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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
Post by topdopon Nov 24, 2002 8:16pm
161 Views
Post# 5611912

re: acre & new director

re: acre & new director "The one we are spending the most time on and money on is a new discovery called Bucium Frasin which lies 2 km to the south of Rosia Montana and has a very similar mineralization style to the Rosia Montana gold/silver deposit." thanks for your research posted earlier and above. my info is that this indeed is it. word so far is that drilling has been rather "succulant" and that numbers are due very shortly. so gbu appointed a new director this past week. i'm really surprised that this appointment didn't light a fire under the stock. oyvind hushovd is a very respected mining executive, most recently retired from a stint as the president and c.e.o. of falconbridge from 1996 to 2002. personally i think he'd be great for gbu as c.e.o. and indeed he might wait it out in the wings.... just you see. topdop ps: there was a question on gold and funds working stocks for numbers. i personally would watch the milestone schedules that iraq has committed to deliver to the u.n. i think gold will see a nice run up prior to these. (first one is written declaration of all weapons delivered to u.n. by 12 dec. i believe.) a move to gold will run up to that date JMHO
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