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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (2576)	1/5/2006 2:32:35 AM
From: Andrew	Read Replies (1) \| Respond to of 29622

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." We seek Safe Harbor.