UPDATE 1-Rusoro says Gold Reserve deal dead, despite appeal

TORONTO, Feb 19 (Reuters) - Rusoro Mining (RML.V) won't make another bid for Gold Reserve (GRZ.TO), despite Rusoro's appeal of a court decision that derailed its earlier all-stock offer for the company.

"The bid, as far as we're concerned, is now dead," Rusoro Chief Executive George Salamis told Reuters.

An Ontario Superior Court judge halted Rusoro's hostile C$128 million ($102 million) bid last week, ruling the company had gained improper access to Gold Reserve's confidential information through its contact with Endeavor Financial, (EDV.TO) which has advised both companies.

Rusoro withdrew the bid soon after, but it and Endeavor are both appealing the court's decision. However, Salamis said the appeal was not part of a plan to revive the bid.

"We're certainly not entertaining any discussions with (Gold Reserve)," he said.

Rusoro had wanted Gold Reserve for its Brisas gold deposit in Venezuela.

Gold Reserve has been stymied in its attempts to get permits to mine the 10-million-ounce property, and Venezuelan officials have said recently that Rusoro would be a preferred partner for the mine.

Though listed in Canada, Rusoro is controlled by Russia's Vladimir Agapov, who has strong ties with Venezuela.

Rusoro's shares were flat at 74 Canadian cents on the junior TSX Venture Exchange, while Gold Reserve was up 5 Canadian cents at 82 Canadian cents on the Toronto Stock Exchange.

($1=$1.26 Canadian) (Reporting by Cameron French; editing by Rob Wilson)