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Choco 10 Mine
Choco 10 Mine
Country Venezuela 
Province Bolivar
Close to El callao
Status PRODUCTION 
Surface 72 km² / 17,826 acres
Latitude / Longitude 7 N 17 / 61 W 56
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Produces Gold -
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Risk and valuation analysis of the Choco 10 Mine
Status Risk : Production
Country Risk : Very High
Resource Risk : 42.00%
In situ value
15,332,592,037 $
    Link to technical report
Title(s) of the Choco 10 Mine
Rusoro Mining
Owner: 100%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Location of the Choco 10 Mine
The Choco 10 gold mine is located on the Choco 4 and 10 concession, close to the historic gold mining town of El Callao in Bolivar state, Venezuela. The property includes a number of relatively low grade gold deposits which are currently being mined as open pits.
 
History of the Choco 10 Mine
Operation of the Choco 10 mine was initiated by Bolivar Gold Inc. through its Venezuelan subsidiary PMG in 2005 and sold to Gold Fields in March, 2006. Open pit mining has, to date, focused on weathered or oxidized material in the Pisolita, Coacia and Rosika deposits. The Choco 10 mine commenced production in August, 2005.
 
Reserves and resources of the Choco 10 Mine
TonnageGradeReserves and resources
GoldGold
g/toz
 Mesured and Indicated139,910,0001.85 8 321 690
 Inferred59,162,0001.48 2 815 112
 Total 199 072 000 11 136 802
Definitions
Reserves and resources of the Choco 10 Mine
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMesured and IndicatedInferred
 Gold 11 136 802 8 321 690 2 815 112oz15 141 595 884 US$
Production history
Metal20092007
GOLD (oz)126,00054,600
Production Objectives
Metal20132014201520162017
GOLD (oz)10,00010,00010,00010,00010,000
Location
Data last updated on : 12/22/2010
Disclaimer
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