Expert Team Was Convened by Romanian and Hungarian Government
TSX Trading Symbol: GBU
TORONTO, March 2 /CNW/ - The Independent Group of International Experts
(IGIE) Report on the Rosia Montana Project is now publicly released. The IGIE
panel - also known as the Ad Hoc Group - was convened in 2006 by the agreement
of the Romanian and Hungarian Governments for the purposes of reviewing the
Romanian gold mining project and its impacts. The IGIE Report reaches the core
conclusion that the EIA for the Rosia Montana Project is "well developed."
"We are very appreciative of the expert review conducted by the IGIE,"
said Alan R. Hill, CEO of Gabriel Resources. "It is clear the panel worked
through the entirety of our 5,000 page EIA, which makes it all the more
heartening that they find our project well developed." The IGIE panel is
composed of six mining and environmental experts, two each from Hungary and
Romania, with the rest of the EU represented by members from Sweden and
The IGIE Report includes a number of recommendations, which it defines as
"observations which may bring improvement in the management of the project,
but (are) not considered an absolute requirement that they should be
implemented," and concerns, which "require action from decision makers,
authorities, and/or designers." Said Hill: "While we are just now receiving
the report, and our EIA team will review its findings with care, our initial
assessment is that the concerns raised in it can and will be addressed within
Romania's EIA process."
Gabriel is a Canadian based resource company committed to responsible
mining and sustainable development in the communities in which it operates.
Gabriel is currently engaged in the exploration and development of mineral
properties in Romania and is presently engaged in the development of its 80%
owned Rosia Montana gold project.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release and the
information contained herein.
For further information:
For further information: GABRIEL RESOURCES LTD., 1501 - 110 Yonge
Street, Toronto, Ontario, M5C 1T4, Canada, T: (416) 955-9200, F: (416)
955-4661, E: email@example.com, www.gabrielresources.com