Rusoro Mining

Published : April 15th, 2010

SREP Results

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold | Venezuela |

           RUSORO MINING LTD.

 

 

Results Received from Underground Sampling at SREP Project

 

 

Vancouver, Canada -- Rusoro is pleased to report the results from recent underground sampling completed on

the main mineralized zone at the San Rafael / El Placer (SREP) Project, located in the El Dorado District, Bolivar

State, Venezuela. 

 

Rusoro completed the 1.5 kilometre underground ramp (4..5 metres wide by 5.0 metres high) in Q1 2010 to access

the main (E3 and D) mineralized zones at SREP.  Detailed sampling is being completed on the primary structure as

part of the on-going exploration and verification program designed to validate the existing resources and the current

block model.  Sampling completed between 18/03/2010 and 08/04/2010 on the -40m level (approximately 200m below

surface) has confirmed the width and grade of the main mineralized zone.  Weighted averages and vein results from

recent samples include;  

 

Date

Location

Weighted Average (1)

Primary Vein Sample (2)

Duplicate Vein Sample (3)

18/03/2010

-40E / 15.4m

9.26 g/t over 2.80m

53.7 g/t over 0.80m

10.77 g/t over 0.80m

24/03/2010

-40E / 18.1m

23.03 g/t over 3.10m

64.07 g/t over 0.60m

149.8 g/t over 0.60m

26/03/2010

-40E / 19.4m

2.08 g/t over 2.95m

5.33 g/t over 0.35m

7.05 g/t over 0.35m

29/03/2010

-40E / 20.8m

2.23 g/t over 2.20m

2.82 g/t over 0.52m

9.53 g/t over 0.52m

30/03/2010

-40E / 22.9m

14.24 g/t over 2.19m

53.79 g/t over 0.36m

94.61 g/t over 0.36m

05/04/2010

-40E / 29.0m

79.51 g/t over 3.15m

590.1 g/t over 0.40m

423.4 g/t over 0.40m

07/04/2010

-40E / 30.25m

34.26 g/t over 3.27m

115.53 g/t over 0.40m

148.44 g/t over 0.40m

08/04/2010

-40E / 32.0m

103.04 g/t over 3.38m

487.30 g/t over 0.43m

904.77 g/t over 0.43m

 

Notes;

1)    Weighted averages calculated using results from all individual mineralized samples (including quartz veins and

alteration) from each continuous chip sample section.  High grade results calculated using averaged results

from all sets of primary and duplicate samples.  All widths are true widths.  See table at end of news release

for individual sample results and descriptions.

2)    Primary vein samples collected as part of main sample profile.

3)    Duplicate vein samples collected one metre above primary sample.

 

Concurrently with the sampling program Rusoro?s consultant, Whillans Mine Studies Ltd., continues to advance the

SREP Pre-feasibility study on schedule to be completed within the next three weeks.   The study is modeling the

development, mining and processing of mineralized material from the indicated resources contained within the main E3

and D Zones.

 

Greg Smith, Rusoro?s V.P. Exploration commented that ?It is extremely positive that the underground sampling completed

to date confirms the results of our drilling and the grades and widths estimated in our resource model.  We will continue to

move forward with this verification work and the evaluation of the SREP mineralized Zones.?

 

The SREP Project currently has National Instrument 43-101 ("NI 43-101") compliant resources of 399,000 oz Au indicated

(639,000t @ 19.41g/t) and 523,500 oz Au Inferred (703,000t @ 23.16g/t).  The SREP Resource Estimate uses a cut off grade

of 8.0 g/t Au, a minimum width of one metre, a specific gravity of 2.80 g/cm3, and capping of high grade gold assays at 80 g/t Au

as detailed in a report titled "Technical Report on the San Rafael-El Placer and Days Vein Deposits, Bolivar State, Venezuela"

dated October 2, 2008.

 

Sample analyses have been conducted at independent commercial facilities ActLabs Lab in Tumeremo Venezuela, and Phoenix

Labs located in El Callao Venezuela.   All sample analyses was completed using industry standard fire assay practices and included

a rigorous Quality Assurance / Quality Control (QA/QC) program consisting of the insertion of standards, blanks and duplicate

samples randomly into the sample stream.  Additionally secondary check samples were collected and assayed on all vein intervals. 

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

will continue to be stored in Rusoro?s secure facilities in Tumeremo, Venezuela, and will be 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 NI 43-101, and is responsible for the accuracy of the technical data and information contained in this news release.

 

ON BEHALF OF THE BOARD OF RUSORO MINING LTD.

 

(signed) "George Salamis"

 

George Salamis
President

CONTACT INFORMATION

George Salamis, President
Tel:  604-632-4044 Fax:  604-682-1514
Toll Free:  1-800-668-0091
Symbol:  TSX-V: RML Email:  info@rusoro.com
Website:  www.rusoro.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements

 

Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements". Such

forward-looking statements, including but not limited to those with respect to the closing of the offering, involve known and unknown

risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rusoro to be materially different

from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include,

among other risks, risks related to the closing of the offering, as well as those factors discussed in the section entitled "Risk Factors" in

Rusoro's Annual Information Form dated December 12, 2008 as filed on SEDAR. Although Rusoro has attempted to identify important

factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated

or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

 

Detailed Sample Results and Descriptions

 

Section

Width (m)

Au g/t

check Au g/t

Description

-40E / 32.0m

0.44

3.27

 

Alt. zone + pyrite

 

0.63

1.13

 

Qtz. Vein w chlorite (VG)

 

0.20

22.97

14.63

Alt. zone + quartz vein

 

0.74

3.37

 

Alt. zone + pyrite

 

0.60

8.9

 

Qtz. Vein w chlorite

 

0.43

487.3

904.77

Qtz. Vein w chlorite

 

 

 

 

 

-40E / 30.25m

0.27

1.24

 

Alt. zone + pyrite

 

0.40

115.53

148.44

Qtz. Vein w chlorite (VG)

 

0.30

25.67

20.16

Alt. zone + quartz vein

 

0.82

5.88

 

Alt. zone + pyrite

 

0.36

70.79

144.72

Qtz. Vein w chlorite

 

0.80

11.35

8.09

Qtz. Vein w chlorite

 

0.32

1.95

 

Lapilli Tuff

 

 

 

 

 

-40E / 29.0m

0.30

6.63

 

Alt. zone

 

0.40

590.07

423.42

Qtz. Vein w chlorite (VG)

 

0.60

34.67

38.79

Qtz. Vein white

 

0.60

25.38

52.23

Qtz. Vein w chlorite

 

0.25

1.19

 

Alt. zone + quartz veinlets

 

1.00

0.16

 

Lapilli Tuff

 

 

 

 

 

-40E / 22.9m

0.25

3.19

 

Alt. zone

 

0.36

53.79

94.61

Qtz. Vein w chlorite (VG)

 

0.34

0.44

1.54

Qtz. Vein white

 

0.29

7.45

5.42

Qtz. Vein w chlorite

 

0.43

1.86

 

Alt. zone + quartz veinlets

 

0.52

0.69

 

Alt. zone

 

0.78

0.39

 

Lapilli Tuff

 

 

 

 

 

-40E / 20.8m

0.40

0.93

 

Alt. zone

 

0.52

2.82

9.53

Qtz. Vein w chlorite

 

0.50

0.83

 

Qtz. Vein white

 

0.48

1.78

 

Alt. zone + quartz veinlets

 

0.30

0.04

 

Alt. zone + quartz veinlets

 

0.78

0.04

 

Lapilli Tuff

 

 

 

 

 

-40E / 19.4m

0.40

6.59

3.48

Alt. zone w pyrite + qtz veinlets

 

0.30

4.31

3.27

Qtz. Vein w alt. zone

 

0.35

5.33

7.05

Qtz. Vein w alt. zone

 

0.20

0.52

 

Alt. zone w pyrite

 

0.40

0.14

 

Alt. zone + quartz veinlets

 

1.30

0.51

 

Alt. zone w pyrite

 

 

 

 

 

-40E / 18.1m

0.30

19.63

 

Alt. zone w pyrite + qtz veinlets

 

0.60

64.07

149.78

Qtz. Vein w chlorite

 

0.60

1.55

 

Alt. zone

 

0.80

0.45

 

Alt. zone w pyrite

 

0.80

0.09

 

Alt. zone + quartz veinlets

 

 

 

 

 

-40E / 15.44m

0.80

53.7

10.77

Qtz. Vein w Alt. Zone + pyrite

 

0.70

0.07

 

Alt. zone w pyrite

 

1.30

0.06

 

Alt. zone + quartz veinlets

Abbreviations; quartz (Qtz), alteration (Alt), with (w), and (+), visible gold (VG)

 

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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 670.1 millions as of today (US$ 490.5 millions, € 460.3 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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RML.V)FRANKFURT (PKJ2.F)
1.23+2.93%0.830+2.72%
TSX-V
CA$ 1.23
04/23 16:59 0.030
2.93%
Prev close Open
1.20 1.19
Low High
1.18 1.25
Year l/h YTD var.
0.570 -  1.29 105.00%
52 week l/h 52 week var.
0.075 -  1.29 1,347.06%
Volume 1 month var.
521,082 6.03%
24hGold TrendPower© : -38
Produces Gold
Develops Gold
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024211.39%
2023690.00%0.520.05
20220.00%0.100.04
202142.86%0.140.04
2020-41.67%0.080.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :