Venezuela adds three new gold blocks to mining corporation

The blocks, known as Guasipati-Callao, El Callao and Sifontes Sur are estimated to hold reserves amounting to 81 million ounce

Venezuelan Minister of Petroleum and Mining and Pvdsa President Rafael Ramírez gave the news (File photo)

EL UNIVERSAL

Monday January 28, 2013 02:55 PM

Venezuela's Minister of Petroleum and Mining Rafael Ramírez has informed about the incorporation of three blocks for gold development into the Venezuelan Corporation of Guayana (CVG), a subsidiary body of state-run oil company Pdvsa Industrial.

The blocks, commonly known as Guasipati-Callao, El Callao and Sifontes Sur are estimated to hold gold reserves amounting to 81 million ounce.

The minister added that Venezuela's gold reserves account for 133 million ounce.

Translated by Jhean Cabrera

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