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UPDATE: Belo Sun Mining Resource Estimate at Volta Grande Increases to 2.85 Million Ounces; Shares Climb More than 11%

Belo Sun Mining Corp. (BSX.TO) jumped 11.4% to 98 cents late afternoon after announcing an updated, independently audited mineral resource statement for its 100%-owned Volta Grande gold project in Para State, Brazil.

Highlights:

- Measured and indicated open pit mineral resources of 2.85 million ounces of gold at an average grade of 1.69 g/t Au, which represents an increase of 28% (from 2.22 million ounces)

- Inferred open pit mineral resources of 1.97 million ounces of gold at an average grade of 1.70 g/t Au, which represents a 28% increase (from 1.54 million ounces)

Volume traded is close to 1.8 million shares.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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