November 28, 2005
Carpathian Gold Inc. initiates drill permitting & mobilization on its Rovina License, central Romania, based on new surface sample results
TORONTO, Nov. 28 /CNW/ - Carpathian Gold Inc. (CPN:TSX-V) is pleased to
announce that additional surface chip-channel sampling has expanded the
mineralized area of the exposed potassic alteration zone of the Colnic Au-Cu
porphyry on its wholly owned Rovina License located in central Romania.
.
Recent chip-channel sample results of sporadically distributed outcrop
exposures on the Colnic Porphyry have consistently returned gold values and
have now extended the gold-mineralized zone over an area of at least 300 m by
200 m. Results include:
3.0 m of 2.73 g Au/t and 0.27 %Cu
2.0 m of 1.48 g Au/t and 0.28 %Cu
2.0 m of 1.97 g Au/t and 0.13 %Cu
1.6 m of 0.96 g Au/t and 0.18 %Cu
3.5 m of 0.85 g Au/t and 0.20 %Cu
"We are extremely pleased on how far we have advanced this gold-copper
porphyry given that we obtained the license in September," said Dino Titaro,
President and CEO of Carpathian. "We have initiated our drilling permits and
mobilization to try and complete at least one core before the end of the year
to confirm the continuity of the mineralization to depth and provide data in
order to plan and develop a follow up program in 2006. In addition to this
core hole program, drilling is also planned, if possible before the end of the
year, on the Rovina Cu-Au porphyry located approximately 2.5 km to the north
where copper and gold mineralization have been outlined from surface sampling
as reported in our previous press release. We remain highly encouraged about
the large tonnage potential of these two target areas after recently acquiring
historical sampling and airborne geophysical exploration data that also
indicates the possibility of additional mineralized zones between these two
deposit areas that has not been evaluated." said Dino Titaro.
As reported on October 13, 2005, chip-channel samples from the earlier
sampling of a road-cut at the Colnic porphyry returned consistent assays
ranging from 0.47 to 1.98 g Au/t and 0.04% to 0.20% Cu from 41 samples over a
cumulative sample interval of 50 metres with sample lengths varying from 1 to
3.5 metres, including 18.8 metres at 1.07 g Au/t and 0.16% Cu; 2.8 metres at
1.98 g Au/t and 0.13% Cu. The results from this most recent chip-channel
sampling program are from 31 additional samples collected with sample widths
ranging from 0.5 to 6.0 m.
Mapping and sampling in exposed potassic altered microdiorite outcrops on
the Rovina deposit, 2.5 km north of the Colnic returned chip-channel samples
of 29.5 metres at 0.43% Cu and 0.44 g Au/t and 10.0 metres at 0.67% Cu and
0.54 g Au/t, and 11.0 metres at 0.41% Cu and 0.53 g Au/t (see press release of
October 13, 2005). Chip-channel sampling within the potassic zone was
completed over a cumulative sample length of 92.0 metres with individual
samples generally averaging 5 metres in length. Mapping has identified
outcrops of potassic altered microdiorite as discontinuous streambed exposures
over a linear map distance of 200 metres within a phyllic alteration halo
measuring 800 x 1,200 metres. Further mapping and sampling is required to
determine the full extent of this zone. A deep core hole is planned to be
drilled into this porphyry system to determine the continuity of the
mineralization at depth as suggested by previous drilling in the area by the
Romanian State.
Exploration data from work conducted by Rio Tinto Mining and Exploration
Ltd during 1999-2000 comprised of mapping, soil and rock sampling, stream
sediment sampling and airborne geophysics has recently been acquired. This
data is continuing to be complied, and preliminary indications show that each
of the Colnic and Rovina deposits coincide with an airborne magnetic anomaly
and that several other similar geophysical features occur between and adjacent
to these deposits. In addition, a steam sediment sampling program between the
two deposits was reported to have returned from 4 samples 0.25, 0.32, 0.55,
and 1.04 g Au/t in stream sediments adjacent to a magnetic geophysical
anomaly. Carpathian is continuing to obtain additional historical exploration
data from the area which it will compile with its ongoing field programs.
A 1,200 metre Reverse Circulation drilling program has been completed on
the Oravita License in southern Romania and assay results are pending. A 200
metre core drilling program is currently underway on this license.
All samples collected from any program in the country are prepared and
analysed at the independent SGS Ltd laboratory in Gura Rosiei, Romania, using
industry-standard fire assay techniques for gold on 50 g sample-charges with
AAS finish. Blanks and known gold-standards are inserted on a routine basis
and together comprise 10% of submitted samples. Mr. Dino Titaro is the in-
house Qualified Person (as defined in National Instrument 43-101) overseeing
the design and implementation of the present exploration programs and
responsible for preparing the technical information contained in this news
release.
Carpathian Gold Inc. is a mineral exploration company focused on gold and
copper exploration on its properties in Romania.
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The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects,
are forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in forward-
looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
>>
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For more Information please contact:
Dino Titaro, President and CEO
Website: : www.carpathiangold.com
Tel. +1 (416) 368-7744 (CAN)
Fax. +1 (416) 368 2579 (CAN)
e-mail info@carpathiangold.com
OR
Eric Leboeuf, Investor Relations
Tel. +1 (514) 341-0408 or
1-866-460-0408
Fax. +1 (514) 341-1527
e-mail: ericleboeuf@paradox-pr.ca
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