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Reuters and the National Post feature Rusoro Mining
Gold Reserve bid just first step, Rusoro CEO says
Published January 7, 2009
Cameron French
TORONTO (Reuters) - Rusoro Mining's (RML.V) C$120 million ($101 million)
bid for Gold Reserve (GRZ.TO) is the "starting point" of what
could be a consolidation of Canadian-operated gold assets in Venezuela,
the company's president said on Wednesday.
"The bid will succeed," Rusoro's George Salamis said of the
3-for-1 share offer, which has received stiff opposition and even a legal
challenge from Gold Reserve, which has been struggling to get permits to
mine its 10 million ounce Brisas concession in the Kilometer 88 area of Venezuela.
Full
Article
Vancouver-based Rusoro consolidating Venezuela's
gold industry
Published January 6, 2009
Peter Koven
George Salamis is confident about Rusoro
Mining Ltd.'s ability to get gold mining done in Venezuela.
So confident, in fact, that he believes his company can break the
industry's most famous political deadlock.
Southeast Venezuela is home to Las Cristinas and Brisas, two of the
world's best undeveloped gold deposits. They sit side-by-side in the
Kilometre 88 district and hold more than 30 million ounces of measured
and indicated gold reserves.
Full
Article
For more information, please contact:
Keith Schaefer, Investor Relations
Vanguard Shareholder Solutions
Tel: 604-608-0824
Toll Free: 1-866-591-0825
www.rusoro.com
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