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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 Dec 04, 2002 10:09pm
276 Views
Post# 5647862

New Gold Camp

New Gold Campi've done me diggin' and this is what i've come up with: on some further analysis of this new major discovery, the ore bodies sit in hillsides similar to rosia montanawhich would indicate a low strip ratio ie: low cost of production. back of the envelope calculations of these identified zones shows they should very likely host several million ounces au. anyone who looks properly into this and scopes over the current drilling plan, will note the huge untested zones between roddu and frasin. looks like to me that there will likely be some major upside to this new discovery above and beyond "back of envelope" calcs. no major acquirer can now doubt that gbu now has a "gold camp". this is excellent news. i've also been hearing geologists are comparing this to yannococha in peru. may the trend continue... topdop
Bullboard Posts