Belo Sun Mining (BSX.TO) has announced new drill results at Volta Grande, their 100% owned project in Brazil. The company reported an additional 86 drill holes totaling in excess of 24,000 meters. Belo Sun will incorporate these new drill results into an updated resource estimate which should be out in April of this year.
Volta Grande currently has a resource estimate containing approximately 6.9Moz in all categories, and we expect this number to grow to over 7.5Moz in this next update. We are also looking forward the the company’s feasibility study which should be out this quarter.
Disclosure: The author holds a long position in Belo Sun Mining Corp. Please see our disclaimer for current positions.
