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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


 May 23, 2007
Drilling At Increible 6 Continues To Extend All Gold Zones

 Vancouver, Canada -- Rusoro Mining Ltd. is pleased to report that very positive drill results continue to be received from the Increible 6 Project in Bolivar State, Venezuela.
  • Most recent results received continue to extend the Elisa, Cristina, and Culebra mineralized bodies and all of these main zones remain open to depth.
  • These results will be included in the database and form part of the updated Resource Calculation which is in progress and scheduled to be completed in Q3 of 2007.
  • Over 100,000 metres of the 220,000 metres scheduled have been completed with eleven drills currently drilling on the Company's core projects.



Highlights include:

Drill Hole

Zone

 

Au g/t

m

form

to

IC-07-342

Elisa

ddh

2.91

142.3

409.7

552.0

IC-07-342

incl

ddh

8.18

19.0

532.0

551.0

IRS-188

Culebra

RC

7.65

31.0

36.0

67.0

IRS-198

Culebra

RC

9.58

21.0

48.0

69.0

IRS-191

Culebra

RC

6.97

25.0

24.0

49.0

IRS-186

Culebra

RC

7.94

19.0

37.0

56.0

IC-07-357

Culebra

ddh

2.00

73.0

70.0

143.0

IRS-166

Culebra

RC

11.03

13.0

119.0

132.0

IRS-147

Cristina

RC

2.59

37.0

51.0

88.0

NOTES: 1) All thicknesses are core widths / true widths estimated at 80-85%.
2) All weighted averages calculated using uncut assays.
3) Table of all new results included at the end of this news release.



The Company views these results as extremely successful in supporting previous results and confirming the size potential of all the zones at the Increible 6 Project. As all of the main zones remain open to depth, drilling will continue to aggressively test the boundaries of the outlined mineralized bodies while infill drilling will continue to tighten down the drill spacing toward upgrading the current resource categories of these zones. A full set of results for the 54 holes received (11 diamond drill holes and 43 RC holes) are attached to this news release and will be posted on the Company's website at www.rusoro.com.

Diamond drilling was conducted by 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
Additional Mineralized Intercepts

Drill Hole

 

 

Au (g/t)

m

from (m)

to (m)

IC-07-342

Elisa

ddh

2.91

142.3

409.7

552.0

IC-07-342

incl

ddh

5.02

5.3

409.7

415.0

IC-07-342

and

ddh

4.99

17.0

425.0

442.0

IC-07-342

and

ddh

10.00

2.0

466.0

468.0

IC-07-342

and

ddh

4.27

15.0

476.0

491.0

IC-07-342

and

ddh

8.18

19.0

532.0

551.0

IC-07-359

Elisa

ddh

6.90

3.0

480.0

483.0

IC-07-359

Elisa

ddh

6.93

7.0

505.0

512.0

IRS-163

Elisa

RC

1.67

30.0

284.0

314.0

IRS-217

Elisa

RC

1.75

8.0

130.0

138.0

IRS-217

Elisa

RC

4.53

21.0

259.0

280.0

IC-07-349

Cristina

ddh

3.09

6.0

104.0

110.0

IRS-147

Cristina

RC

2.59

37.0

51.0

88.0

IRS-151

Cristina

RC

2.32

13.0

37.0

50.0

IRS-154

Cristina

RC

1.38

10.0

48.0

58.0

IRS-154

Cristina

RC

4.11

3.0

71.0

74.0

IRS-155

Cristina

RC

2.10

5.0

0.0

5.0

IRS-157

Cristina

RC

2.52

12.0

23.0

35.0

IC-07-351

Culebra

ddh

2.02

43.0

5.0

48.0

IC-07-355

Culebra

ddh

2.26

43.0

119.0

162.0

IC-07-356

Culebra

ddh

2.83

26.0

105.0

131.0

IC-07-357

Culebra

ddh

2.00

73.0

70.0

143.0

IC-07-361

Culebra

ddh

3.56

9.0

115.0

124.0

IC-07-363

Culebra

ddh

3.11

4.0

170.0

174.0

IC-07-364

Culebra

ddh

1.45

31.0

142.0

173.0

IC-07-365

Culebra

ddh

2.89

4.0

154.0

158.0

IRS-164

Culebra

RC

2.22

17.0

82.0

99.0

IRS-165

Culebra

RC

5.98

5.0

125.0

130.0

IRS-166

Culebra

RC

11.03

13.0

119.0

132.0

IRS-167

Culebra

RC

1.66

7.0

172.0

179.0

IRS-167

Culebra

RC

6.95

2.0

191.0

193.0

IRS-168

Culebra

RC

1.32

10.0

112.0

122.0

IRS-170

Culebra

RC

3.23

12.0

124.0

136.0

IRS-171

Culebra

RC

2.88

10.0

79.0

89.0

IRS-175

Culebra

RC

2.43

16.0

132.0

148.0

IRS-177

Culebra

RC

1.67

8.0

27.0

35.0

IRS-182

Culebra

RC

1.49

11.0

21.0

32.0

IRS-186

Culebra

RC

3.37

8.0

17.0

25.0

IRS-186

Culebra

RC

7.94

19.0

37.0

56.0

IRS-188

Culebra

RC

7.65

31.0

36.0

67.0

IRS-191

Culebra

RC

6.97

25.0

24.0

49.0

IRS-191

Culebra

RC

6.19

7.0

60.0

67.0

IRS-196

Culebra

RC

1.92

14.0

16.0

30.0

IRS-196

Culebra

RC

2.25

34.0

56.0

90.0

IRS-197

Culebra

RC

1.87

10.0

0.0

10.0

IRS-198

Culebra

RC

9.58

21.0

48.0

69.0

IRS-200

Culebra

RC

3.89

25.0

43.0

68.0

IRS-202

Culebra

RC

1.17

31.0

5.0

36.0

IRS-203

Culebra

RC

0.98

24.0

0.0

24.0

IRS-204

Culebra

RC

1.09

37.0

0.0

37.0

IRS-206

Culebra

RC

1.36

12.0

6.0

18.0

IRS-206

Culebra

RC

2.48

10.0

33.0

43.0

IRS-208

Culebra

RC

10.10

3.0

19.0

22.0

IRS-210

Culebra

RC

0.76

24.0

38.0

62.0

IRS-216

Culebra

RC

3.43

35.0

55.0

90.0

IRS-219

Culebra

RC

2.81

46.0

64.0

110.0

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 Jun 11, 2007, Rusoro Mining Intersects 37m of 9.34g/t Au and 21m of 4.72g/t Au in Separate Zones at Increible 6

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

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