Rusoro Mining

Published : July 09th, 2008

drills 39.1 g/t Au over 5.7 m at Yuruan projectThread-Topic: Rusoro drills 39.1 g/t Au over 5.7 m at

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Keywords :   Canada | Diamond | Gold | K Street | Market | Venezuela |

                         RUSORO MINING LTD.

                                        Suite 2164 ? 1055 Dunsmuir Street, Four Bentall Centre

                                                                 Vancouver, BC V7X 1B1

                             Tel:  604-632-4044    Fax:  604-632-4045 Toll Free 1 800-668-0091

                                     Website: www.rusoro.com                email: info@rusoro.com

 

  Rusoro Reports Multiple High Grade Intercepts From Yuruan

 

July 8, 2008                                                                             Trading Symbol (TSX-V): RML

 

Vancouver, Canada - Rusoro Mining Ltd.., is pleased to provide the following update on drill

results for the Yuruan Project located 40km south of the town of El Dorado in Bolivar State,

Venezuela.

 

The current status of the Company?s exploration program on the Yuruan Project is as follows;

 

?                     The Company?s completed 14,676.5 m of drilling in 93 Diamond drill holes in the

      first six months of 2008 (12 holes for 2461m in 2007).  

 

?                     Results have been received for slightly more than half (53%) of the drilling to date. 

      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

 

                           NOTES:              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

in 2008 including;

 

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.  The Zones include (from north to South);

 

1)      Zona Norte ? mineralization consists of a series of gold mineralized shears with minor quartz veining.

 

ddh

from

to

m

Au g/t

Zone

DY-07-12

24.50

26.90

2.40

1.23

Zona Norte

DY-07-14

48.00

55.30

7.30

4.00

Zona Norte

incl.

49.00

50.00

1.00

15.71

Zona Norte

DY-07-14

125.00

126.00

1.00

3.33

Zona Norte

DY-08-39

74.00

77.00

3.00

11.39

Zona Norte

DY-08-39

77.00

87.00

10.00

2.25

Zona Norte

 

2)      Zona Central A & B ? is the largest zone outlined to date (includes the Maria Para pit) comprised

      primarily of structurally controlled high grade quartz veins.

 

ddh

from

to

m

Au g/t

Area

DY-07-17

6.00

6.80

0.80

6.46

Zona Central A

DY-07-18

7.00

7.50

0.50

12.65

Zona Central A

DY-07-19

154.65

158.00

3.35

3.30

Zona Central A

DY-08-32

18.10

21.80

3.70

2.42

Zona Central A

DY-08-32

59.00

63.00

4.00

10.55

Zona Central A

incl.

59.00

60.00

1.00

31.99

Zona Central A

DY-08-41

75.00

79.20

4.20

2.29

Zona Central A

DY-08-45

31.50

33.60

2.10

16.88

Zona Central A

incl.

31.50

32.10

0.60

56.77

Zona Central A

DY-08-55

121.00

123.00

2.00

10.25

Zona Central A

DY-08-63

66.00

72.30

6.30

3.46

Zona Central A

incl.

68.00

69.00

1.00

12.00

Zona Central A

DY-08-65

23.50

32.00

8.50

6.49

Zona Central A

DY-08-74

84.00

93.00

9.00

4.20

Zona Central A

DY-08-73

101.80

107.50

5.70

39.10

Zona Central B

incl.

104.90

105.50

0.60

355.50

Zona Central B

DY-08-73

110.00

116.80

6.80

1.02

Zona Central B

 

3)      Zona Sur ? a total of 25 holes have been completed to date outlining a series of sub-parallel gold

      mineralized structures including the main MP3 vein.

 

ddh

from

to

m

Au g/t

Zone

DY-07-23

31.50

32.70

1.20

10.33

Zona Sur

DY-08-25

46.70

48.90

2.20

6.28

Zona Sur

DY-08-26

103.00

104.00

1.00

21.64

Zona Sur

DY-08-29

143.00

148.00

5.00

1.53

Zona Sur

DY-08-43

96.00

98.70

2.70

6.10

Zona Sur

incl.

96.00

97.00

1.00

15.80

Zona Sur

DY-08-64

128.20

129.30

1.10

13.76

Zona Sur

incl.

128.20

128.70

0.50

29.25

Zona Sur

DY-08-64

141.00

142.85

1.85

8.02

Zona Sur

incl.

141.00

141.70

0.70

20.15

Zona Sur

DY-08-64

183.00

184.00

1.00

6.05

Zona Sur

              

                                        NOTES (for all tables):    1) All thicknesses are core widths / true widths estimated at 80-90%.

                                                                                2) All weighted averages calculated using uncut assays.

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 further define the extent of

these zones.

 

Rusoro is very pleased with the progress on the Yuruan Project. Exploration and drilling objectives for the

2008 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. 

The Company?s exploration programs continue to prove the world class geology of Venezuela for the

discovery of gold. 

 

Diamond drilling was conducted by Technodrilling and CorBeil Drilling of Puerto Ordaz, Venezuela. 

All drilling and drill sampling have been completed using industry standard practices.  All drill core is

described in detail and photographed and one half of the core remains for inspection and reference.

 

Sample analyses have been conducted at SGS labs and Triad Labs located in El Dorado and El Callao,

Bolivar State Venezuela.  All sample analyses were completed using industry standard practices and

standard samples, blanks and duplicate check samples were randomly inserted into the sample stream. 

A review of the QA/QC results shows no significant bias and all results are considered highly reliable. 

Sample rejects for all drill samples are stored in Rusoro?s secure facilities in Tumeremo, Venezuela, and

will continue to be available for any further testing which may be required.  All QA/QC is completed under

the direction of G.F. Smith, P.Geo.

 

Qualified Person:  Mr. Gregory Smith, P.Geo, the Vice-President Exploration of the Company, is the

Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the

technical information in this news release.

 

ON BEHALF OF THE BOARD

 

    ?George Salamis?

 

George Salamis, President

 

CONTACT INFORMATION

Tel: 604-632-4044         Fax: 604-632-4045                                                                                                  

Toll Free:  1-800-668-0091

Symbol: TSX-V:RML     Email: info@rusoro.com

Website: www.rusoro.com        

 

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are

forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business

conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions,

 the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company?s capability to

execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we

claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

?The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.?

 

 

Table ? List of all significant results to date (approx. 47% of samples pending) can be found with this news release at the

Company?s website www.rusoro.com .

 

Data and Statistics for these countries : Canada | Venezuela | All
Gold and Silver Prices for these countries : Canada | Venezuela | All

Rusoro Mining

PRODUCER
CODE : RML.V
ISIN : CA7822271028
CUSIP : 782227 10 2
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Rusoro Mining is a gold producing company based in Canada.

Its main assets in production are LA CAMORRA MILL, CHOCO 10 MINE and BLOCK B (ISIDORA ET AL) in Venezuela, its main assets in development are ISIDORA, SAN RAFAEL/EL PLACER and INCREDIBLE 6 in Venezuela and its main exploration properties are TRINIDAD, YURUAN, TWIN SHEAR, EMILIA MILL, CEIBA and VALLE HONDO in Venezuela.

Rusoro Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 38.1 millions as of today (US$ 30.5 millions, € 26.7 millions).

Its stock quote reached its highest recent level on December 01, 2006 at CA$ 4.19, and its lowest recent point on November 28, 2014 at CA$ 0.01.

Rusoro Mining has 544 770 048 shares outstanding.

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TSX-V (RML.V)FRANKFURT (PKJ2.F)
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