Gold Reserve, Inc. engages in the exploration and development of mining projects in Venezuela. Its primary mining asset includes Brisas project, a gold/copper deposit located in the Km 88 mining district of the State of Bolivar in southeastern Venezuela. As of June 30, 2005, Brisas project contained proved and probable reserves of approximately 9.2 million ounces of gold and 1.2 billion pounds of copper. The company is also conducting exploration on its Choco 5 property, a grass roots gold exploration target located in Bolivar State, Venezuela. Gold Reserve, Inc. was formed in 1956 and is based in Spokane, Washington.