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Rusoro Mining News
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August 07, 2008
43-101 Report Filed For Isidora And Twin Shear Projects Acquired From Hecla Mining - Additional 482,000 Inferred Au Ounces Identified
Vancouver, Canada -- Rusoro Mining Ltd. is pleased to report that a 43-101 report prepared by independent consultants Micon International Ltd. for the Isidora and Twin Shear gold projects has been filed. Both projects were part of the assets acquired in the acquisition of Hecla Mining Company's Venezuelan assets. The total resources outlined in the report for Isidora confirmed the resources originally estimated by Rusoro with the Twin Shear estimation out performing all previous estimates by a... |
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July 10, 2008
Rusoro confirmed as Partner of Choice by Venezuelan Government - Acquisition of Hecla's Venezuelan Assets Closed
Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it has been selected as the partner of choice by the Venezuelan Government for gold mining opportunities in Venezuela. Rusoro is also pleased to confirm the Venezuelan Government's approval for the previously announced acquisition of Hecla Mining Company's Venezuelan assets. Rusoro has now comple... |
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July 08, 2008
Rusoro Reports Multiple High Grade Intercepts from Yuruan
Vancouver, Canada - Rusoro Mining Ltd., is pleased to provide the following update on drill results for the Yuruan Project located 40km south of the town of El Dorado in Bolivar State, Venezuela.
The current status of the Company's exploration program on the Yuruan Project is as follows; ... |
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June 19, 2008
Rusoro continues Venezuelan Consolidation, Acquires Hecla's Venezuelan Assets
Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that it continues to implement its regional consolidation strategy with the acquisition of Hecla Mining Company's ("Hecla") Venezuelan assets which include the Block B - Isidora mining leases and the La Camorra mill facility in Bolivar State, southeastern Venezuela. Hecla's Venezuelan assets are being acquired for US$20 million in cash and 4,273,504 (US$5 million worth of) Rusoro shares. The Hecla-Venezuela acquisition is... |
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June 10, 2008
Rusoro Mining raises US$80 Million via Exchangeable Loan
Russia's 2nd Largest Gold Producer, Peter Hambro Mining Plc, Makes Strategic Investment
Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") is pleased to announce that Peter Hambro Mining Plc ("PHM") has agreed to make a strategic US$20 million investment in Rusoro and its affiliates (collectively the "Rusoro Group") as part of a larger US$80 million senior secured exchangeable loan (the "Loan"), exchangeable into shares of Rusoro at C$1.25 per Rusoro share. The remainder of the ... |
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June 06, 2008
Rusoro Mining Reports Q1 2008 Financial Results
Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the quarter ended March 31, 2008. The Company's Q1 consolidated financial statements and management's discussion and analysis (MD&A) for the quarter ended March 31, 2008 have been filed on SEDAR ( ).
The first quarter of 2008 marked the first full quarter of reporting since the Company acquired all the assets and liabi... |
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May 22, 2008
Rusoro Mining Releases Drilling Update
Vancouver, Canada - Rusoro Mining Ltd., is pleased to report previously unreleased drill results for all outstanding holes from 2007 and additional results from the first quarter of 2008.
The current status of the Company's exploration programs is as follows;
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May 15, 2008
Rusoro Mining Ltd. Appoints VP Finance and Interim CFO
Vancouver, Canada - Rusoro Mining Ltd. is pleased to announce the appointments of Mr. Matias Herrero to the position of VP of Finance and Mr. Gary Warnecke as interm CFO, effective immediately. Both Mr. Herrero and Mr. Warnecke bring many years of financial expertise in the mining industry to the Company's executive management team.
Mr. Herrero is a CPA and a former audit manager with Pricewaterhousecoopers (PwC). At PwC he worked in the mining division working with Canadian mining co... |
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May 13, 2008
Rusoro Mining Reports its 2007 Financial Results
Rusoro Mining Ltd. ("Rusoro" or the "Company"), is pleased to report its financial results for the year ended December 31, 2007. The Company's audited consolidated financial statements and management's discussion and analysis ( MD&A ) for the year ended December 31, 2007 have been filed on SEDAR (www.sedar.com).
In the fourth quarter of 2007 the Company acquired all the assets and liabilities of Gold Fields Netherlands Services BV, ("Gold Fields"), which included the Choco 10 operating ... |
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May 08, 2008
Rusoro Awards Scoping And Feasibilty Studies For Choco 10 To Micon International Ltd.
Vancouver, Canada -- Rusoro Mining Ltd., is pleased to report that the Company has awarded the contract to conduct a scoping study for the Choco 10 Mine and surrounding deposits in the El Callao region to Micon International Limited (Micon). Information derived from this study will be used to establish various working parameters and assumptions to be used in a definitive feasibility study. The scoping study is expected to be completed during Q3, 2008, while the feasibility study is expected to ... |
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