08:44 AM EST, 02/20/2025 (MT Newswires) -- G Mining Ventures ( GMINF ) on Thursday reported significant growth in year-over-year consolidated mineral resources to a total of 8.28 milliounces (Moz) of indicated resources and 2.40 Moz of inferred resources at its advanced exploration-stage Gurupi Project, located in northern Brazil.

The mineral resource estimate (MRE) for the Gurupi project is contained within Blanket and Contact, in the Cipoeiro area and Chega Tudo deposits. Blanket and Contact deposits are spatially close, but only a few drillholes tested the continuity of the grade in between the two, representing an opportunity for growth of the mineral resources in the future.

G Mining ( GMINF ) said exploration efforts will aim to assess and evaluate the land package's value. The project has been allocated a budget of $2 million to $4 million, in 2025.

At the Tocantinzinho Gold Mine, an additional 3,700m of drilling, validated the northwest extension of the TZ deposit in 2024, adding this 300m extension in the presented Mineral Resources. Total remaining reserves at year-end 2024 stood at 2.03 Moz. Near-mine exploration of $2 million and a regional exploration budget of $9 million are planned for 2025.

At the Oko West Project, a total of 49,000m from 170 holes of drilling were completed in 2024, with an $8 million exploration program planned in 2025.

Shares of G Mining ( GMINF ) closed down $0.42, or 2.7%, to $15.00 on Wednesday on the Toronto Stock Exchange.