Rusoro Mining Ltd.
Rusoro Mining Ltd.


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Rusoro Mining Ltd. Rusoro Mining Ltd.

The information on this website should be read in connection with Rusoro Mining's news release dated March 14, 2012 which addresses the Nationalization of Rusoro's Venezuelan mining assets by the Bolivarian Republic of Venezuela ("Venezuela") government and the subsequent news release dated August 22, 2016 announcing the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal ("Tribunal").

For a copy of the Award, please click here.


The Yuruan Project located 40km south of the town of El Dorado in Bolivar State, Venezuela. The Company's completed 14,676.5 m of drilling in 93 diamond drill holes in 2008 (12 holes for 2461m in 2007). Highlights include:

ddh from to m Au g/t Area
DY-08-39 74.00 77.00 3.00 11.39 Zona Norte
DY-07-14 48.00 55.30 7.30 4.00 Zona Norte
DY-08-65 23.50 32.00 8.50 6.49 Zona Central A
DY-08-32 59.00 63.00 4.00 10.55 Zona Central A
DY-08-73 101.80 107.50 5.70 39.10 Zona Central B
DY-08-26 103.00 104.00 1.00 21.64 Zona Sur
DY-08-43 96.00 97.00 1.00 15.80 Zona Sur

1) All thicknesses are core widths / true widths estimated at 80-90%.
2) All weighted averages calculated using uncut assays.

The drilling has been highly successful in outlining a series of gold mineralized zones including both broad gold zones in the oxidized saprolite and structurally controlled high grade veins. Exploration permits for the adjacent mineral title are expected shortly and additional drills will be mobilized to test a series of existing geological, geophysical, and geochemical anomalies.

The Yuruan Concession is contiguous with several other mineral titles, all 100% controlled by Rusoro, which total more than 11,000 hectares. Exploration is on-going and additional drilling will be completed directed at:

  1. Follow up drilling on the Yuruan Concession to further define high grade intercepts
  2. First pass drilling of several high priority anomalies on the adjacent mineral titles
Drilling to date has outlined a series of gold mineralized zones contained within a large regional-scale structural trend which cross the Yuruan Concession and extend on the adjacent Rusoro controlled mineral titles.

Of specific interest are a number of zones of high grade mineralization which are open along strike and to depth. At Zona Central A an area of mineralization 250m in strike and 500m wide 25m to 100m from surface with four sub-parallel structures has been identified. The mineralization ranges from 0.5 and 9.0 metres wide at 2.0g/t to 56.0 g/t Au. At Zona Sur an area 300m long by 25m wide has been tested from 30m to 185m depth identifying structures ranging from 0.5 to 5.0 metres wide grading from 1.5 to 29.3 g/t. Initial results from Zona Central B have identified a similar high grade anomalous area 150m in strike length with the majority of results yet to be received. A phase two drill program will will be carried out in 2010 to further define the extent of these zones.

The Yuruan Project exploration and drilling objectives for the 2010 programs will continue to be designed around the expansion of gold zones and the definition of gold resources, specifically focused on creating development options for expanding (or extending the mine life) of the existing operations and/or generating additional economic gold deposits for future mine development.

Cuyuni Venezuela gold mining map
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Yuruan Photos
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Rusoro Mining Ltd.
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