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Rio2 Ltd. V.RIO

Alternate Symbol(s):  RIOFF

Rio2 Limited is a Canada-based mining company with a focus on development and mining operations. The Company is focused on its Fenix Gold Project in Chile. The Fenix Gold Project, 16,050 hectares, is located in Atacama Region, in the Copiapo Province, Chile, specifically in the Maricunga Mineral Belt, approximately 160 kilometers northeast of Copiapo by International Road CH-31. It is an undeveloped gold heap leach project in the Americas. The Fenix Gold is a mining district that contains over 70 million ounces of gold and hosts the La Coipa and Refugio mines, as well as the Volcan, Caspiche, Lobo Marte and Cerro Casale deposits. The Company’s subsidiary is Fenix Gold Limitada.


TSXV:RIO - Post by User

Bullboard Posts
Post by 5Caraton Sep 19, 2007 11:01am
179 Views
Post# 13425759

Gold

GoldEveryone following PRR is well aware of the tungsten project and the upcoming inferred 43-101 resource estimate. The gold/silver project is significant. Gold is at the moment $723 an ounce. Silver is $13 an ounce. A 1996/1997 drill program outlined an estimate of 1 million ounces of gold. A million ounces! 20 million ounces of silver! Many are sitting on the fence for the day PRR starts moving on the gold property. That day will approach. Scores like Beermountain, have asked, how many juniors possess what PRR has and trades at 25 cents? That is a first-rate question because it shows the value of PRR's assets. PRR has terrific assets. Cheers
Bullboard Posts