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Message: Puerto Ordaz's tie to Gold Reserve's Property - Km 88

Puerto Ordaz's tie to Gold Reserve's Property - Km 88

posted on Feb 01, 2008 09:10AM

Gold Reserve also maintains an office in Puerto Ordaz employing approximately 32 people for purchasing and expediting supplies to the site, as well as geologists and engineers for environmental permitting and project planning development.

Puerto Ordaz, at the confluence of the Orinoco and Caroni Rivers, is a major industrial center with a population of approximately 700,000. It has sea-going port facilities servicing the steel mills, aluminum smelters, and the oil industry in the area. The city is also served daily by regular scheduled flights from Caracas.

The Puerto Ordaz port facilities are mostly dedicated to the local industries shipping raw product and would be utilized to ship copper concentrates produced at Brisas to smelters outside the country. However, it is also capable to accomodate construction, mining and milling equipment for the Brisas Project.

EDELCA (state hydroelectric company) has constructed a 400 kV powerline from Puerto Ordaz through the community of Las Claritas near Highway 10 and into Brazil. The powerline has sufficient low cost power available for Gold Properties at Km 88.

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