FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2005
Commission File Number: 001-31819
Gold Reserve Inc.
(Exact name of registrant as specified in its charter)
926 W. Sprague Avenue, Suite 200
Spokane, Washington 99201
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F _____
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-____________
Filed with this Form 6-K are the following, which are incorporated herein by
reference:
99.1 Press Release
May 20, 2005
Gold Reserve selects EPCM contractor for Brisas project
Certain statements included herein, including those that express management's
expectations or estimates of our future performance, constitute "forward
looking statements" within the meaning of the United States Private Securities
Litigation Reform Act of 1995. Forward looking statements are necessarily based
upon a number of estimates and assumptions that, while considered reasonable by
management are inherently subject to significant business, economic and
competitive uncertainties and contingencies.
We caution that such forward-looking statements involve known and unknown risks,
uncertainties and other risk factors that may cause the actual financial
results, performance, or achievements of Gold Reserve to be materially different
from our estimated future results, performance, or achievements expressed or
implied by those forward looking statements. These are discussed in greater
detail in Gold Reserve's filings with the U.S. Securities and Exchange
Commission at www.sec.gov and the Annual Information Form and other reports
filed with Canadian provincial securities commissions at www.sedar.com . Gold
Reserve expressly disclaims any intention or obligation to update or revise any
forward looking statement whether as a result of new information, events or
otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Gold Reserve Inc.
(Registrant)
Date: May 20, 2005 By: s/ Robert A. McGuinness
Name: Robert A. McGuinness
Title: Vice President - Finance & CFO
EXHIBIT INDEX
99.1 Press Release
NR-05-05
GOLD RESERVE SELECTS EPCM CONTRACTOR FOR BRISAS PROJECT
SPOKANE, WASHINGTON May 20, 2005
Gold Reserve Inc. (TSX: GRZ - AMEX:GRZ) announced today it has
selected SNC-Lavalin Engineers & Constructors, Inc. ("SLE&C") of
Toronto and its affiliate, SNC-Lavalin International, Inc., to
undertake the Engineering, Procurement, and Construction
Management ("EPCM") for its 100% owned Brisas gold-copper project
in southeastern Venezuela. Gold Reserve expects that a
definitive EPCM contract will be finalized shortly. SLE&C and its
affiliates are members of the SNC-Lavalin Group of Companies
("SNC-Lavalin" TSX:SNC) based in Canada.
SNC-Lavalin has significant experience in Latin America and has
offices in Caracas and Puerto Ordaz. SNC-Lavalin is well known
for its successful gold and copper project experience having been
involved in the detailed engineering and construction of major
gold and copper projects in Peru, Chile, Tanzania and elsewhere
around the world.
Doug Belanger, President, stated, "We are very pleased to select
SNC-Lavalin for the EPCM phase of the Brisas project. SNC-Lavalin
has been involved in over 30 engagements in Venezuela and we look
forward to working closely with them on the Brisas project. The
first phase will entail the detailed engineering design for the
project. Procurement and construction could begin thereafter
following receipt of final environmental permits and the Company
obtaining appropriate financing, both of which we are currently
pursuing. The selection of SNC-Lavalin is another major milestone
for Gold Reserve and our Brisas project and takes us one step
closer to unlocking the value of Brisas by advancing the project
towards production."
The Brisas operating plan from the January 2005 bankable
feasibility study anticipates processing ore at 70,000 tonnes per
day, yielding an average annual production of 486,000 ounces of
gold and 63 million pounds of copper. Cash operating costs (net
of copper by-product at US $1.00 per pound) are estimated at $154
per ounce of gold and total costs per ounce, including operating
costs and initial and sustaining capital, are estimated at $263
per ounce of gold. The Brisas project has 10.1 million ounces of
gold and 1.29 billion pounds of copper in proven and probable ore
reserves.
Gold Reserve Inc. is a Canadian company, currently developing its
Brisas gold/copper project in southeastern Venezuela.
Information regarding Gold Reserve Inc. is located at
www.goldreserveinc.com
Certain statements included herein, including those that express
management's expectations or estimates of our future performance,
constitute "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Forward looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management are inherently subject to significant business,
economic and competitive uncertainties and contingencies. We
caution that such forward-looking statements involve known and
unknown risks, uncertainties and other risk factors that may
cause the actual financial results, performance, or achievements
of Gold Reserve to be materially different from our estimated
future results, performance, or achievements expressed or implied
by those forward looking statements. These are discussed in
greater detail in Gold Reserve's filings with the U.S. Securities
and Exchange Commission at www.sec.gov and the Annual Information
Form and other reports filed with Canadian provincial securities
commissions at www.sedar.com. Gold Reserve expressly disclaims
any intention or obligation to update or revise any forward
looking statement whether as a result of new information, events
or otherwise.
FOR FURTHER INFORMATION:
Internet - www.goldreserveinc.com
A. Douglas Belanger, President
926 W. Sprague Ave., Suite 200
Spokane, WA 99201 USA
Tel. (509) 623-1500
Fax (509) 623-1634