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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Post by TELEMARKERon Mar 07, 2024 8:34am

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Post# 35920001

News March 8 is the day

LONDON, UK / ACCESSWIRE / March 7, 2024 / Gabriel Resources Ltd. (TSXV:GBU - "Gabriel" or the "Company") previously announced that the arbitral tribunal (the "Tribunal") must issue its final decision ("Award") to the parties in its World Bank International Centre for Settlement of Investment Disputes ("ICSID") claim against Romania on or before March 12, 2024.

The parties have now been informed by ICSID that the Tribunal expects to render its Award this Friday, March 8, 2024. Once an Award is received, Gabriel will notify the market.

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