Rusoro sees feasibility study by mid-2010 on Venezuela mine expansion

TSX Venture Exchange-listed Rusoro Mining expects to finalise a feasibility study on expanding output at its Choco 10 mine in the first half of next year, and will then set about raising the $220-million or so that it needs to fund the project....

Rusoro gets key permit for Increible 6

Vancouver-based Rusoro Mining has received an exploitation permit from Venezuela's Ministry of Basic Industry and Mines to begin mining at the Increible 6 gold deposit in the country's Bolivar State mining region. The deposit is about eight...

Choco 10 mill expansion project, Venezuela

A positive preliminary assessment on the Choco 10 mine has outlined favourable economics for the expansion of the mine from 170 000 oz/y to 500 000 oz/y of gold.

Choco 10 expansion study to be completed before mid-2010 – Rusoro

A feasibility study for a large expansion project at Canadian gold-miner Rusoro Mining’s Choco 10 mine and the nearby Increible 6 gold deposit, in Venezuela, will be completed in the first half of next year. The study followed on a positive...

Rusoro withdraws hostile Gold Reserve bid after injunction granted

Vancouver based Rusoro Mining has withdrawn its hostile takeover bid for Gold Reserve, the company announced on Tuesday. Earlier in the day, Ontario Superior Court Justice Peter Cumming granted Gold Reserve an interlocutory injunction...

Gold Reserve gets injunction to block Rusoro bid

The Ontario Superior Court of Justice has granted an interlocutory injunction restraining Rusoro Mining from proceeding with a hostile takeover bid for Gold Reserve, until a trial into the matter is concluded. Gold Reserve applied for an...

Legal claims are 'completely unfounded' – Rusoro president

Allegations that Vancouver-based Rusoro Mining's financial advisers had inappropriate access to confidential information when it prepared a hostile takeover bid for Gold Reserve are “completely unfounded”, president George Salamis asserted on...

Rusoro eyes another Venezuela mine, launches bid for Gold Reserve

TSX Venture Exchange-listed Rusoro Mining has announced an unsolicited, all-share takeover bid for Gold Reserve, in a move to gain control of the company's large copper/gold project, in Venezuela. Gold Reserve's Brisas mine has been stalled after...

Rusoro makes a move on Gold Reserve, but offer spurned as 'inadequate'

TSX-listed Gold Reserve, which is developing the Brisas gold project, in Venezuela, has rejected an unsolicited takeover proposal from Rusoro Mining as “inadequate”. Rusoro had proposed to exchange two of its own shares for every Gold Reserve...

Choco 10 expansion, Venezuela

The project will entail studies to establish the viability of expanding the Chocco 10 mine.

Venezuela govt to form gold-mining venture with 'partner of choice' Rusoro

Vancouver-based Rusoro, which has bought gold-mining assets in Venezuela from both Hecla Mining and Gold Fields over the last 12 months, has been named as the country's “partner of choice” in the gold-mining industry, the firm revealed on...

Crystallex hopeful, but still waiting for Venezuela permit

Toronto-based Crystallex International, which is waiting for the Venezuelan government to issue a permit to enable it to start building its Las Cristinas project, in the country's Bolivar state, continues to receive encouraging intimations...