Rusoro Mining Ltd.
Rusoro Mining Ltd.

Trinidad


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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.

Trinidad


The Trinidad Project is located 20 kilometres south of El Dorado and 35 kilometres from the Company's Emilia Mill in Bolivar State, Venezuela. The Project is comprised of the Trinidad and Angelito Concessions totalling 3350 hectares.

Previous drilling has been completed on the Project including an RC program in 2007. Targets include high grade veins (previous drilling averaged 2.5m @ 16g/t and broad silicified zones which have returned 0.5 to 0.9 g/t across 50 to 150 metres. The 2007 drilling program consisted of 75 holes totalling 7729 metres. The program tested a series of large gold in soil anomalies and all holes were shallow with only three holes exceeding 150m in total length.

The drill holes have tested portions of the high grade structures located in the western part of the Central Anomaly, the CAS-01 Zone, the Bulla Zone and portions of the Eastern (Angelito) anomaly. Additional anomalies within the Trinidad Concession remain to be tested in the next phase of drilling.

Exploration completed to date includes geological, geochemical, and geophysical surveys. Data includes; landsat and side-looking radar interpretation, geological mapping, soil and rock geochemistry, magnetic and radiometric geophysics, and trenching. Initial diamond drilling was done on one of the four main anomalies. The geological, geochemical, and geophysical exploration has outlined a series of kilometre-scale anomalies. In each case potential exists for bulk tonnage mineralization and high grade veins and structural targets. Highlights of the intervals for the 2007 drilling are summarized in the following table.

Drill Hole Zone Au m from to  
TR 07-24 Central Zone 0.98 32.0 7.0 39.0  
TR 07-24 Central Zone 1.67 15.0 16.0 31.0 incl
TR 07-24 Central Zone 1.10 6.0 119.0 125.0  
TR 07-25 Central Zone 3.22 2.0 25.0 27.0  
TR 07-26 CAS-01 11.29 4.0 132.0 136.0  
TR 07-28 CAS-01 27.28 10.0 10.0 20.0  
TR 07-28 CAS-01 66.42 4.0 12.0 16.0 incl
TR 07-28 CAS-01 1.14 14.0 31.0 45.0  
TR 07-29 CAS-01 1.34 9.0 18.0 27.0  
TR 07-29 CAS-01 2.47 9.0 33.0 42.0  
TR 07-29 CAS-01 5.10 2.0 50.0 52.0  
TR 07-32 Central Zone 0.82 8.0 71.0 79.0  
TR 07-33 Central Zone 1.22 5.0 0.0 5.0  
TR 07-34 Central Zone 1.54 5.0 4.0 9.0  
TR 07-46 Angelito 26.64 2.0 1.0 3.0  
TR 07-47 Angelito 6.55 3.0 85.0 88.0  
TR 07-53 Angelito 4.08 1.0 52.0 53.0  
TR 07-53 Angelito 1.62 3.0 88.0 91.0  
TR 07-59 Angelito 1.52 5.0 31.0 36.0  
TR 07-83 Angelito 2.48 3.0 85.0 88.0  
TR 07-88 Angelito 5.16 1.0 60.0 61.0  

No drilling was completed in 2008/2009. All mineralized zones remain open. Additional work is planned on the Trinidad Project for 2010 following up on the previously intersected high grade structures.



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