Business
Gold Reserve Inc. retains Rubenstein Investor Relations
Gold Reserve Inc. retains Rubenstein Investor Relations.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\nSPOKANE, WA, Sept. 19 /CNW/ - Gold Reserve Inc., (TSX: GRZ; AMEX: GRZ)\nannounced that it has retained New York based Rubenstein Investor Relations\n(RIR) to help raise awareness within the investment community of the Company's\ngold and copper projects located in southeastern Venezuela. The Company is\ndeveloping the Brisas project in the "Kilometer 88" Mining District as well as\nthe Choco 5 property located in the "El Callao" region, where the Company has\nrecently commenced a drilling program.\n\n\nDoug Belanger, President of Gold Reserve stated, "We look forward to\nworking with Rubenstein Investor Relations. They have a proven track record of\naligning companies with the appropriate financial audiences. Their guidance is\nimportant to the Company and its shareholders at this important stage in our\ngrowth."\n\n\n"We are excited about our engagement with Gold Reserve," said Richard\nRubenstein, President of Rubenstein Investor Relations. "The Company's\nexperienced and dedicated employees have been diligently working to develop\nBrisas and Choco 5 in mineral-rich southeastern Venezuela. We are eager to\ncommunicate these efforts to the market place and expand Gold Reserve's\nprofile within the financial community."\n\n\nAbout Gold Reserve Inc.\n\n\n-----------------------\n\n\nGold Reserve Inc. is a Canadian company developing the Brisas gold copper\nproject in southeastern Venezuela. Brisas has NI-43-101 reserves of 485\nmillion tonnes of ore grading 0.67 grams per tonne gold and 0.13% copper\ncontaining 10.4 million ounces of gold and 1.3 billion pounds of copper (using\na revenue cutoff grade of US $3.04 per tonne and a gold price of US $400 and a\ncopper price of US $1.15 per pound). The mine plan anticipates using\nconventional truck and shovel mining methods with the processing of ore at\nfull production of 70,000 tonnes per day, yielding an average annual\nproduction of 456,000 ounces of gold and 60 million pounds of copper for a\nmine life of 18.5 years. Using copper as a byproduct, operating costs are\nexpected to be US $126 per ounce (using US $1.80 copper). The Qualified\nPersonnel for the NI 43-101 Report are Susan Poos of Marston and Marston, Inc.\nand Richard Addison and Richard Lambert of Pincock, Allen and Holt, all\nregistered professional engineers....