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Article: Gold Reserve Reports on Status of Brisas Property.
- Article from:
- Mining & Minerals
- Article date:
- November 13, 2009
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Gold Reserve Inc. (NYSE-Amex: GRZ) (TSX: GRZ) reported that the Venezuelan Government has assumed control of the Brisas Property in southeastern Venezuela. Government personnel arrived at the Brisas Camp on Monday to deliver notification of the Government's takeover of the property relating to the Brisas Del Cuyuni alluvial gold concession and to take physical possession of that property. The 500-hectare alluvial concession area is coextensive with the underlying hard rock concession area.
The Government's actions come less than a week after the company filed its request for international arbitration. Doug Belanger, President of Gold Reserve stated, "The ...