Gold Reserve Inc V.GRZ

Alternate Symbol(s): GDRZF

Metals & Mining Gold

Gold Reserve Inc. is an exploration stage company, which is engaged in the business of acquiring, exploring, and developing mining projects. The Company's exploration prospects include Siembra Minera and LMS Gold Project. Siembra Minera holds certain gold, copper, silver, and other strategic mineral rights within Bolivar State comprising approximately 18,950 hectares in an area located in the Km 88 gold mining district of southeast Bolivar State which includes the historical Brisas and Cristinas areas. The mineral rights held by Siembra Minera have a 20-year term with two 10-year extensions. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by the Company. The Company's subsidiaries include Gold Reserve Corporation, GR Mining (Barbados) Inc., GR Procurement (Barbados) Inc., and GR Mining Group (Barbados) Inc.

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Gold Reserve Inc

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Post by Granddeckon Feb 08, 2011 12:01pm

462 Views

Post# 18094351

Emailed the office

I emailed the company and they wrote back advising that they have had preliminary discussionswith Venezuelathat could lead to a settlement. Also stated that that they have stated publically and directly toVenezuela that they would prefer to resolve this situation in an amicable way butregardless they are prepared and capable of taking this to its logical legalconclusion.

I think this bodes well for the future, at least they are talking.

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Geologica Resource: Polymetallic upside at a depressed price