Back in July Rusoro was confirmed as the partner of choice of the Venezuelan Government for gold exploitaition projects in that country. Today, it has been announced that Rusoro has entered a partnership with the Venezuelan Goverment to mine La Camorra and Isidora in the State of Bolivar, Venezuela.
This comes a result of a “Mixed Enterprise” between the company and the Government, with a 50/50 participation.
The Isidora project alone reflects the following data: Proven and Probable Mineral Reserves at Isidora (March 2008) are 168,000 oz Au (161,900 t @ 32.3 g/t Au). Mineral resources for Isidora are 331,000 oz Au (470,000 t @ 21.9 g/t Au) of Measured and Indicated and 45,000 oz Au (99,000 t @ 14.1 g/t Au) of Inferred.
Tags: gold, Latin America, mining
August 15, 2008 at 7:38 pm
[...] Original post by labusiness [...]