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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.

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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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