RE: Gabriel Resources clears hurdles in Romania. SHere's the press release to see how another Canadian company is doing relative to Romania's archaic rules.
Gabriel Resources Ltd: Grant of Archaeological Discharge Certificate
7/14/2011 7:14:55 AM - Market Wire
TORONTO, Jul 14, 2011 (Marketwire via COMTEX News Network) --
For Immediate Release 14 July 2011
Gabriel Resources Ltd
Grant of Archaeological Discharge Certificate
Toronto, Ontario, Canada - July 14, 2011: Gabriel Resources Ltd. ("Gabriel" or "the Company") announces that it has been granted an archaeological discharge certificate for the Carnic open pit at the Company's Rosia Montana gold and silver project ("Project"), located in Romania.
The Company continues to work with the Romanian Government to ensure the Project is fully permitted within the laws of Romania and the European Union. Gabriel will report further on its progress with respect to the permitting approval process in its second quarter results announcement on or around August 3, 2011.
Jonathan Henry commented: "The granting of the archaeological discharge certificate for Carnic is a significant step to receipt of other key permits and approvals required to advance the Rosia Montana gold and silver project, which will deliver much-needed economic development and employment to the region as well as to Romania."
For further information on this press release, please contact:
Jonathan Henry Bobby Morse
President and Chief Executive Officer Buchanan
Gabriel Resources Ltd Tel: +44 20 7466 5000