Exploration/
Development
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Exploration/Development
Rusoro currently has ten Exploration/Development projects at various stages of development. This includes exploration and development work around the Choco 10 and Isidora operating mines in El Callao.
Overall the Company has a significant land position in the major gold mining districts in Bolivar State Venezuela. The region boasts an excellent geological setting and tremendous gold discovery potential which is exemplified in the success rate at the current projects to date, which translates to the discovery of approximately 30 oz/Au discovered per meter drilled.
As part of the Company's aggressive growth strategy, Rusoro drilled more than 200,000m in 2007 and will drill up to 300,000m in 2008. The drilling is designed to expand and upgrade the Company's current NI 43-101 resources.
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