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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


 April 19, 2007
Positive Results Continue At Increible 6 Gold Project, Bolivar State, Venezuela

 Vancouver, Canada -- Rusoro Mining Ltd. is pleased to provide an update on its exploration activities in Bolivar State, Venezuela which are highlighted by the continued receipt of very positive drill results from the Increible 6 Gold Project.
  • Results continue to enhance and expand the previously outlined mineralized zones with a significant new structure identified connecting the Elisa and Cristina Resources. An updated NI43-101 report will be underway shortly.
  • All of the main zones at the Increible 6 Project remain open to depth.
  • Over 80,000 metres of the 220,000 metres scheduled have been completed with eleven drills currently completing more than 22,000 metres per month on the Company's core projects.
At the Increible 6 Project the Company is very pleased to report that further results have been received for drill hole IC-07-346, of which 6.01 g/t over 46m was previously released. The weighted average of this lower zone now stands at 3.44 g/t over 129.6m and includes:

Table #1 Updated Weighted Averages for DDH IC-07-346

 

Au g/t

m

from

to

Lower Zone

3.44

129.6

392.0

521.6

incl

6.23

15.0

394.0

409.0

and

5.30

2.0

422.0

424.0

and

3.87

8.0

446.0

454.0

* incl

6.01

46.0

459.0

505.0

with

6.57

10.0

460.0

470.0

and

7.38

26.0

479.0

505.0

*previously reported in news release March 19, 2007

These results are significant as they are an extension of a gold mineralized zone first intersected in previously reported drill hole IEL-160 (2.71 g/t Au over 123.5m). The Company has continued to step out from IEL-160 and IC-07-346 with a series of additional holes adjacent to and on the up dip portion of the structure, which now appears to connect the Elisa and Cristina Zones and form part of the Footwall Zone. Positive results from these holes have been received and are reported below:

Drill Hole

Type

Au g/t

m

from

to

IC-07-375

DDH

3.67

7.0

139.0

146.0

IC-07-376

DDH

5.46

8.2

146.0

154.2

and

 

2.47

13.0

165.0

178.0

IC-07-377

DDH

2.46

21.35

132.0

153.4

IRS-157

RC

2.52

12.0

23.0

35.0

NOTES: 1) All thicknesses are core widths / true widths estimated at 75-80%.
2) All weighted averages calculated using uncut assays.

The potential of this new structure lies in its proximity to the existing resource at the Elisa Zone to which it is connected (4.7 Mt @ 3.07 g/t for 465,000 oz indicated and 4.9 Mt @ 2.79 g/t for 440,000 oz inferred), and in the continuity of the structure as it moves closer to surface and toward the Cristina Zone.

The Company views these and other recently received results as very successful in supporting previous results and confirming the size potential of all the zones at the Increible 6 project. All of the main zones remain open to depth. Additional results from further infill and step out drilling in 54 holes (11 diamond drill holes and 43 RC holes) at the four main zones are attached to this news release and will be posted on the Company's website at www.rusoro.com.

Diamond drilling was conducted by Major Drilling of Moncton, New Brunswick, Canada and Core Biel Drilling of Puerto Ordaz, Venezuela. RC drilling was completed by AK Drilling of Peru. All drilling and drill sampling have been completed using industry standard practices. All drill core is described in detail and photographed and one half of the core remains for inspection and reference.

Sample analyses have been conducted at SGS labs and Triad Labs located in El Dorado and El Callao, Venezuela. All sample analyses were completed using industry standard practices and standard samples, blanks and duplicate check samples were randomly inserted into the sample stream to ensure quality control. A review of the QA/QC results shows no significant bias and all results are considered highly reliable. 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.

Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President Exploration of the Company, is the Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of this news release.

ON BEHALF OF THE BOARD
"Mario Szotlender"
Mario Szotlender, President

CONTACT INFORMATION

Ross Gatensbury
Tel: 604-682-1545
Fax: 604-682-1514
Toll Free: 1-800-668-0091
Symbol: TSX-V:RML
Email: info@rusoro.com
Website : www.rusoro.com

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

 

Increible 6 Gold Project

 

 

 

New DDH Drilling Results (19/04/2007)

 

Drill Hole

Zone

Au g/t

m

from

to

 

IC-07-331-A

Olga/Enoc

0.28

7.0

85.0

91.0

 

IC-07-331-A

Olga/Enoc

1.66

2.0

174.0

176.0

 

IC-07-332

Elisa

0.70

6.0

72.0

78.0

 

IC-07-332

Elisa

0.32

3.0

273.0

276.0

 

IC-07-332

Elisa

0.61

3.0

283.0

286.0

 

IC-07-332

Elisa

14.14

3.0

407.0

410.0

 

IC-07-332

Elisa

0.41

2.0

419.0

421.0

 

IC-07-332

Elisa

1.22

9.0

427.0

435.0

 

IC-07-332

Elisa

2.32

2.0

511.0

513.0

 

IC-07-333

Olga/Enoc

0.64

1.0

127.0

128.0

 

IC-07-334

Olga/Enoc

1.10

1.0

23.0

24.0

 

IC-07-334

Olga/Enoc

3.95

1.0

140.0

141.0

 

IC-07-334

Olga/Enoc

1.38

3.0

176.0

179.0

 

IC-07-335

Olga/Enoc

0.45

2.0

35.0

37.0

 

IC-07-335

Olga/Enoc

0.48

2.0

42.0

44.0

 

IC-07-335

Olga/Enoc

1.42

2.0

108.5

110.5

 

IC-07-335

Olga/Enoc

1.24

9.5

146.0

155.5

 

IC-07-336

Elisa

0.69

6.0

243.0

249.0

 

IC-07-336

Elisa

1.47

3.0

377.0

380.0

 

IC-07-336

Elisa

2.71

78.0

393.0

471.0

 

IC-07-336

Elisa

0.46

3.0

491.0

494.0

 

IC-07-336

Elisa

4.50

15.0

506.0

521.0

open

IC-07-337

Olga/Enoc

0.58

2.0

0.0

2.0

 

IC-07-337

Olga/Enoc

2.26

2.0

10.0

12.0

 

IC-07-338

Olga/Enoc

0.90

2.5

1.5

4.0

 

IC-07-338

Olga/Enoc

1.34

14.0

51.0

65.0

 

IC-07-338

Olga/Enoc

0.92

2.0

100.0

102.0

 

IC-07-339

Olga/Enoc

1.54

4.0

22.0

26.0

 

IC-07-339

Olga/Enoc

8.57

2.0

83.5

85.5

 

IC-07-340

Olga/Enoc

1.30

2.0

55.0

57.0

 

IC-07-340

Olga/Enoc

1.13

1.0

75.0

76.0

 

IC-07-340

Olga/Enoc

1.41

0.8

110.2

111.0

 

IC-07-340

Olga/Enoc

0.59

2.0

118.0

120.0

 

IC-07-341

Olga/Enoc

2.94

6.0

67.0

73.0

 

IC-07-341

Olga/Enoc

2.30

9.0

80.0

89.0

 



RC Hole

Zone

Au g/t

m

from

to

 

IRS -118

Elisa

3.20

4.0

0.0

4.0

 

IRS -118

Elisa

0.93

2.0

49.0

51.0

 

IRS -119

Elisa

0.48

3.0

0.0

3.0

 

IRS -119

Elisa

2.61

1.0

60.0

61.0

 

IRS -119

Elisa

6.95

1.0

66.0

67.0

 

IRS -119

Elisa

0.56

10.0

77.0

87.0

 

IRS -120

Elisa

0.71

4.0

45.0

49.0

 

IRS -122

Elisa

2.29

12.0

19.0

31.0

 

IRS -123

Elisa

0.69

4.0

0.0

4.0

 

IRS -123

Elisa

1.10

21.0

23.0

44.0

 

IRS -123

Elisa

0.75

10.0

51.0

61.0

 

IRS -124

Elisa

1.11

1.0

45.0

46.0

 

IRS -124

Elisa

0.50

2.0

56.0

58.0

 

IRS -125

Elisa

1.17

9.0

0.0

9.0

 

IRS -125

Elisa

1.48

15.0

35.0

50.0

 

IRS -125

Elisa

3.47

15.0

55.0

70.0

open

IRS -126

Elisa

0.42

9.0

55.0

64.0

 

IRS -127

Elisa

1.67

3.0

49.0

52.0

 

IRS -127

Elisa

1.53

5.0

103.0

108.0

 

IRS -128

Elisa

0.54

5.0

20.0

25.0

 

IRS -128

Elisa

7.40

1.0

63.0

64.0

 

IRS -128

Elisa

3.80

35.0

82.0

117.0

 

IRS -129

Elisa

1.03

1.0

120.0

121.0

 

IRS -130

Elisa

0.51

6.0

82.0

88.0

 

IRS -130

Elisa

1.23

11.0

96.0

107.0

 

IRS -131

Cristina

1.70

1.0

186.0

187.0

 

IRS -133

Cristina

1.35

37.0

125.0

162.0

 

IRS -133

Cristina

0.91

2.0

188.0

190.0

 

IRS -134

Cristina

0.67

5.0

104.0

109.0

 

IRS -134

Cristina

0.64

3.0

160.0

163.0

 

IRS -134

Cristina

1.18

14.0

176.0

190.0

open

IRS -135

Cristina

0.92

3.0

114.0

117.0

 

IRS -135

Cristina

0.72

4.0

131.0

135.0

 

IRS -136

Cristina

0.71

2.0

104.0

106.0

 

IRS -137

Cristina

3.16

2.0

123.0

125.0

 

IRS -138

Cristina

2.11

2.0

125.0

127.0

 

IRS -138

Cristina

12.46

1.0

137.0

138.0

 

IRS -139

Cristina

3.29

24.0

88.0

112.0

 

IRS -139

Cristina

1.50

12.0

128.0

140.0

 

IRS -140

Cristina

2.09

11.0

77.0

88.0

 

IRS -140

Cristina

0.91

18.0

91.0

109.0

 

IRS -140

Cristina

6.41

1.0

124.0

125.0

 

IRS -140

Cristina

0.84

10.0

130.0

140.0

open

IRS -141

Cristina

1.77

5.0

66.0

71.0

 

IRS -141

Cristina

0.98

3.0

131.0

134.0

 

IRS -141

Cristina

0.93

3.0

148.0

151.0

 

IRS -142

Cristina

1.19

1.0

79.0

80.0

 

IRS -143

Cristina

4.14

4.0

98.0

102.0

 



RC Hole

Zone

Au g/t

m

from

to

 

IRS -143

Cristina

1.88

5.0

117.0

122.0

 

IRS -144

Cristina

0.82

5.0

103.0

108.0

 

IRS -146

Cristina

1.15

2.0

39.0

41.0

 

IRS -146

Cristina

0.69

2.0

54.0

56.0

 

IRS -146

Cristina

3.65

10.0

65.0

75.0

 

IRS -146

Cristina

0.48

5.0

121.0

126.0

 

IRS -147

Cristina

2.63

37.0

50.0

88.0

 

IRS -147

Cristina

1.39

1.0

94.0

95.0

 

IRS -147

Cristina

1.09

3.0

105.0

108.0

 

IRS -147

Cristina

1.05

7.0

112.0

119.0

 

IRS -148

Cristina

0.55

3.0

0.0

3.0

 

IRS -148

Cristina

2.86

12.0

31.0

43.0

 

IRS -148

Cristina

1.83

1.0

78.0

79.0

 

IRS -148

Cristina

1.60

2.0

93.0

95.0

 

IRS -149

Cristina

5.13

16.0

71.0

87.0

 

IRS -149

Cristina

1.13

1.0

102.0

103.0

 

IRS -150

Cristina

0.51

2.0

35.0

37.0

 

IRS -150

Cristina

13.00

6.0

51.0

57.0

 

IRS -150

Cristina

0.57

3.0

62.0

65.0

 

IRS -151

Cristina

1.25

3.0

0.0

3.0

 

IRS -151

Cristina

2.05

15.0

37.0

52.0

 

IRS -151

Cristina

0.67

12.0

55.0

67.0

 

IRS -152

Cristina

0.61

2.0

18.0

20.0

 

IRS -153

Cristina

1.30

6.0

102.0

108.0

 

IRS -154

Cristina

1.38

10.0

48.0

58.0

 

IRS -154

Cristina

1.73

8.0

70.0

78.0

 

IRS -154

Cristina

0.50

3.0

96.0

99.0

 

IRS -155

Cristina

2.10

5.0

0.0

5.0

 

IRS -155

Cristina

1.62

6.0

14.0

20.0

 

IRS -155

Cristina

0.49

3.0

40.0

43.0

 

IRS -155

Cristina

1.23

1.0

47.0

48.0

 

IRS -156

Cristina

0.84

5.0

0.0

5.0

 

IRS -156

Cristina

2.10

20.0

16.0

36.0

 

IRS -157

Cristina

0.62

3.0

15.0

18.0

 

IRS -157

Cristina

2.53

12.0

23.0

35.0

 

IRS -159

Cristina

1.29

5.0

56.0

61.0

 

IRS -160

Cristina

0.42

4.0

45.0

49.0

 

IRS -160

Cristina

0.50

17.0

57.0

74.0

 

IRS -160

Cristina

0.56

4.0

108.0

112.0

 

NOTES: 1) All thicknesses are core widths / true widths estimated at 75-80%.
2) All weighted averages calculated using uncut assays.
 
 

You can view the Next News Releases item: Mon Apr 30, 2007, In-Fill Diamond Drilling Confirms Continuity of High Grade Gold Zones

You can view the Previous News Releases item: Thu Mar 22, 2007, Positive Metallurgical Results Received for SREP and Increible 6 Projects

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