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Gold Reserve Announces Receipt of Permit to Impact Natural Resources for the Aggregate Quarry for the Brisas Project
Gold Reserve Announces Receipt of Permit to Impact Natural Resources for the Aggregate Quarry for the Brisas Project.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\n\nSPOKANE, WA, March 16 /CNW/ - Gold Reserve Inc. (TSX: GRZ - AMEX:GRZ)\nreported today that the Ministry of the Environment and Natural Resources\n(\"MARN\") in Venezuela has issued to the Company the \"Permit to Impact Natural\nResources\" for the quarry on the Barbarita property which would provide\naggregate for the Company's adjacent Brisas project.\nGold Reserve announced previously that it had been granted the rights to\nexplore and develop a quarry on the Barbarita property for its Brisas project\nby the Mining Institute (IAMIB) of Bolivar State, Venezuela. Aggregate is\nrequired for the construction and operating phase of the Brisas project which\nis currently expected to produce an average of 486,000 ounces of gold and 63\nmillion pounds of copper annually. The Barbarita concession is located\napproximately 5 kilometers from the Brisas project site and near the planned\nmill site.\nDoug Belanger, President of Gold Reserve stated, \"MARN's granting of the\nPermit to Impact Natural Resources for the Barbarita aggregate quarry that\nwould service the Brisas project is an important element for the development\nof the Brisas mine.\"\nGold Reserve Inc. is a Canadian company, which holds the rights to the\nBrisas gold/copper project and the Choco 5 gold exploration property in\nBolivar State, Venezuela. Construction of the Brisas project is expected to\ncommence upon the issuance of the construction permit by the Ministry of\nEnvironment and Natural Resources and securing sufficient debt and equity\nfunding.\n\nCertain statements included herein, including those that express\nmanagement's expectations or estimates of our future performance, constitute\n\"forward-looking statements\" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995. Forward-looking statements are\nnecessarily based upon a number of estimates and assumptions that, while\nconsidered reasonable by management are inherently subject to significant\nbusiness, economic and competitive uncertainties and contingencies. We caution\nthat such forward-looking statements involve known and unknown risks,\nuncertainties and other risk factors that may cause the actual financial\nresults, performance, or achievements of Gold Reserve to be materially\ndifferent from our estimated future results, performance, or achievements\nexp...