Here is some good news also IMO.
Gold Reserve Inc (C-GRZ) - News Release
Gold Reserve gets Brisas concession from Venezuelans
2005-11-30 15:49 ET - News Release
Shares issued 38,865,957
GRZ Close 2005-11-30 C$ 2.45
Mr. Douglas Belanger reports
GOLD RESERVE RECEIVES BRISAS QUARRY CONCESSION
The government of Bolivar state, Venezuela, through its Mining Institute (IAMIB), granted Compania Aurifera Brisas del Cuyuni, CA, operator of the Brisas project and subsidiary of Gold Reserve Inc., a 400-hectare concession for the exploration and exploitation of rock and aggregates to support the Brisas gold/copper project.
The quarry site, located within the Brisas project area in the KM 88 mining district, is planned to be used for the construction of infrastructure for the Brisas project which is anticipated to use conventional open-pit mining methods with the processing of ore at full production of 70,000 tonnes per day, yielding an average annual production of 486,000 ounces of gold and 63 million pounds of copper over an estimated mine life of approximately 18 years.
Doug Belanger, president, stated, "We are pleased that Iamib has issued our quarry concession, an indication that we are making progress in our efforts to obtain the required permit to start construction on the Brisas project."
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