| December 14, 2004 ENVIRONMENTAL PERMITTING PROCESS INITIATED FOR ROSIA MONTANA Toronto, Ontario, December 14, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to announce that the environmental permitting process for the development of a new mine at Gabriel's 80% owned Rosia Montana project (the "Project") has been formally initiated by submitting the Project Presentation Report (the "PPR") to the Romanian regulatory authorities. (0 KB) |
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| November 12, 2004 THIRD QUARTER CORPORATE AND PROJECT UPDATE Toronto, Ontario, November 12, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide its third quarter update with respect to the development of its 80% owned Rosia Montana and Bucium projects located in Western Romania. (0 KB) |
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| September 08, 2004 COMPLETION OF $24.75 MILLION PRIVATE PLACEMENT Toronto, Ontario, September 8, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to announce that it has closed its previously announced financing with Newmont Mining Corporation of Canada Limited ("NMCCL"), a subsidiary of Newmont Mining Corporation ("Newmont"), of 15,000,000 units of Gabriel (the "Units") at a price of Cdn$1.65 per Unit, for aggregate proceeds to Gabriel of Cdn$24,750,000. Each unit consists of one common share of Gabriel and one common share purchase warrant. Each whole common share purchase warrant entitles NMCCL to acquire one common share of Gabriel at a price of Cdn$2.00 at any time on or before December 31, 2005. The common shares comprised in the Units represent 10.2% of Gabriel's issued and outstanding common shares and, if all the warrants are exercised, then NMCCL would hold 18.6% of Gabriel's issued and outstanding common shares. (0 KB) |
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| August 30, 2004 $24.75 Million Private Placement Toronto, Ontario, August 30, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") with Newmont Mining Corporation of Canada Limited ("NMCCL"), a subsidiary of Newmont Mining Corporation ("Newmont"), pursuant to which NMCCL will purchase, on a private placement basis, 15,000,000 units of Gabriel (the "Units") at a price of Cdn$1.65 per Unit, for aggregate gross proceeds to Gabriel of Cdn$24,750,000... (0 KB) |
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| August 13, 2004 SECOND QUARTER CORPORATE AND PROJECT UPDATE Toronto, Ontario, August 13, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide its second quarter update with respect to the development of its 80% owned Rosia Montana and Bucium projects located in Western Romania... (0 KB) |
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| May 20, 2004 3 Year Extension Of The Bucium Exploration License Approved Toronto, Ontario, May 20, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide an update on its 80% owned Bucium project situated in Western Romania. Bucium Project License Extension Rosia Montana Gold Corporation S.A.'s ("RMGC") application to the Romanian National Agency for Mineral Resources (the "NAMR") to exercise its right to extend the exploration license for the Bucium project for an additional three years has been approved. As a result, the term of the B... (2 KB) |
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| May 12, 2004 First Quarter Corporate and Project Update 03-04 FIRST QUARTER CORPORATE AND PROJECT UPDATE Toronto, Ontario, May 12, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide its first quarter update with respect to the development of its 80% owned Rosia Montana and Bucium projects situated in Western Romania. Highlights · Commencement of construction of the new mine at Rosia Montana is not anticipated prior to the second quarter of 2006 · Piatra Alba Resettlement Site access road under construction · Alba I... (2 KB) |
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| February 24, 2004 Review of 2003 & Project Overview 2-04 Toronto, Ontario, February 23, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide the following update with respect to the development of its 80% owned Rosia Montana project situated in Western Romania. Highlights · Positive exploration results at both Rosia Montana and Bucium in 2003 · Archaeological discharge certificates issued for plant, pit and infrastructure sites · Preliminary work underway for the closure of the current Minvest mining operations ... (2 KB) |
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| February 09, 2004 BUCIUM PROJECT - Exploration Update; Preliminary Resource Estimate for the Rodu & Frasin Deposits 01-04 Toronto, Ontario, February 9, 2004 -- Gabriel Resources Ltd. ("Gabriel") is pleased to provide an update on its exploration activities on Gabriel's 80% owned Bucium project in Romania. Highlights · Initial phase of exploration drilling completed · Preliminary resource estimate indicates an indicated resource of 408,000 oz Au and 1,866,000 oz Ag at the Frasin deposit · Preliminary resource estimate indicates an inferred resource of 814,000 oz Au and 1,502,000 oz Ag at t... (2 KB) |
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