Last C$0.88 CAD
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Company Description

Contact Info

204 Lambert Street

Suite 200

Whitehorse, YT Y1A 3T2

Canada

Phone:

Fax:

Gabriel Resources Ltd., through its subsidiaries, engages in the acquisition, exploration, and development of precious metal mineral resource properties in Romania. The company’s 80% owned subsidiary is Rosia Montana Gold Corporation S.A. (RMGC) and its 100% owned Romanian incorporated subsidiary is Rom Aur SRL (Rom Aur). Mineral Projects The company’s three Romanian projects are located in or adjacent to the ‘Golden Quadrilateral’ area of Romania. Rosia Montana Project The company holds an 80% interest in the Rosia Montana Project through RMGC. The Rosia Montana Project consists of one exploitation concession covering approximately 2,388 hectares. The Rosia Montana Project is located approximately 85 kilometres from the regional centre of Alba Iulia. Bucium Project The company holds an 80% interest in the Bucium project through RMGC. The Bucium project consists of one exploration concession license covering approximately 2,325 hectares. The Bucium project is located approximately 5 kilometres south-east of the Rosia Montana Project. The Bucium project area is located over a dacitic-andesitic-basaltic volcanic to intrusive complex with a higher proportion of andesitic intrusives than at the Rosia Montana Project. As the titleholder of an exploration concession license, RMGC has the right to apply to the NAMR for conversion of the Bucium License into an exploitation concession license. Baisoara Project The company holds a 100% interest in the Baisoara project through Rom Aur. The Baisoara project consists of one exploration concession licence covering approximately 5,030 hectares. The Baisoara project is located approximately 45 kilometres north-east of the Rosia Montana Project and 25 kilometres south-west of Cluj-Napoca. History Gabriel Resources Ltd. was founded in 1986.

 

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