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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

Bullboard Posts
Comment by topdopon Oct 10, 2002 6:18pm
118 Views
Post# 5499708

re: denver info...

re: denver info...here's my update: obviously the village was a big issue for the majors, quite apart from their concern(s) over the quality of the gold asset. it now seems both these important factors are history. to give this perspective, kinross recently described rosia montana as the "only world class gold deposit out there today". now in the current era of consolidation, the gold mining eyes of the whole world are very focussed on gbu right now. in my opinion gbu have managed to pull a master stroke here in bringing in the hickson team and in being able to move the village along quite smoothly and in a low key way whilst everyone else was sleeping. believe me when i say this; that's really shaken things up. moving the village simply removes risk, and the asset hungry seniors are on the hunt again. my sources confirm that there are high level visits going on right now - so think of may 2001 all over again when all those non disclosures were signed and everyone went racing over there. i'm going to dig into this a bit more as i think i know whose out there too. i just want to check a bit further before i put my foot in it! i'm in the wrong time zone, so i can't do this easily, but you just try to ring gbu in toronto and see whose there... they're all in romania. go figure. line up the tinnies, i'm off to catch a wave! topdop
Bullboard Posts