Carpathian Gold Inc CPN:CA announced assay results from its Ciresata Deposit of the Rovina Valley Project in west-central Romania. Results are 0.63 g/t gold over 709 metres, including 0.66 g/t over 581 metres, 0.74 g/t over 163 metres and 0.81 g/t over 114 metres.
President/CEO Dino Titaro commented, “We are very pleased with the results of the deep-drilling program at the Ciresata porphyry, the highest gold-grade porphyry of the Rovina Valley Project porphyry cluster, as it has extended mineralization 280 to 300 meters below the previous drilling and supports our belief of significant resource growth potential at Ciresata. In addition, drill hole intersections such as in RGD-17 highlight the high-grade gold tenor of Ciresata and the potential of further drilling to positively impact the recently completed NI 43-101 compliant Preliminary Economic Assessment study released on March 23rd this year. In addition to a significant drilling program planned for Ciresata, we look forward to initiating feasibility studies and obtaining a Mining License for the Rovina Valley Project in 2011.”
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or Mark O’Brien
Manager, Investor Relations
by Ted Niles