Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Clear Night 35° Clear
News >  Nation/World

Gold Reserve Corp. Has Venezuela Find

From Staff And Wire Reports

Spokane’s Gold Reserve Corp. has identified a zone of copper and gold mineralization directly below the center of the main Brisas gold-copper zone in southeastern Venezuela.

The new zone has a strike length of 400 meters and is 50 to 70 meters thick, the company said. It is characterized as having low gold grades, but the copper grades are more than twice the average found in the Brisas deposit.

Gold Reserve estimates the deep copper zone, if proven, could add up to two years to the life of the mine. Further drilling will be conducted prior to completion of a final feasibility study.

The Brisas deposit is estimated by the company to contain 7.3 million ounces of gold and 950 million ounces of copper, making it one of the largest undeveloped gold deposits in the world.

, DataTimes

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.


Annual health and dental insurance enrollment period open now

 (Courtesy Washington Healthplanfinder)
Sponsored

2020 has been a stressful year for myriad reasons.