Choco 10 mine definition

Choco 10 mine means Rusoro's 95% owned Choco 10 gold mine covering the Choco 4 and Choco 10 properties located in the El Callao mining district, Bolivar State, Venezuela.
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Examples of Choco 10 mine in a sentence

  • It held a 95% ownership interest in the Choco 10 mine (the “Choco Mine”) which was acquired on November 30, 2007 and a 50% ownership interest in the Isidora mine (the “Isidora Mine”) which was acquired on December 23, 2008.

  • It held a 95% ownership interest in the Choco 10 mine (“the Choco Mine”) which was acquired on November 30, 2007 and a 50% ownership interest in the Isidora mine (“the Isidora Mine”) which was acquired on December 23, 2008.

  • It holds a 95% ownership interest in the Choco 10 mine (“the Choco Mine”) which was acquired on November 30, 2007 and a 50% ownership interest in the Isidora mine (“the Isidora Mine”) which was acquired on December 23, 2008.

  • On Closing, the merged entity will be a wholly-owned subsidiary of the Company and will own, directly or indirectly, 100% of the Venezuelan interests currently held by Gold Fields, including the producing Choco 10 mine situated in the El Callao district of Bolivar State, Venezuela.

  • Rusoro currently has annual gold production of approximately 100,000 attributable ounces from its Choco 10 mine and Isidora mine, both located near the town of El Callao, Venezuela and a significant growth pipeline of development and exploration properties located across its large land position in the Bolivar State mining region in Southern Venezuela.

  • Rusoro's material properties are the Choco 10 mine, the Isidora Mine, the Valle Hondo project, the Increible 6 project, the Emilia property, the Ceiba II CVG Contract and the San Rafael/El Placer project.

  • Rusoro's motivated management team is aggressively leading the consolidation of Venezuela's gold mining sector through its recent successful acquisitions of the Choco 10 mine from Gold Fields and the Isidora mine from Hecla.

  • The Loan has a two-year term, bears interest at 10% per annum, payable semi-annually and is secured by share pledges over the Company’s principal assets including the Choco 10 mine.

  • The main asset acquired was the Choco 10 mine, located in the El Callao district, in which the Company acquired a 95% interest.

  • The recent acquisition by Rusoro of the Choco 10 mine, including an operating milling facility, located 12 km from the Increible 6 deposit, suggests that future economic assessment of Increible 6 should include examination of the potential for early exploitation of the deposit through a shared milling facility.

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