Rusoro Mining Ltd.
Rusoro Mining Ltd.

Emilia


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Rusoro Mining Ltd. Rusoro Mining Ltd.



The information on this website should be read in connection with Rusoro Mining's news release dated March 14, 2012 which addresses the Nationalization of Rusoro's Venezuelan mining assets by the Bolivarian Republic of Venezuela ("Venezuela") government and the subsequent news release dated August 22, 2016 announcing the award (the "Award") issued on August 22, 2016 by the Arbitration Tribunal ("Tribunal").

For a copy of the Award, please click here.

Emilia




Emilia is located five kilometers west of the Company's La Camorra Mill. Since 2003 the project has seen 12,000m of drilling from a total of 103 drill holes. Current development includes one open pit mine and two zones which have been worked by both open pit and underground methods. Existing infrastructure is comprised of 1893 metres of underground development accessed from two shafts.

A current NI 43-101 compliant resource totals 37,000 ounces (avg. 5.52 g/t) inferred from 209,000 tonnes. Mineral resources have been estimated by Micon using 3D geological model, Gemcom Software and inverse distance squared. The Days Vein has been modeled as an extension to the existing open pit. Mineral resources for the Days Vein deposit are estimated at a cut-off grade of 0.5 g/t Au was used for near surface material and 8.0 g/t for deeper zones. A minimum true width of 1.5 metres was used for the Days Vein deposit. A density value of 2.80 g/cc3 was used and based on an examination of the statistics and frequency graphs, cutting to a level of 30 g/t Au was applied.

Additional drilling will be completed on the Emilia Project in 2010.

Concession Geology

The geology of the Emilia Project is identical to the adjacent San Rafael - El Placer area.



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