Welcome to the Crystallex HUB on AGORACOM
"Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."

AGORACOM News Flash

AGORACOM CONFERENCE UPDATE

  • 12 More Companies Added To Schedule For Dec 3 & 4. (See Schedule)
  • Keynote Speakers Include Peter Grandich, Eric Coffin (See Speakers)
  • Workshop Presentations Added To Thursday Schedule
  • Investors from over 45 Countries Have Visited
  • Conference Begins 2 Weeks From Today!

Looking forward to seeing all of you there gang.  Registration is free for investors.  AGORACOM Members register with just one click.  Non-members takes less than 60 seconds.  Register here (see form on right hand side)

 

Message: They reveal that exploded Gold Reserve Brisas Project...

Goldkiste3gy1nf
Rank: [?]
President
Points: [?]
13938
Rating: [?]
Votes: 126 Score: 3.9
  • Currently 4.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

They reveal that exploded Gold Reserve Brisas Project...

posted on Nov 07, 09 07:17AM

header



They reveal that exploded Gold Reserve Brisas Project

November 7, 2009

The Canadian company did not obtain the operating permit could face legal problems.

Natalie García Natalie Garcia
ngarcia@correodelcaroni.com
Photo William Urdaneta

Image
Minerven technicians discovered that the gold deposit is operated without the required permits
New details would put into question the performance of the MNC in Gold Reserve's Brisas Project Cuyuni, located in the municipality Sifontes south of Bolivar State.

According to a technical report of the commission of Minerva traveled to the area where the concession, were found sufficient evidence to conclude that it was extracting gold from the site, which was declared and the National Treasury or the Ministry of Industries Mining and Basic.

The above report is dated 3 November 2009, adds: "During the inspection it was found that there was gold production activity in these facilities and this can be observed in the summary of photographs taken in the area."

Telltale signs
Among the objects found to process the ore were found: "a melting furnace, barrels identified as sodium cyanide, 36 drums containing activated carbon, mold and equipment desorb activated carbon.

The information is supported by Yamilys Ojeda, internal auditor, Jose Perez, secretary of the board; engineer Agustin Rivas, plant supervisor, engineer Isabel Ginés, division chief laboratory; engineer Naida Hernandez, Advisor to the President and the TSU Freddy Pinto, coordinator of small mines, all of CVG Minerven.

The Brisas del Cuyuni project was taken Oct. 26 by officials of the Ministry of Basic Industries and Mining and CVG Minerven, which currently is in charge of facilities.

Although the company has the concession expired in April 2008 announced that it filed an action for international arbitration to seek damages to the Venezuelan state caused by the occupation of the site.

The claim is for $ 350 million invested in exploration and facilities and by 5 billion dollars in potential profits that could have had if they had operated the site.

Gold Reserve, the Canadian transnational mining project owner, never got all the necessary permits from the environmental point of view to begin formal activities.


http://www.correodelcaroni.com/content/view/140470/114/

New Message

Please login to post a reply

AGORACOM Quick Tips

Testimonials. Members Sure Love AGORACOM! ... Get On The List!

President's D.D.

This is an English version of the Crystallex - CVG mining contract in summary form. read more