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Brisas Project
Brisas
Country
Venezuela
Province
Bolivar
Close to
Ciratobo
Status
MINE DEVELOPMENT
Surface
5 km² / 1,236 acres
Latitude / Longitude
06 N 11 / 61 W 26
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Copper - Gold -
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Risk and valuation analysis of the Brisas Project
Status Risk : Mine Development
Country Risk : Very High
Resource Risk : 64.00%
In situ value
33,729,540,157 $
Title(s) of the Brisas Project
Gold Reserve Inc
Owner: 100%
Title
Company Profile
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Company website
Company project page
The Company, through a wholly owned Venezuelan subsidiary, acquired the mining title to the Brisas alluvial gold concession in 1992.
Location of the Brisas Project
The site is 373-km southeast of Puerto Ordaz or 88 km south of El Dorado on Highway 10, a paved road. A well-maintained gravel road accesses the property, 3.5 km west of the Kilometer 88 marker post on Highway 10.
History of the Brisas Project
Before its acquisition by Gold Reserve Inc. (GRI) in 1992, local owners and also illegal miners worked the property on a small scale. GRI began exploration activity in late 1992 and continued various drilling programs through the present time. A tot
more...
Geology of the Brisas Project
Geologic correlation has identified a stratigraphic sequence from top to bottom of: 1) a thick unit of vitric tuff; 2) a two hundred meter thick unit consisting of mixed lapilli tuffs, crystal tuffs and vitric tuffs characterized by rapid vertical an
more...
Reserves and resources of the Brisas Project
Tonnage
Grade
Reserves and resources
Copper
Gold
Copper
Gold
%
g/t
lbs
oz
Proven
237,457,000
0.12
0.71
628 203 689
5 420 438
Probable
245,050,000
0.14
0.61
756 339 883
4 805 910
Proven and Probable
482,507,000
0.13
0.66
1 384 543 572
10 226 348
Measured
256,483,000
0.12
0.71
672 883 386
5 854 745
Indicated
300,367,000
0.13
0.62
887 342 483
5 987 354
Mesured and Indicated
556,850,000
0.13
0.66
1 560 225 870
11 842 100
Inferred
121,067,000
0.12
0.59
314 950 315
2 277 051
Total
1 160 424 000
3 259 719 757
24 345 498
Definitions
Reserves and resources of the Brisas Project
Metal
Total
Reserves
Mineralized Material
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
24 345 498
5 420 438
4 805 910
10 226 348
5 854 745
5 987 354
11 842 100
2 277 051
oz
33 725 818 503 US$
Copper
3 259 719 757
628 203 689
756 339 883
1 384 543 572
672 883 386
887 342 483
1 560 225 870
314 950 315
lbs
11 003 184 039 US$
Production Objectives
Metal
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
GOLD (oz)
457,000
457,000
457,000
457,000
457,000
457,000
457,000
457,000
457,000
457,000
Exploration and drilling
8/3/2011
. Provides Update To ICSID Arbitration
1/14/2009
Comments on News Reports Regarding Brisas
Location
Data last updated on : 3/31/2008
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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