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Gold Reserve Ltd V.GRZ

Alternate Symbol(s):  GDRZF

Gold Reserve Ltd., formerly Gold Reserve Inc., is an exploration stage company. The Company is engaged in the business of acquiring, exploring and developing mining projects. The Company owns certain wholly owned mining claims known as the LMS Gold Project (the LMS Property), together with certain personal property. The LMS Property is situated approximately 20 kilometers (km) north of Delta Junction, and 150 km southeast of Fairbanks, Alaska in the Goodpaster Mining District. The LMS Property, located in Alaska, remains at an early stage of exploration with limited annual on-site activities being conducted by the Company.


TSXV:GRZ - Post by User

Comment by Optionalon Aug 21, 2024 9:02am
76 Views
Post# 36189456

RE:RE:RE:RE:RE:RE:RE:RE:RE:It will proceed

RE:RE:RE:RE:RE:RE:RE:RE:RE:It will proceedFrom what I can remember,
the majority of data collection was done over a 7 year period by Placer Dome.
When the POG dropped to levels that did not make it worth the investment terms PD had agreed to with Vz., they sold it to Rebecca mines for $50. (Fifty dollars)
That sale was deemed to be illegal, and all the data was confiscated by the Vz mining authority in a raid.
The Chavez regime brought it all to the offices of Gold Reserve, who were asked to build it as one (Brisas and Cristinas combined)  mine.

Doug Belanger and Company put it all on a plane and sent it to Spokane to have it encryted.

I can't rreally remember how Crystallex ended up with the JV on Las Cristinas,ior how much work or investment they actually made,  and then it ws awarded to CITIC. There were also at least a half a dozen concession awards prior to Placer Dome.

What a saga.
I hope someone makes a documentary on the history of this Gold Deposit after all iis said and done.




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