Really like GBU-@3.62 -Gabriel Resources Ltd. is a development and exploration company currently listed on the Toronto Stock Exchange. The company has two concessions, hosting a number of known gold-silver and copper-gold targets in the famous Golden Quadrilateral, Romania, Europe's most prolific precious metals region. Gabriel has an 80% interest in the Rosia Montana gold project with a resource of over 14Moz on which a Bankable Study has been completed by SNC Lavalin, Canada. The study confirmed the economic robustness of the project and its status as a 'World Class' gold deposit with a mineable reserve of 10.6Moz. There remains considerable upside potential to add significantly to this reserve base. The project, scheduled to start production in 2006, will be operated at a througput of 13 million tonnes per annum to produce annually an average of 533,000 ounces of gold and 1.85Moz of silver over a 16.4 year mine life. Rosia Montana is set to become one of the lowest cost gold mines in the world with Total Cash Costs of US$152/oz, net of silver credits. During the initial five years of operation, the mine is forecast to produce annually over 679,000 ounces of gold at a Total Cash Cost of just US$115/oz, net of silver credits. The initial capital cost of the project is estimated to be US$437 million. Gabriel's activities in Romania began in 1997. From this time, the company has developed, and conitnues to enjoy very good relationships and strong support in this pro-mining European country.
And AZR @.50 AZURE REPORTS ADDITIONAL RESULTS FROM MOOSELAND
3/3/04
NEWS RELEASE
Date: March 3, 2004 TSX-V Trading Symbol: AZR AZURE RESOURCES CORP.
Suite 1750 - 1177 West Hastings Street
Vancouver BC V6E 2K3
Tel: 604 683 2808
Fax: 604 683 2286
AZURE REPORTS ADDITIONAL RESULTS FROM MOOSELAND
Azure Resodw
urces Corp. (“Azure”) is pleased to announce additional results from the underground testing and bulk sampling program on the Mooseland Property in Nova Scotia, 100% optioned from Globex Mining Enterprises, Inc. (TSX: GMX). Two well mineralized shoots have been indicated on the Little North Vein System and the assay results averaged across the width of the system at each shoot, from wall to wall.
On the Little North East drift a mineralized shoot extends from 18.4m to the end of the drift at 23.0m, a length of 4.6 metres. Assay values from this shoot are as follows:
Sample Number Width (m) Au (g/t) Weighted Averages
3-082 0.15 <1.0
3-083 0.25 144.7
3-084 0.25 1.7
56.54g/t across 0.65 metres [1.649 opt Au]
3-085 0.30 2.1
3-086 0.33 85.9
3-087 0.35 1.7
30.176g/t across 0.98 metres [0.88 opt Au]
3-088 0.46 1.0
3-089 0.20 48.1
3-090 0.50 55.8
32.74g/t across 1.16 metres [0.955 opt Au]
On the Little North West drift a mineralized shoot extends from 14.0 to 19.3m from the main drift, a length of 5.3 metres, with values as follows:
Sample Number Width (m) Au (g/t) Weighted Averages
4-100 0.26 2.1
4-101 0.25 170.6
4-102 0.37 1.0
49.51g/t Au across 0.88m [1.44 opt Au]
4-103 0.45 3.4
4-104 0.32 710.6
4-105 0.34 1.3
206.63g/t Au across 1.11m [6.027 opt Au]
4-106 0.36 1.7
4-107 0.25 64.0
4-108 0.27 2.1
19.52g/t Au across 0.88m [0.569 opt Au]
In addition, a significant mineralized interval was identified at the 6 metre station from the main decline with values as follows:
Sample Number Width (m) Au (g/t) Weighted Average
4-085 0.35 <1.0
4-086 0.35 1,305.9
4-087 0.30 1.3
457.805g/t Au across 1.0m [13.353 opt Au]
Fire assays are conducted in the company laboratory with regular check assays sent to Eastern Analytical Limited in Springdale, NF and Chemex Labs in North Vancouver, BC. The program is continuing with additional sampling, surveying, detailed mapping and compilation to interpret the mineralized structural features. The program is directed by M. H. Sanguinetti, P.Eng , a Qualified Person and field work is conducted by Azure’s geologist, Glen Covey, B.Sc.
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