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Gold Reserve's EPCM Contractor Mobilizes to Brisas
Gold Reserve's EPCM Contractor Mobilizes to Brisas.
About this update from Gold Reserve Ltd.
[{"type":"text","content":"\n\n\n\nSPOKANE, WA, June 12 /CNW/ - Gold Reserve Inc. (TSX:GRZ - AMEX:GRZ) is\npleased to announce that its EPCM contractor, SNC- Lavalin Engineers &\nConstructors, Inc. and its affiliates ("SNC-Lavalin") have mobilized for the\ncommencement of site preparation work at Brisas.\n\n\nTo the end of May, 2007, SNC-Lavalin has completed 230,000 man hours of\nwork on Brisas in engineering, procurement and environmental activities.\nOrders for the water and sewage treatment plants, on-site employee housing,\noffice facilities, and incinerator have already been released. Site\npreparation contracts including camp water wells, pit dewatering, power\ngeneration, early civil earthworks, and road construction will be released in\nthe coming weeks.\n\n\nDoug Belanger, President, said, "It is very gratifying to see the site\npreparation work at Brisas and we will be ramping up the construction process\nas more people and equipment arrive at the site."\n\n\nForward-Looking Statements\n\n\nCertain statements included herein, including those that express\nmanagement's expectations or estimates of our future performance or concerning\nthe Brisas Project, constitute "forward-looking statements" within the meaning\nof the United States Private Securities Litigation Reform Act of 1995.\nForward-looking statements are necessarily based upon a number of estimates\nand assumptions that, while considered reasonable by management at this time,\nare inherently subject to significant business, economic and competitive\nuncertainties and contingencies. We caution that such forward-looking\nstatements involve known and unknown risks, uncertainties and other risks that\nmay cause the actual financial results, performance, or achievements of Gold\nReserve Inc. to be materially different from our estimated future results,\nperformance, or achievements expressed or implied by those forward-looking\nstatements. Numerous factors could cause actual results to differ materially\nfrom those in the forward-looking statements, including without limitation,\nconcentration of operations and assets in Venezuela; corruption and uncertain\nlegal enforcement; requests for improper payments; regulatory, political and\neconomic risks associated with Venezuelan operations (including changes in\npreviously established legal regimes, rules or pr...