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Gabriel Resources Ltd V.GBU

Alternate Symbol(s):  GBRRF

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.


TSXV:GBU - Post by User

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Post by emgib1on Aug 22, 2012 3:35pm
267 Views
Post# 20248473

A Romanian newspaper clip

A Romanian newspaper clip

Former scientific director of the Geological Institute of Ro-wrath (IGR) during 1990-1999, Justin Andrew, argues that there is evidence of a strong three-folds unknown gold deposits in Rosia Montana, Bucium. He explained that part of the area in question was operated during the Dacians and Romans, and the newly discovered pristine hide fields with large amounts of gold.
 Justin Andrew told us: "Aces-ment are some preliminary information. Now have moved on to research with modern equipment that IGR does not have. 180,000 euros We asked the Government to purchase such equipment, but did not receive any the reply. would still be a need for 200,000 euros for the work itself. If we do this research, we learn to go that deep deposits.'m serious indications at a concentration of 30 grams gold / tonne of ore compared to about 1.5 grams per Rosia Montana ".
 Specifically, Justin Andrew concluded that the three fields in Rosia Montana, Bucium are up-cept that large stores of gold concentrations following gravimetric and electromagnetic measurements made ??by 60-70 years, which he interpreted in winter, using techniques that allow deep knowledge of geological structure before drilling of exploration wells or galleries.
 However, Mr. Andrew has studied the Bucium-Tarn, where copper and gold deposits, says the senator. Although the first wells in the area were made ??in 1973, the area has not yet been exploited.
 Ask if they have Bucium operating license, we RMGC representatives responded that the company owns the Rosia Montana mining license and exploration license expired Bucium property. "The latter is being updated and split into two different operating license" us RMGC officials said.
 Justin Andrew says that the location of the gold processing plant designed by RMGC to 200-300 meters away from the proposed site to research him, would affect prospecting works: "There should be no power, because they have made ??measurements geophysical especially electrometrical ".
 Deposit of Rosia Montana area new-Bucium could be exploited underground, because the high concentrations of gold, says Justin Andrew, who believes that the project will create jobs for at least 100 years from now. In the most optimistic scenario, this could work mines 300 years.
 Expected to complete research specialist area of new gold would last three years which would lead to the creation of at least 1,000 jobs.
 In the mining project in Rosia Montana, RMGC says it is not only possible pit because of low gold concentration present in the basement.
 * More than half of the Corna Valley is permeable sandstones
 Over half of the tailings dam designed by RMGC in Corna Valley overlaps permeable sandstones, says Justin Andrew. However, it also says that the rocks peremabile side and one with impermeable rocks is cut by a system of faults, some bigger, some smaller.
 He explains: "You have to imagine that these large faults like the main rib of a leaf near his ribs there other. Toa up these faults, both large and small, are open faults because of springs occur along them. Faults are like cracks, fractures. Along their water would seep toxic substances TMF: cyanide residue, metal cyano compounds, heavy metals and arsenic and groundwater and water deep sea would be contaminated. "
 The specialist said that there would then indirectly sulfuric acid tailings dam, not the action of cyanide

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