Top official says NO DEAL on Crystallex joint venture with Gold Reserve on combined Las Cristinas Las Brisas del Cuyuni gold mines!

VHeadline Venezuela News reports:

Rumors has been rife in investment circles earlier this evening that the Basic Industries & Mines (Mibam) Ministry was about to force Gold Reserve into a joint venture or similar arrangement and that Crystallex International was about to buy out Gold Reserve's interests in Venezuela for an undisclosed sum running into multiple $ millions.

But a VHeadline source close to the Mibam negotiations with both companies assures that no such negotiations have taken place.

From the outside it appears that speculators may have been caught up in continuing rumors that Gold Reserve executives have previously projected while executives already on the ground and running in Venezuela would rather project a revocation of Gold Reserve's claim of a 'concession' and turn the Venezuela-owned gold mine over to the State-run heavy industry conglomerate CVG and/or it's gold-mining subsidiary under the terms of a new Mining Act that is shortly to be signed into law.

Further information claims that, in the case of a revocation and a return of Las Brisas del Cuyuni to 100% Venezuelan control, it MIGHT be added to or included in an exclusive mine operating contract awarded by the CVG to Crystallex International.

This latter has not yet been confirmed by any government or company official at time of writing.

VHeadline Venezuela News
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