RUSORO
MINING LTD.
355 Burrard Street,
Suite 830 Vancouver,
BC V6C 2G8
Tel: 604-682-1545 Fax: 604-682-1514
DRILLING AT INCREIBLE 6 CONTINUES
TO EXTEND ALL GOLD ZONES
May 23,
2007
Trading symbol (TSX-V): RML
Vancouver, Canada – Rusoro
Mining Ltd. is pleased to report that very positive drill results continue
to be
received from the Increible 6 Project in Bolivar
State, Venezuela.
Ø
Most recent results received continue to extend the Elisa, Cristina,
and Culebra mineralized bodies
and all of
these main zones remain open to depth.
Ø
These results will be included in the database and
form part of the updated Resource Calculation
which is in
progress and scheduled to be completed in Q3 of 2007.
Ø
Over 100,000 metres of the 220,000 metres scheduled
have been completed with eleven drills
currently
drilling on the Company’s core projects.
Highlights include:
Drill Hole
|
Zone
|
|
Au g/t
|
m
|
form
|
to
|
IC-07-342
|
Elisa
|
ddh
|
2.91
|
142.3
|
409.7
|
552.0
|
IC-07-342
|
incl
|
ddh
|
8.18
|
19.0
|
532.0
|
551.0
|
IRS-188
|
Culebra
|
RC
|
7.65
|
31.0
|
36.0
|
67.0
|
IRS-198
|
Culebra
|
RC
|
9.58
|
21.0
|
48.0
|
69.0
|
IRS-191
|
Culebra
|
RC
|
6.97
|
25.0
|
24.0
|
49.0
|
IRS-186
|
Culebra
|
RC
|
7.94
|
19.0
|
37.0
|
56.0
|
IC-07-357
|
Culebra
|
ddh
|
2.00
|
73.0
|
70.0
|
143.0
|
IRS-166
|
Culebra
|
RC
|
11.03
|
13.0
|
119.0
|
132.0
|
IRS-147
|
Cristina
|
RC
|
2.59
|
37.0
|
51.0
|
88.0
|
NOTES: 1) All thicknesses are core widths / true widths
estimated at 80-85%.
2) All weighted averages calculated using uncut assays.
3) Table of all new results included at the end of this news
release.
The Company views these
results as extremely successful in supporting previous results and confirming
the size potential of all
the zones at the Increible 6 Project. As all of the main zones remain
open to depth,
drilling will continue to
aggressively test the boundaries of the outlined mineralized bodies while
infill drilling
will continue to tighten
down the drill spacing toward upgrading the current resource categories of
these zones.
A full set of results for
the 54 holes received (11 diamond drill holes and 43 RC holes) are attached to
this news release and
will be posted on the Company’s website at www.rusoro.com.
Diamond drilling was
conducted by Core Biel Drilling of Puerto Ordaz, Venezuela. RC drilling was
completed
by AK Drilling of Peru.
All drilling and drill sampling have been completed using industry
standard practices.
All drill core is
described in detail and photographed and one-half of the core remains for
inspection and reference.
Sample analyses have been
conducted at SGS labs and Triad Labs located in El Dorado
and El Callao, Venezuela.
All sample analyses were
completed using industry standard practices and standard samples, blanks and
duplicate
check samples were
randomly inserted into the sample stream to ensure quality control. A
review of the QA/QC
results shows no
significant bias and all results are considered highly reliable. Sample
rejects for all drill samples
are stored in
Rusoro’s secure facilities in Tumeremo,
Venezuela, and
will continue to be available for any further
testing which may be
required. All QA/QC is completed under the direction of G.F. Smith,
P.Geo.
Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President,
Exploration of the Company, is the Qualified
Person as defined by
National Instrument 43-101, and is responsible for the accuracy of this news
release.
ON BEHALF OF THE BOARD
“Mario
Szotlender”
Mario Szotlender, President
CONTACT INFORMATION
Ross
Gatensbury
Tel:
604-682-1545 Fax: 604-682-1514
Toll Free: 1-800-668-0091
Symbol: TSX-V:RML Email:
info@rusoro.com
Website : www.rusoro.com
The TSX Venture Exchange has not reviewed
and does not take responsibility for the adequacy or accuracy of this release.
INCREIBLE 6 GOLD
PROJECT
Additional
Mineralized Intercepts
Drill Hole
|
|
|
Au
(g/t)
|
m
|
from
(m)
|
to (m)
|
IC-07-342
|
Elisa
|
ddh
|
2.91
|
142.3
|
409.7
|
552.0
|
IC-07-342
|
incl
|
ddh
|
5.02
|
5.3
|
409.7
|
415.0
|
IC-07-342
|
and
|
ddh
|
4.99
|
17.0
|
425.0
|
442.0
|
IC-07-342
|
and
|
ddh
|
10.00
|
2.0
|
466.0
|
468.0
|
IC-07-342
|
and
|
ddh
|
4.27
|
15.0
|
476.0
|
491.0
|
IC-07-342
|
and
|
ddh
|
8.18
|
19.0
|
532.0
|
551.0
|
IC-07-359
|
Elisa
|
ddh
|
6.90
|
3.0
|
480.0
|
483.0
|
IC-07-359
|
Elisa
|
ddh
|
6.93
|
7.0
|
505.0
|
512.0
|
IRS-163
|
Elisa
|
RC
|
1.67
|
30.0
|
284.0
|
314.0
|
IRS-217
|
Elisa
|
RC
|
1.75
|
8.0
|
130.0
|
138.0
|
IRS-217
|
Elisa
|
RC
|
4.53
|
21.0
|
259.0
|
280.0
|
IC-07-349
|
Cristina
|
ddh
|
3.09
|
6.0
|
104.0
|
110.0
|
IRS-147
|
Cristina
|
RC
|
2.59
|
37.0
|
51.0
|
88.0
|
IRS-151
|
Cristina
|
RC
|
2.32
|
13.0
|
37.0
|
50.0
|
IRS-154
|
Cristina
|
RC
|
1.38
|
10.0
|
48.0
|
58.0
|
IRS-154
|
Cristina
|
RC
|
4.11
|
3.0
|
71.0
|
74.0
|
IRS-155
|
Cristina
|
RC
|
2.10
|
5.0
|
0.0
|
5.0
|
IRS-157
|
Cristina
|
RC
|
2.52
|
12.0
|
23.0
|
35.0
|
IC-07-351
|
Culebra
|
ddh
|
2.02
|
43.0
|
5.0
|
48.0
|
IC-07-355
|
Culebra
|
ddh
|
2.26
|
43.0
|
119.0
|
162.0
|
IC-07-356
|
Culebra
|
ddh
|
2.83
|
26.0
|
105.0
|
131.0
|
IC-07-357
|
Culebra
|
ddh
|
2.00
|
73.0
|
70.0
|
143.0
|
IC-07-361
|
Culebra
|
ddh
|
3.56
|
9.0
|
115.0
|
124.0
|
IC-07-363
|
Culebra
|
ddh
|
3.11
|
4.0
|
170.0
|
174.0
|
IC-07-364
|
Culebra
|
ddh
|
1.45
|
31.0
|
142.0
|
173.0
|
IC-07-365
|
Culebra
|
ddh
|
2.89
|
4.0
|
154.0
|
158.0
|
IRS-164
|
Culebra
|
RC
|
2.22
|
17.0
|
82.0
|
99.0
|
IRS-165
|
Culebra
|
RC
|
5.98
|
5.0
|
125.0
|
130.0
|
IRS-166
|
Culebra
|
RC
|
11.03
|
13.0
|
119.0
|
132.0
|
IRS-167
|
Culebra
|
RC
|
1.66
|
7.0
|
172.0
|
179.0
|
IRS-167
|
Culebra
|
RC
|
6.95
|
2.0
|
191.0
|
193.0
|
IRS-168
|
Culebra
|
RC
|
1.32
|
10.0
|
112.0
|
122.0
|
IRS-170
|
Culebra
|
RC
|
3.23
|
12.0
|
124.0
|
136.0
|
IRS-171
|
Culebra
|
RC
|
2.88
|
10.0
|
79.0
|
89.0
|
IRS-175
|
Culebra
|
RC
|
2.43
|
16.0
|
132.0
|
148.0
|
IRS-177
|
Culebra
|
RC
|
1.67
|
8.0
|
27.0
|
35.0
|
IRS-182
|
Culebra
|
RC
|
1.49
|
11.0
|
21.0
|
32.0
|
IRS-186
|
Culebra
|
RC
|
3.37
|
8.0
|
17.0
|
25.0
|
IRS-186
|
Culebra
|
RC
|
7.94
|
19.0
|
37.0
|
56.0
|
IRS-188
|
Culebra
|
RC
|
7.65
|
31.0
|
36.0
|
67.0
|
IRS-191
|
Culebra
|
RC
|
6.97
|
25.0
|
24.0
|
49.0
|
IRS-191
|
Culebra
|
RC
|
6.19
|
7.0
|
60.0
|
67.0
|
IRS-196
|
Culebra
|
RC
|
1.92
|
14.0
|
16.0
|
30.0
|
IRS-196
|
Culebra
|
RC
|
2.25
|
34.0
|
56.0
|
90.0
|
IRS-197
|
Culebra
|
RC
|
1.87
|
10.0
|
0.0
|
10.0
|
IRS-198
|
Culebra
|
RC
|
9.58
|
21.0
|
48.0
|
69.0
|
IRS-200
|
Culebra
|
RC
|
3.89
|
25.0
|
43.0
|
68.0
|
IRS-202
|
Culebra
|
RC
|
1.17
|
31.0
|
5.0
|
36.0
|
IRS-203
|
Culebra
|
RC
|
0.98
|
24.0
|
0.0
|
24.0
|
IRS-204
|
Culebra
|
RC
|
1.09
|
37.0
|
0.0
|
37.0
|
IRS-206
|
Culebra
|
RC
|
1.36
|
12.0
|
6.0
|
18.0
|
IRS-206
|
Culebra
|
RC
|
2.48
|
10.0
|
33.0
|
43.0
|
IRS-208
|
Culebra
|
RC
|
10.10
|
3.0
|
19.0
|
22.0
|
IRS-210
|
Culebra
|
RC
|
0.76
|
24.0
|
38.0
|
62.0
|
IRS-216
|
Culebra
|
RC
|
3.43
|
35.0
|
55.0
|
90.0
|
IRS-219
|
Culebra
|
RC
|
2.81
|
46.0
|
64.0
|
110.0
|
NOTES:
1) All thicknesses are core widths / true widths estimated at 75-80%.
2) All weighted averages calculated using uncut assays.