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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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penderite

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Greystar in Columbia,

posted on Nov 27, 2009 07:12PM

I got this from BN of America,

Authorities visit Angostura gold project - Colombia

Published: Thursday, November 26, 2009 17:29 (GMT -0400)More news from Colombia

By Harvey Beltrán / Business News Americas

he Canadian ambassador in Colombia, Geneviève des Rivières, and authorities from the Colombian mining, environment and energy ministries visited Vancouver-based Greystar Resources' (TSX, AIM: GSL) Angostura gold project to learn more about its progress.

"All in all it was a very positive visit that enables us to move forward with the environmental impact study and the mine's development," Greystar executive VP Frederick Felder told BNamericas.

Deputy mining minister Silvana Giaimo and deputy environment minister Claudia Mora also took part in the visit and toured the company's facilities in Santander department, as well as the different zones where mining will take place.

Presently, the company is making progress on its EIS, which it expects to complete by year-end, so that it will be able to receive the environmental permit needed to begin construction in July or August 2010.

If the company can stick to this schedule then the mine will begin operations in 3Q12, and it is expected to produce approximately 500,000oz/y, Felder said previously.

In July the company acquired the final surface rights needed for development of Angostura and now Greystar controls 3,539ha of surface rights and some 30,000ha of mineral rights.

According to the latest information published by the company, Angostura has measured and indicated resources of 331Mt grading 1.09g/t gold and an inferred resource of 90.8Mt of 1.11g/t gold.