t gold and 24g/t silver, the company said in a statement. Mirasol has requested drilling permits to explore the property, a JV with Australian miner OceanaGold.