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Venezuela's oil revenues account for about 98 per cent of export earnings. Apart from petroleum, the country's natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.

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Bioheap leaching of sulfidic refractory gold ores has been demonstrated at large scale. There is limited comprehension of what actually occurs microbiologically in full-scale bioheap operations, despite the commercial achievement of copper ore bioheap leaching and the anticipated technical and commercial success of gold ore bioheap leaching.


extract the sulfide ore. The new sulfide ore processing plant primarily from Mexico (90%) and Venezuela. The Refineria was expected to become operational in 1996. The ore was Dominicana de Petroleo S.A. operated the only refinery converted to doré (an alloy of gold and silver), then shipped northwest of Santo Domingo. The Falcondo nickel plant

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After iron ore, Brazil's next major export commodity is gold. Currently, Brazil is considered as the 13 th largest global gold producer with an output of 61 Mt accounting for nearly 2.5% of global production. The major gold producing states of Brazil include Para, Minas Gerais and Bahia.

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Company is exploring for gold and base metals in the Abitibi Greenstone Belt. Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date. Flagship Property hosts NI 43-101 Resource - 609,000 oz Indicated / 470,000 Inferred gold.