(05: 55 p.m.) Possible suspension of the mining prohibition in Imataca shoots action of Crystallex Toronto.

Venezuela seems to have reopened the door to the extraction in the mining reserve Imataca, according to two Canadian giants, that said Tuesday that the Government of Venezuela was revaluing a rejection to the mining permissions.

The actions of Crystallex International went off more of a 66% before the perspective from which the company/signature obtains green light for the development of the delayed auriferous project the Cristinas, whereas those of Gold Reserve, that wishes to develop to the near deposit of copper and gold Breezes, a 35% raised, informed Reuters.

In disclosed official notices separately, the companies stated that they met with the Ministry of the Atmosphere and that it said to them that the Government instructed to that portfolio so that he discusses modifications that would give green light to the permissions. Crystallex added that it received the drafts of a meeting of the National Assembly of Venezuela that showed that representing of the Ministry of Basic Industries and Mining they confirmed his support to the Canadian miner. It is too soon for Crystallex to anticipate how that subject will be solved, but it counts on the endorsement of the Venezuelan Government and the National Assembly the company said. The company hopes to obtain this year the final approval for the construction of the mine, but it said by the end of April that which inquired to him that the permission was rejected, collapsed its actions.

Tuesday, the stock of Crystallex raised 43 cents Canadian, to 1.08 dollars Canadian in Toronto, propped up by the optimism around the permission. The actions of Gold Reserve advanced 45 cents, to 1.75 dollars Canadian. Crystallex has confronted reiterated delays in its attempt to obtain the permission to develop to the deposit the Cristinas, whose auriferous reserves reach the 17 million ounces. The most recent reverse took place when the Ministry of the Atmosphere suspended all the open-cast mining activities in the Imataca reserve, where the key gold deposits are located.

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