Attention Business Editors:
Gabriel delivers Rosia Montana EIA Annex to the Romanian government
TSX Trading Symbol: GBU
TORONTO, May 4 /CNW/ - Gabriel Resources Ltd's ("Gabriel") 80% owned
Romanian subsidiary, Rosia Montana Gold Corporation S.A. (RMGC), today
delivered the Annex to its Rosia Montana Environmental Impact Assessment (EIA)
to the Romanian Ministry of Environment. The Annex consists of answers to all
questions presented during the Public Consultation and Disclosure Process
phase, conducted last summer in 14 public sessions across Romania, plus two in
Hungary which were held in accordance with the Espoo Convention on
environmental impact assessment in a trans-boundary context, as well as all
other stakeholder questions presented directly to the Romanian Government.
"In our Annex, we provide answers to each of the 5610 questions and
93�contestations put forward," said Alan R. Hill, President and CEO. "While
the Romanian Government sent us the questions on January 31, 2007, we have
been working since last August to identify and answer likely questions. That
preparatory work allowed us to provide the detailed answers we delivered
today. I want to thank the more than 150 members of our Annex team for the
many months of work that produced such a comprehensive product."
The Annex, which runs to 12,600 English pages (12,900 Romanian pages),
provides detailed responses to each question, incorporating environmental,
social, cultural, technical and legal aspects of the Rosia Montana Project
into the answers. In cases where questions suggested a need for more
information and analysis, the Company commissioned in-depth studies, which are
also presented to the Romanian Ministry of Environment as part of the Annex.
Examples include an independent Water Quality Modeling Study that was designed
to determine river water quality downstream of the proposed mine from two
perspectives: firstly, assessing the beneficial impacts of the clean up of
past ("historical") mining pollution and secondly, assessing the potential
impacts resulting from worst case scenario pollution events from the Rosia
Montana Project. Work was also done to detail the costs of developing the area
for tourism alternatives both in the absence of the new mining project and as
a parallel program to the new mine.
Under Romanian law, the Technical Assessment Committee ("TAC"), comprised
of government officials from the various Ministries of the Romanian Government
involved in the permitting process, is required to schedule a meeting within
40 business days to review the project, the EIA and our responses to the
questions asked during the public consultation. The TAC could recommend
approval of the project or require further clarification from the Company. The
Romanian Government makes the final determination on EIA approval.
In line with our previous guidance we submitted the Annex in spring 2007,
we continue to work toward EIA approval during summer 2007 and provided we are
able to purchase the necessary properties and obtain the other permits and
approvals, we would expect receipt of the construction permits fall 2007.
The EIA complies with all relevant EU directives, Romanian law and
international best practices and as a result, requires no exceptions or relief
from any law or directive.
Gabriel is a Canadian based resource company committed to responsible
mining and sustainable development in the communities in which it operates.
Gabriel is currently engaged in the exploration and development of mineral
properties in Romania and is presently engaged in the development of its 80%
owned Rosia Montana gold project.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release and the
information contained herein.
For further information: Gabriel Resources Ltd., 1501 - 110 Yonge Street,
Toronto, Ontario, M5C 1T4, Canada, T: (416) 955-9200, F: (416) 955-4661, E: