G Mining Ventures Inc. (GMIN) has announced plans to construct a wharf facility along the Cuyuni River, marking a significant step in the development of its Oko West Gold Project. Located in Region Seven (Cuyuni-Mazaruni), this infrastructure project is part of a broader strategy to support the mining operations, which are expected to commence in 2028.
Project Overview
The Oko West Gold Project, acquired by G Mining through its $875 million purchase of Reunion Gold Corp., is situated about 95 kilometers west of Georgetown. The project boasts an indicated mineral resource of 2.47 million ounces of gold and an inferred resource of 1.76 million ounces, making it a substantial gold deposit in Guyana.
Wharf Construction and Infrastructure Development
The proposed wharf will serve as a critical logistical hub, facilitating the transportation of materials and fuel necessary for both pre-operation and operational phases of the mine. The facility will include a wharf, laydown area, and accommodations for workers, with a planned 40-bed camp to support the workforce. The construction of the wharf is expected to take approximately six months, with the facility measuring 20 meters wide by 38 meters long, utilizing 20-meter-long sheet piles.
Environmental Considerations
G Mining has secured an interim environmental permit from Guyana’s Environmental Protection Agency (EPA), allowing for early construction activities to commence ahead of schedule. The company has submitted an Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS), which are available for public review. These documents outline potential environmental impacts, including changes in water quality and increased soil erosion, and detail measures to mitigate these effects.
Economic and Social Implications
The Oko West Gold Project is expected to generate significant economic benefits for Guyana, including job creation and infrastructure development. The project aligns with the government’s efforts to diversify the economy and enhance the mining sector’s contribution to national development. However, concerns about environmental impacts and community engagement remain crucial considerations as the project progresses.
In summary, the construction of a wharf along the Cuyuni River for the Oko West Gold Project represents a major milestone in G Mining’s efforts to establish a robust mining operation in Guyana. As the project advances, balancing economic growth with environmental stewardship and community engagement will be essential for its long-term success.
