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.

TSXV:GBU - Post by User

Gabriel Resources Ltd

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Comment by 3lectricgorillaon Oct 18, 2013 3:30pm

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Post# 21828739

RE:A little longer wait .........................

Not sure how to interpret this. The shares traded up strongly today possibly on this news. It's interesting that RMGC is sovereign over the government. Not exactly sure what this statement entails.

Sovereignty is the quality of having independent authority over a geographic area, such as a territory

So does Gabriel Resources have independent authority over the Rosia Montana area for its project. The contract held by Gabriel for Rosia Montana must be very beneficial to the company.

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