I have a feeing that a lot of things have been taken out of context during translation regarding Chavez and mining policy in Venezuela.
Below are several news releases from GRZ. I'm out of it for now but political concerns would not keep me out of it.
Of course one must make their own choices and there is always risk with Gold mining.
--------------------------------------------------
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."
We seek Safe Harbor.
------------------------------------------------------
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.
----------------------------------------------------------
Gold Reserve Inc (C-GRZ) - News Release
Gold Reserve sets up health care centre near Brisas
2006-01-06 16:01 ET - News Release
Shares issued 38,986,807
GRZ Close 2006-01-05 C$ 4.19
Mr. A. Douglas Belanger reports
GOLD RESERVE COMPLETES NEW HEALTH CARE CENTER NEAR BRISAS GOLD/COPPER PROJECT
Gold Reserve Inc. has completed the construction of a new health care centre at KM 88, Bolivar State, southeastern Venezuela, for the benefit of the communities nearby the Brisas project. At a recent ceremony, the clinic was handed over to the Mission Barrio Adentro (Mission into the Neighborhood) health program, a program to provide health and dental care to the poor initiated by Venezuelan President Chavez.
The company works closely with the local community on various social issues and continues to pursue its proposal to the Ministry of Basic Industries and Mines (MIBAM) to implement a support program within the framework of Mission Piar, another one of President Chavez's social initiatives directed at local small miners, encompassing technical assistance and training, and mitigating environmental impact as well as the integration of the small miners into the formal economy.
In recognition of its commitment to social issues, the Latin America Mining Organization (OLAMI), an industry association that represents and promotes mining in 16 Latin American countries, previously recognized the company with a special award for excellence in social management during the preoperational stage.
Doug Belanger, president of Gold Reserve, stated, "We are proud to be a supporter of the local communities and its residents and the recent completion of the new community health care centre is an example of our continuing efforts to support the local communities in which we work."
We seek Safe Harbor.
----------------------------------------------------
Gold Reserve Inc (C-GRZ) - News Release
Gold Reserve issued quarry permit for Brisas project
2006-03-16 13:58 ET - News Release
Shares issued 39,059,326
GRZ Close 2006-03-15 C$ 5.40
Mr. A. Douglas Belanger reports
GOLD RESERVE ANNOUNCES RECEIPT OF PERMIT TO IMPACT NATURAL RESOURCES FOR THE AGGREGATE QUARRY FOR THE BRISAS PROJECT
The Ministry of the Environment and Natural Resources (MARN) in Venezuela has issued to Gold Reserve Inc. the permit to impact natural resources for the quarry on the Barbarita property which would provide aggregate for the company's adjacent Brisas project.
Gold Reserve announced previously that it had been granted the rights to explore and develop a quarry on the Barbarita property for its Brisas project by the Mining Institute (IAMIB) of Bolivar state, Venezuela. Aggregate is required for the construction and operating phase of the Brisas project which is currently expected to produce an average of 486,000 ounces of gold and 63 million pounds of copper annually. The Barbarita concession is located approximately five kilometres from the Brisas project site and near the planned mill site.
Doug Belanger, president of Gold Reserve, stated, "MARN's granting of the permit to impact natural resources for the Barbarita aggregate quarry that would service the Brisas project is an important element for the development of the Brisas mine."
We seek Safe Harbor. |
