|
Rusoro Initiates Drill Program
|
RUSORO INITIATES 50,000 METRE
DRILL PROGRAM AT VALLE HONDO
Vancouver, Canada – Rusoro Mining Ltd. (TSX-V): RML, is pleased to announce that it has initiated a drill program
on the Valle Hondo Project 40km SE of the Company’s Emilia Mill facilities in Bolivar State, Venezuela.
The Valle Hondo Project currently has NI 43-101 resources of 103,000oz Au indicated (3.5Mt grading 0.92 g/t)
and 1,344,000oz Au inferred (47Mt grading 0.89 g/t). Road access has been re-established and the camp and
infrastructure completed for the re-start of drilling and exploration on the project. The current program will include
50,000 metres of in-fill and expansion drilling on the main Apanao Zone and several other anomalies which have
been identified.
The project is characterized by several kilometre-scale targets of which only the Apanao has been moderately drill
tested (13,000m in 114 drill holes). Targets include high grade vein and bulk tonnage mineralization. The existing
resource has been outlined within a 1.5km portion of the more than 5.0km long Apanao Zone. The Arenales anomaly,
four km west of Apanao, is a 4.0km by 2.5km gold anomaly which will receive first pass drill testing as part of the
current program. The Company is confident that it will be able to expand on the near surface results and further define
the areas of higher grade mineralization intersected to date (up to 100 g/t Au).
It is expected that the current drill program will continue into Q2 of 2008 with results being released as they become available.
QA/QC
RC drilling will be completed by AK Drilling of Peru. All drilling and drill sampling will be completed using industry
standard practices. All drill core will be described in detail and photographed and one half of the core will remain for
inspection and reference.
Sample analyses will be conducted at Actlab in Tumeremo and Triad Labs located in El Callao Venezuela. All sample
analyses will be completed using industry standard practices including the insertion of standards, blanks and duplicate
check samples. A review of the QA/QC results will be completed on an on-going basis. Sample rejects for all drill
samples are stored in Rusoro’s secure facilities in Tumeremo, Venezuela, and will continue to be available for any
further testing which may be required. All QA/QC is completed under the direction of G.F. Smith, P.Geo.
|
|