Business
Gabriel CEO addresses Denver Gold Show Conference
Gabriel CEO addresses Denver Gold Show Conference.
About this update from Gabriel Resources Ltd.
[{"type":"text","content":"\n\n\n\n\nSays Company Remains \"On Track\" at Rosia Montana\n\nTSX Trading Symbol: GBU\n\nDENVER, Colorado, Sept. 25 /CNW/ - Speaking today at the Denver Gold\nConference, Gabriel's President and CEO Alan R. Hill told investors \"Gabriel\ncontinues its steady progress,\" providing an update on the timeline for the\nCompany's Rosia Montana gold project in western Romania.\nIn his Denver remarks, Mr. Hill noted that in the third quarter, Gabriel\ncompleted the public hearings portion of the Romanian EIA process, taking part\nin 16 public consultation hearings scheduled by the Romanian Government, 14 in\nRomania and 2 in Hungary. With the public hearings complete, the Company is\ncurrently waiting for the Romanian Ministry of Environment and Water\nManagement (MEWM) to pass back all questions requiring a response.\n\"We expect the list shortly,\" said Mr. Hill. \"In the meantime, we have a\nteam analyzing each question raised in the public meetings, and preparing\nanswers to the questions the Company anticipates receiving.\" Mr. Hill\ncontinued: \"We want to make sure we can turn the responses around quickly,\nwhich will be in the form of an Annex to our EIA.\" Once complete, the Annex\nwill be submitted to the Technical Analysis Committee (TAC) within the MEWM\nfor approval and then to cabinet for final approval. Hill reaffirmed that a\ndecision on EIA approval is expected in fourth quarter 2006. Following\napproval, the Company expects to start construction in the spring of 2007\nfollowed by first gold pour in spring 2009.\n\nFourth Quarter Priorities\n\nLooking forward to fourth quarter 2006, Mr. Hill identified four key\nobjectives:\n\n>\n\nAbout Gabriel\n\nGabriel is a Canadian based resource company committed to responsible\nmining and sustainable development in the communities in which it operates.\nGabriel is currently engaged in the exploration and development of mineral\nproperties in Romania and is presently engaged in the development of its 80%\nowned Rosia Montana gold project.\n\nThe Toronto Stock Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release and the\ninformation contained herein.\n\n\n","length":2988,"tagName":"div"}]