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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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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%
Title
Company Profile
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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
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Mesured and Indicated
139,910,000
1.85
8 321 690
Inferred
59,162,000
1.48
2 815 112
Total
199 072 000
11 136 802
Definitions
Reserves and resources of the Choco 10 Mine
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Mesured and Indicated
Inferred
Gold
11 136 802
8 321 690
2 815 112
oz
15 141 595 884 US$
Production history
Metal
2009
2007
GOLD (oz)
126,000
54,600
Production Objectives
Metal
2013
2014
2015
2016
2017
GOLD (oz)
10,000
10,000
10,000
10,000
10,000
Exploration and drilling
9/11/2009
Receives Exploitation Permit to Bring the Increible 6 Gold D...
7/21/2009
Rusoro Mining Initiates Major Engineering Studies
1/15/2009
Reports Record Gold Production and Record Low Cash Costs fo...
12/22/2008
Reports Record Gold Production and Record Low Cash Costs at ...
5/9/2008
Scoping/Feasibility Studies Awarded
12/10/2007
News Release - Choco 10 update
Discoveries and Drilling Results
7/6/2010
Announces Updated Resource Estimate for the Choco 10
7/6/2010
Announces Updated Resource Estimate for the Choco 10 Deposit...
7/6/2010
Announces Updated Resource Estimate for the Choco 10 Deposit...
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
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