GRZ.TO. Promising news regarding permitting.
Gold Reserve Inc (C-GRZ) - News Release
Gold Reserve obtains permits for Brisas development
2006-01-04 14:58 ET - News Release
Shares issued 38,986,807
GRZ Close 2006-01-03 C$ 3.54
Mr. A. Douglas Belanger reports
GOLD RESERVE RECEIVES PERMITS FOR DETAILED ENGINEERING ACTIVITIES ON THE BRISAS PROJECT
Gold Reserve Inc.'s subsidiary, Compania Aurifera Brisas del Cuyuni CA, operator of the Brisas project, has received from the Ministry of Environment and Natural Resources (MARNR) additional permits for the company's continuing detailed engineering activities related to the development of the Brisas gold and copper project.
The permits are for geotechnical drilling to support detailed engineering work related to pit-slope analysis, crusher design, process facility design, tailing dam design and overall site development 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 to receive these permits from the government allowing for the continued development of the Brisas project in anticipation of the final permitting for construction."
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