Rusoro Mining

Published : June 11th, 2007

Intersects 37m of 9.34g/t Au and 21m of 4.72g/t Au in Separate Zones at Increible 6

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                             RUSORO MINING LTD.

                  355 Burrard Street, Suite 830     Vancouver, BC  V6C 2G8

                                        Tel:  604-682-1545    Fax:  604-682-1514

 

 

                Rusoro Mining Intersects 37m of 9.34g/t Au and

              21m of 4.72g/t Au in Separate Zones at Increible 6

 

 

 

June 11, 2007                                                                                   Trading symbol (TSX-V): RML

 

Vancouver, Canada – Rusoro Mining Ltd. is pleased to provide another update on results from ongoing

drilling at the Increible 6 Project in Bolivar State, Venezuela.  The four main zones (Culebra, Elisa, Olga and

Cristina) all continue to be enhanced by the results of the 31 drill holes reported in this news release.

 

Ø      The Culebra Zone has been extended 100m by a series of wide, near surface intercepts which average

      1.65 g/t over 68.0 metres and intersected above average grade mineralization in a number of holes

      within the zone including 9.34 g/t over 37.0 metres   

 

Ø      The Elisa Zone has been extended a further 50m including drill hole IRS-89 which intersected

      4.72 g/t over 21.0 metres and an additional 3.47 g/t over 19.0 metres          

 

Ø      A 50 metre step out hole at the Olga Zone intersected the best intercept to date with a weighted

      average of 3.31 g/t Au over 17.0 metres.

Ø      Drilling at the Cristina Zone returned 3.65 g/t Au over 10m and 2.54 g/t Au over 16m.

 

Highlights include:

 

Drill Hole

Zone

type

grade g/t

m

from (m)

to (m)

IRS-173

Culebra

RC

1.83

58.0

12.0

70.0

IRS-174

Culebra

RC

1.46

77.0

34.0

111.0

IRS-179

Culebra

RC

1.67

39.0

40.0

79.0

IRS-184

Culebra

RC

2.51

19.0

5.0

24.0

IRS-189

Culebra

RC

9.34

37.0

31.0

68.0

IRS-89

Elisa

RC

4.72

21.0

159.0

181.0

IRS-89

Elisa

RC

3.47

19.0

230.0

249.0

IC-07-344

Olga

ddh

3.31

17.0

118.0

135.0

IRS-146

Cristina

RC

3.65

10.0

65.0

75.0

IRS-156

Cristina

RC

2.54

16.0

20.0

36.0

 

           NOTES: 1) All thicknesses are core widths / true widths estimated at 80-85%.

                                            2) All weighted averages calculated using uncut assays.

                                            3) Table of all new results included at the end of this news release.

 


The majority of the recent results received have been for the Culebra Zone.  The Company is particularly

encouraged by the significant extensions along strike by the series of wide, near surface intercepts

including: 1.83g/t over 58.0m, 1.46 g/t over 77.0m, and 1.67 g/t over 39.0m which all enter mineralization

from 12m to 40m of surface.  On a second sub-parallel structure 20 metres to the north being drilled as part

of the in-fill program, drill hole IRS-189 intersected 9.34 g/t over 37.0 metres from 31.0 to 68.0 metres.

 

These current results are considered extremely positive for each of the four main areas that make up the

Incredible 6 project to date.  The 31 drill holes represent a total of 4532 metres of drilling which was

completed during April and May 2007.

 

There are currently three diamond drills and one RC drill working on the Increible 6 Project.  Maps and

Cross sections detailing the location of the drill holes reported in this release will be posted on the Company’s

website at www.rusoro.com

 

Diamond drilling was conducted by Core Biel Drilling of Puerto Ordaz, Venezuela.  RC drilling was completed

by AK Drilling of Peru.  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, 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 to ensure quality control.  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 this news release.

 

 

ON BEHALF OF THE BOARD

    “Mario Szotlender”

Mario Szotlender, President

 

 

CONTACT INFORMATION

Ross Gatensbury

Tel: 604-682-1545         Fax: 604-682-1514

Toll Free:  1-800-668-0091

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

Website: www.rusoro.com

 

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


              INCREIBLE 6 GOLD PROJECT - Additional Mineralized Intercepts - 08/06/2007

 

Drill Hole

Zone

type

grade g/t

m

from (m)

to (m)

IRS-169

Culebra

RC

0.59

2.0

29.0

31.0

IRS-169

Culebra

RC

1.55

5.0

148.0

153.0

IRS-169

Culebra

RC

1.28

6.0

179.0

185.0

IRS-172

Culebra

RC

1.34

25.0

112.0

137.0

IRS-173

Culebra

RC

1.83

58.0

12.0

70.0

IRS-174

Culebra

RC

1.46

77.0

34.0

111.0

IRS-176

Culebra

RC

1.30

4.0

31.0

35.0

IRS-179

Culebra

RC

1.67

39.0

40.0

79.0

IRS-180

Culebra

RC

0.95

46.0

0.0

46.0

IRS-180

Culebra

RC

2.95

10.0

130.0

140.0

IRS-181

Culebra

RC

1.03

8.0

36.0

44.0

IRS-183

Culebra

RC

6.61

2.0

11.0

13.0

IRS-184

Culebra

RC

2.51

19.0

5.0

24.0

IRS-184

Culebra

RC

2.01

6.0

50.0

56.0

IRS-185

Culebra

RC

1.30

23.0

16.0

39.0

IRS-189

Culebra

RC

9.34

37.0

31.0

68.0

IRS-190

Culebra

RC

4.93

7.0

37.0

44.0

IRS-192

Culebra

RC

1.15

27.0

67.0

94.0

IRS-193

Culebra

RC

1.56

15.0

0.0

15.0

IRS-193

Culebra

RC

4.12

3.0

31.0

34.0

IRS-193

Culebra

RC

5.80

9.0

46.0

55.0

IRS-194

Culebra

RC

4.16

7.0

32.0

39.0

IRS-199

Culebra

RC

0.70

2.0

40.0

42.0

IRS-199

Culebra

RC

0.87

4.0

11.0

15.0

IRS-201

Culebra

RC

1.02

4.0

0.0

4.0

IRS-215

Culebra

RC

0.88

2.0

100.0

102.0

IRS-217

Culebra

RC

1.99

8.0

130.0

138.0

IRS-217

Culebra

RC

4.52

21.0

259.0

280.0

IC-07-332

Elisa

ddh

0.59

29.0

244.0

273.0

IC-07-332

Elisa

ddh

14.14

3.0

407.0

410.0

IC-07-350

Elisa

ddh

1.37

6.0

186.0

192.0

IC-07-350

Elisa

ddh

0.64

3.0

207.0

210.0

IRS-89

Elisa

RC

4.72

21.0

159.0

181.0

IRS-89

Elisa

RC

3.47

19.0

230.0

249.0

IRS-118

Elisa

RC

3.20

4.0

0.0

4.0

IRS-122

Elisa

RC

3.70

7.0

19.0

26.0

IRS-123

Elisa

RC

1.36

16.0

26.0

42.0

IRS-130

Elisa

RC

1.97

6.0

96.0

102.0

IC-07-343

Olga

ddh

1.78

8.0

111.0

119.0

IC-07-344

Olga

ddh

0.79

4.5

27.0

31.5

IC-07-344

Olga

ddh

3.31

17.0

118.0

135.0

IC-07-345

Olga

ddh

0.50

2.0

106.0

108.0

IRS-146

Cristina

RC

3.65

10.0

65.0

75.0

IRS-156

Cristina

RC

2.54

16.0

20.0

36.0

 

 

NOTES:         1) All thicknesses are core widths / true widths estimated at 80-85%.

                                        2) All weighted averages calculated using uncut assays.

 

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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