Carpathian Gold Inc. (TSX:CPN) is a mineral exploration company focused on the exploration and development of mineral projects with a goal of becoming a gold producing company.
The company has significant exploration properties in both Romania and Hungary located within the Carpathian Arc Region of Eastern/Central Europe. Through its subsidiaries, the main focus of exploration efforts to date has been on the wholly-owned Rovina license, which is situated in the historic gold producing “Golden Quadrilateral” area of Central Romania. This license consists of three discoveries being the Rovina, Colnic and Ciresata gold- copper porphyry deposits. All of these deposits are in an advanced exploration stage and the goal is to take them to the development stage in the near future. Currently, there is a 43-101 “first pass” Resource Estimate from 2006 drilling on the Rovina and Colnic porphyries with 3.1 million ounces of Gold and 1.1 billion lbs of Copper in both the Inferred and Indicated categories.