Venezuela-focused Rusoro Mining( RML-V, RMLFF-O) has contracted Micon International to conduct a scoping study of the company’s Choco 10 gold mine.
The study, to be completed during the third quarter, has also opened the door for Micon to perform a feasibility study for Rusoro early next year.
“The commencement of the scoping and feasibility study process brings us one step closer to achieving our production goals and underscores our long-term commitment to Venezuela,” said George Salamis, president of Rusoro, in a statement.
The studies will update the potential of a significant gold production expansion at the Choco 10 mill and mine, which the company acquired last year from Gold Fields (GFI-N).
Micon, a mining consultancy company based out of Toronto, has been active in the industry for 20 years.
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