VHeadline Venezuela News reports: Venezuelan economist and former government official, Americo Martin says Venezuela's gold potential in Guayana and Amazonas is high ... between 2,000 and 12,000 tonnes of probable reserves ... or 10% of global stock valued under current market conditions at US$140,000,000,000.Martin says that Venzuela's gold ore is richer than South Africa's at perhaps 16 g/t (16 grams = 0.51 troy ounces per tonne) and says that "previous Venezuelan governments have not known what to do with their massive gold resources!"
The former deputy Energy & Mines Minister says the "big problem is environmental ... gold policies have to be sustainable and environmentally friendly."
"Venezuela's gold reserves are located in the Guayana region of southeastern Venezuela which has a wonderfully sensitive biodiversity and in this regard Venezuela is ranked fourth in the world but "there are no visible short or medium-term signs that sustained gold production can be achieved!"
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US$140.000.000? That must be off by at least 3 orders of magnitude.
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