Rusoro Mining

Published : September 05th, 2008

Signs Landmark Agreements with GovernmentThread-Topic: Rusoro Signs Landmark Agreements with Governm

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Keywords :   Canada | 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 Completes Landmark Agreements with Venezuelan

               Government to Custom Mill Ore for Minerven and

                    Officially Process Ore for the Isidora Mine JV

 

Sept., 5th 2008                                                                                 Trading symbol (TSX-V): RML

 

Vancouver, Canada -- Rusoro Mining is pleased to announce that it has formally completed landmark

agreements with MIBAM to custom mill ore from various MINERVEN operations in the El Callao

District and to officially begin processing the ore being developed at the Isidora Mine.

 

? A series of contracts will allow Rusoro to process ore at Choco 10 for MINERVEN.  The ore

  will include sands, tailings and other sources being evaluated from their various operations.  

  The contracts have established that 2,000,000 tonnes of gold bearing tailings and sands are

  available from MINERVEN for contract milling.  The contract between the Venezuelan

  Government and a foreign mining company represents the first of its kind in Venezuela

 

? A formal agreement with the Government was also completed to process 50,000 dry tonnes of

  ore mined from Isidora at the Choco 10 mill, as part of the recently announced JV between Rusoro

  Mining and MIBAM/MINERVEN

 

? Production from underground at Isidora was officially re-initiated during the month of August,

  with over 2200 tonnes of high grade ore, grading in excess of 30g/t, ready for shipment to Choco 10

  for processing

 

Rusoro President, George Salamis stated, ?The Company is very pleased to have concluded these agreements

and officially become a partner with the Venezuelan Government.  The company expects to build on this

precedent setting relationship and looks forward to developing additional revenue generating agreements in

the near term?.

 

NI-43-101 Compliance and QA/QC

 

Sample analyses have been conducted at independent commercial assays labs located in Bolivar State

Venezuela including; Actlabs in Tumeremo, ACME Lab in Guasipati and Triad Labs located in El Callao. 

All sample analyses was 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

samples are retained and are available for any further testing which may be required. 

 

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 data contained

within this news release.

 

About Rusoro

 

In the last 12 months, Rusoro has successfully completed the acquisition of two operating mines in Venezuela

The Company currently operates the fully permitted Choco 10 and Isidora Mines, processing the ore through the

Choco Mill facility near the town of El Callao. The Company has significant 43-101 compliant gold resources and

has targeted production of approximately 150,000 oz/Au in 2008. Rusoro is currently working on expanding its

production at both the Choco 10 Mill in El Callao and the Emilia Mill in El Dorado where the fully-permitted SREP

Mine is located.

 

ON BEHALF OF THE BOARD
"George Salamis"
George Salamis, President

CONTACT INFORMATION
George Salamis, President
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.

 

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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In the News and Medias of Rusoro Mining
1/9/2009featured in National Post and Reuters articles
6/27/2000Hecla's La Camorra Mine Producing At Record Rates
Nominations of Rusoro Mining
5/15/2008Appointments
1/8/2008Appoints new COO
9/27/2007Appoints Omar Salas as CFO
9/4/2007Appoints George Salamis as President
Financials of Rusoro Mining
6/30/2011Reports Q1 2011 Financial Results
8/29/2008Reports Q2 2008 Financial Results
Project news of Rusoro Mining
7/6/2010(Choco 10 Mine)Announces Updated Resource Estimate for the Choco 10 Deposit...
7/20/2009(Choco 10 Mine)Rusoro Mining Initiates Major Engineering Studies
1/14/2009(Choco 10 Mine)Reports Record Gold Production and Record Low Cash Costs fo...
12/19/2008(Choco 10 Mine)Reports Record Gold Production and Record Low Cash Costs at ...
9/6/2008(Isidora)Completes Landmark Agreements with Venezuelan Government to ...
8/7/2008(Isidora) Report Filed for Isidora and Twin Shear Projects Acquired F...
5/9/2008(Choco 10 Mine)Scoping/Feasibility Studies Awarded
1/23/2008Choco 10 Production/Permitting Update
12/10/2007(Choco 10 Mine)News Release - Choco 10 update
11/29/2007UPDATED 43-101 ACCEPTED FOR FILING RUSORO DRILLS 21m of 8.44...
11/21/2007(Choco 10 Mine)2007 Technical report
6/11/2007Intersects 37m of 9.34g/t Au and 21m of 4.72g/t Au in Separ...
5/23/2007Numerous High Grade Intercepts
4/30/2007In-Fill Diamond Drilling Confirms Continuity of High Grade G...
Corporate news of Rusoro Mining
6/25/2015Rusoro Provides Update On Status Of International Arbitratio...
1/23/2014Adopts Advance Notice Policy
1/23/2014Adopts Advance Notice Policy
9/22/2011NR - Gold Law Update
6/16/2011NR
6/14/2011Reports on its Loan Repayment Status
6/22/2010Makes Second Payment of Restructured Secured Exchangeable Lo...
6/11/2010Loan Restructuring Closes
4/15/2010SREP Results
1/12/2010Positive Change in Exchange Rate Policy
11/19/2009Purchases Portion of loan
9/25/2009Aims to be Producing 540,000 Ounces of Gold Per Year By 2012
8/25/2009Q2 Record Production and Low Cash Costs
7/20/2009Initiates Major Engineering Studies at Choco 10 and San Rafa...
6/2/2009reports net income of $0.5 million for Q1 2009 and record pr...
6/1/2009Reports Positive Q1 and Record Production
5/19/2009Preliminary Assessment for Choco 10 Expansion
5/19/2009Reinhard Updates Rusoro Mining
5/19/2009Preliminary Assessment: Production Expansion of Choco 10
3/2/2009Midas Letter interviews Rusoro President George Salamis
2/25/2009Winston highlights Rusoro's rapid growth and low cash costs
2/24/2009Reports Record Gold Production and Cash Costs for January 20...
2/10/2009Withdraws Offer for Gold ReserveThread-Topic: Rusoro Withdra...
2/9/2009OSC SETS HEARING DATE TO CONSIDER CEASE TRADE OF GOLD RESERV...
1/28/2009insiders buying, growing production & positive cash flow
2/2/2009 Applies to Terminate GRZ Poison PillThread-Topic: Ruoro NR ...
1/21/2009featured in 'Business in Vancouver' magazine
1/20/2009Extends Expiry Date of Gold Reserve takeover BidThread-Topic...
1/14/2009Record Production/Cash Costs Q4 2008Thread-Topic: Rusoro NR ...
1/15/2009Reuters covers Rusoro Mining
1/13/2009Blogger interviews George Salamis, President of Rusoro Minin...
1/9/2009Reinhard reviews Rusoro’s takeover bid for Gold Reserve
1/5/2009Responds to Gold Reserve's Directors' Circular.Thread-Topic:...
1/5/2009Responds to Gold Reserve=E2??s Directors=E2?? Circular and O...
12/30/2008Entrenched Gold Reserve Management Continues to Attempt to D...
12/22/2008Mails Bid Documents to Gold Reserve Shareholders; Amends Fil...
12/19/2008Two Rusoro Mining clips from today's BNN Commodities Report
12/19/2008to Defend Against GRZ Attempt to Disenfranchise Own Sharehol...
12/19/2008TO DEFEND AGAINST GOLD RESERVE?S ATTEMPTS TO DISENFRANCHISE ...
12/15/2008LAUNCHES TAKE-OVER BID FOR GOLD RESERVEThread-Topic: RUSORO ...
12/17/2008The Offer From Rusoro Could Be The Best Christmas Present Sh...
12/16/2008FULLY COMMITTED TO BID FOR GOLD RESERVEThread-Topic: RUSORO ...
11/3/2008Expands Resources and Increases Grade at SREPThread-Topic: R...
9/16/2008? Annual General Meeting Results
9/9/2008advances in Venezuela says MineWeb.com
9/5/2008Signs Landmark Agreements with GovernmentThread-Topic: Rusor...
8/28/2008Responds to Gold Reserve News Release
7/10/2008Partners With Venezuelan Govt. - Hecla Assets Acquisition Cl...
7/9/2008drills 39.1 g/t Au over 5.7 m at Yuruan projectThread-Topic:...
6/20/2008NR - Hecla Venezuelan Assets AcquisitionThread-Topic: Rusoro...
5/1/2008CONFIRMS GOOD STANDING WITH GOVERNMENT AGENCIES IN VENEZUELA
4/23/2008Positive Meetings With Mines Minister
12/3/2007Choco 10 Acquisition Closes
11/26/2007 Drilling Starts at Valle Hondo
11/15/2007DRILLS 37m of 9.34g/t Au AT INCREIBLE 6 ALL MAIN GOLD ZONES ...
10/12/2007RAISES $210 MILLION FOR ACQUISITION OF GOLD FIELDS VENEZUELA...
10/12/2007to Acquire Gold Fields’ Venezuelan Assets to become Immediat...
9/11/2007Management Additions at AGM
4/19/2007Positive Results Continue at Increible 6 Gold Project, Boliv...
3/22/2007News reslease
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TSX-V (RML.V)FRANKFURT (PKJ2.F)
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