News

September 17, 2008

The Impending Election Could Put Carpathian Gold Into The Cat-Bird Seat In Romania

By Our Canadian Correspondent

With mineral exploration stocks in a severe bear market, major mining companies are probably starting to lick their chops in anticipation of picking up long-life resources at favourable prices in the very near future. Based on recent drill results and with new resource estimates expected before year-end, Canadian-listed Carpathian Gold’s Rovina gold-copper project in central Romania has all the early signs of shaping up as a tasty target.

Carpathian Gold has worked the 94 square kilometre Rovina exploration license since 2005, when the government originally awarded it the license. Located right in the heart of the Golden Quadrilateral, some 300 kilometres northwest of the Romanian capital Bucharest, Carpathian always knew it was onto something special. Carpathian was originally the European exploration arm of Michael Martineau's Samax Gold. Some of you may recall that Samax moved into the Tanzania's Lake Victoria district and...