Business News • MarketWire • Reservoir Capital Corp.: Progress Report on the Deli Jovan Gold Project in Serbia |
Reservoir Capital Corp.: Progress Report on the Deli Jovan Gold Project in Serbia |
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Reservoir Capital Corp.: Progress Report on the Deli Jovan Gold Project in Serbia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2011) - Reservoir Capital Corp. ("Reservoir" or the "Company") (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) is pleased to report results of a high-level review prepared on behalf of the joint venture company Deli Jovan Exploration D.o.o. ("DE") by SRK Consulting (UK). The review focussed on the planned re-opening of the historic gold mines at Rusman and Gindusa, including health and safety aspects, mine development options, ore processing routes and preliminary economic considerations. SRK has reported positively on the project as follows: "SRK considers it likely that a small scale mining operation can be established and sustained at Deli Jovan using handheld pneumatic drilling equipment. The current constraints on operations are the unknown processing recovery and the limited information on the continuation of the ore zone outside the known working areas.&nbs
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