Gabriel Resources Ltd V.GBU

Alternate Symbol(s): GBRRF

Metals & Mining Gold

Gabriel Resources Ltd. is a Canadian resource company. The Company's principal business consisted of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district. The Bucium exploration concession is located approximately five kilometers to the southeast of Rosia Montana in Western Transylvania and bordering the Rosia Montana exploitation permit. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A., a Romanian company in which the Company owns an 80.69% equity interest, with the 19.31% balance held by Minvest Rosia Montana S.A., a Romanian state-owned mining company. Its subsidiaries include Gabriel Resources (Barbados) Ltd., Gabriel Resources (Netherlands) B.V., Gabriel Resources (Jersey) Ltd. and RM Gold (Services) Ltd.

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Gabriel Resources Ltd

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Comment by iceman20xxon Jun 03, 2008 12:15am

509 Views

Post# 15137498

Newmount ups stake to 19.9

Posting just out that newmount bot another 3 million plus shares bring its stake up to 19.9 at a price of 2.86

Looks to have an agreement not to exceed 20% stake and the price of 2.86 indiciates the purchase was in the last few days. Like i said in my earlier post the party has started lets hope it keeps going.

Bullboard Posts

Lucara Diamond validates expansion with another high-value stone