Gabriel Resources

Gabriel Resources is a Canadian resources company listed on the Toronto Stock Exchange. Since 1997, the Companys principal focus has been the exploration and development of the Rosia Montana gold and silver mine in Romania. The project, one of the largest undeveloped gold and silver deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district that has been mined for over 2,000 years. The exploitation concession licence for the Project is held by Rosia Montana Gold Corporation S.A. (RMGC), a Romanian company in which Gabriel Resources owns the majority interest, with the balance held by Minvest Rosia Montana S.A. (Minvest RM), a Romanian state-owned mining company. In recent years, Gabriel Resources focus has turned to its arbitration claim against Romania, before the World Banks International Centre for Settlement of Investment Disputes (ICSID), concerning the Rosia Montana project. This legal dispute arises out ...