"Rusoro Mining operates rich gold deposits in the southeastern state of Bolivar, including the Choco 10 and Isidora Mines, the latter one of the most productive.

In late October, Rusoro told Reuters that Venezuela would export gold in early November, which would give enough resources to raise its annual production to 600,000 ounces in two years from about 100,000 ounces this year.

The government of President Hugo Chavez is trying to reduce its dependence on oil and mining closer strategic allies such as Russia and China, at a time when the local economy continues to struggle with the effects of the financial crisis cut oil prices.

Rusoro said it had completed the first sale of gold ounces 4924.2 deliver to a buyer in Switzerland on 17 November.

The mine is looking for Las Cristinas, one of the tanks to open untapped world's largest. "

RML still trading at 28 cents in spite of all the "good news" hype.

Give us $2B and move on.