Rusoro Mining Ltd.
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Rusoro Mining Ltd. Rusoro Mining Ltd.

Choco 10 Mine


Choco 10 & Increible 6 3D Model
Choco 10 Feasibility Assessment, December 30, 2011
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Located in the historic El Callao District within 5km of the Company's Isidora Mine and 6km from Increible 6 project, the Choco 10 mill facility is currently producing 8,000-10,000 Au ounces per month. The Choco 10 mine produced 126,000 Au in 2009 and production from the Isidora Mine was 25,000oz Au net to Rusoro. The 2010 guidance for the Choco mine is 95,000oz Au. The logistics and a timeline for production expansion are currently being studied.

The project has excellent access via well maintained roads from the town of El Callao and a current NI 43-101 compliant resources of 8,310,000 Au ounces measured and indicated and 2,817,000 Au ounces inferred. The current 43-101 compliant resource numbers are based on more than 270,096m of drilling in 2464 drill holes. All of the mineralized zones which make up the current resources are open to depth with only approximately 50% of the mineralized areas having been drill tested to date. The Company has also identified numerous untested targets within the 25,000 hectares of prime exploration ground in the El Callao District which will be drilled in 2010. Drilling is on-going and the Company expects to drill in excess of 50,000m in 2010 to expand and upgrade the current resources and test new targets.

The Choco 10 resources were estimated using three-dimensional computerized models containing geological data and kriged estimated grades at a cut-off of 0.5 g/t Au. They are un-constrained and are classified into measured, indicated and inferred categories. They were also broken down by individual deposits and material types. The Mineral Resources are reported in-situ, and are inclusive of the Mineral Reserves.


Rusoro choco 10 gold mine map
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south american gold mine choco 10
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south american gold mine choco 10
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