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Carpathian Drilling Continues Intersecting Strong Wide Gold-Copper Zones at Its Ciresata Porphyry Deposit, Romania Approximately 7,000 metres of the planned drill program have been completed year to date with results through drill-hole RGD-21 previously reported. Assay results from drill-holes RGD-22, 23, and 24 located in the south and southwest margin of the deposit have recently been received and include the following highlight intersections:
-- 434 metres at 0.95 g/t Au and 0.16% Cu (1.23 g/t Au-eq) in drill hole
RGD-24
-- Inclusive of 357 metres at 1.06 g/t Au and 0.17% Cu (1.41 g/t Au-
eq)(i)
-- 358 metres at 0.88 g/t Au and 0.16% Cu (1.21 g/t Au-eq) in drill hole
RGD-23
-- Inclusive of 210 metres at 1.02 g/t Au and 0.18% Cu (1.39 g/t Au-
eq)(i)
-- 410 metres at 0.73 g/t Au and 0.16% Cu (1.06 g/t Au-eq) in drill hole
RGD-22
-- Inclusive of 172 metres at 1.05 g/t Au and 0.22% Cu (1.50 g/t Au-
eq)(i)
"We continue to be impressed with the drill results from the Ciresata
porphyry and look forward to further drill results from our accelerated
program", said Core hole RGD-23 is the southern-most deep drill hole completed to date and extends the drill-defined mineralization a further 60 metres to the south. This drill hole intersected significant gold-copper mineralization over 358 metres and includes a higher-grade core of 210 metres at 1.39 g/t Au-eq(i). Core hole RGD-22 is a step-out from drill hole RGD-16 (which intersected 791 m at 0.63 g/t Au and 0.14% Cu, including 208 m of 1.13 g/t Au and 0.19% Cu) located on the southwest margin of the deposit and extended the drill-defined mineralization a further 75 metres to the southwest. Hole RGD-22 intersected significant gold-copper mineralization over 410 metres and includes a higher-grade core of 172 metres at 1.50 g/t Au-eq(i). Core hole RGD-24 is an in-fill drill hole in the southwest part of the deposit and near drill hole RGD-5, which was only drilled to a relatively shallow depth of 369 metres (which intersected 65 m at 0.77 g/t Au and 0.12% Cu for 1.02 g/t Au-eq). RGD-24 intersected significant gold-copper mineralization well below the area tested by hole RGD-5 and intersected 434 metres of strong gold copper mineralization, including 357 metres of 1.41 g/t Au-eq(i). Drill hole locations are shown on the Drill-hole Plan Map on the Corporations website at www.carpathiangold.com. Below is a drill-hole intersection table from the recently received assay results:
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From To Length Au Cu Au-eq(i)
Drill hole (m) (m) (m) (g/t) (%) (g/t)
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RGD-22(ii) 206 616 410 0.73 0.16 1.06
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Including 292 464 172 1.05 0.22 1.50
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RGD-23(ii) 287 645 358 0.88 0.16 1.21
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Including 341 551 210 1.02 0.18 1.39
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Including 341 483 142 1.17 0.19 1.55
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RGD-24(ii) 176 610 434 0.95 0.16 1.23
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Including 253 610 357 1.06 0.17 1.41
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Including 335 454 119 1.64 0.19 2.03
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-- To estimate Au-eq (Gold Equivalent) a gold price of US
The Ciresata porphyry system is a blind deposit that begins 40 to 140 m below
surface. The recent drill results from the south and southwest margin of the
deposit shown above highlight significant gold-copper mineralization over
intervals ranging from 360 metres to 430 metres in length. Mineralized intervals
within the core of the deposit can reach up to 716 metres in length (example,
drill-hole RGD-17 which intersected 716 metres at 1.14 g/t Au and 0.16% Cu (1.47
g/t Au-eq); see the Corporation's Press Release dated The deposit remains open to the north and west. With the four drill rigs presently operating at Ciresata the corporation plans to expedite the definition of the Ciresata deposit. RVP Background Information RVP is comprised of three Au-Cu porphyry systems (Rovina, Colnic and Ciresata)
which were discovered by the Corporation. From 2006 to 2008, 181 diamond drill
holes totaling 71,375 m have been completed on the project prior to the present
drilling program. In late 2008, A detailed NI 43-101 compliant Preliminary Economic Assessment
("PEA") was released on According to the cautionary statement required by NI 43-101, it should be noted that this PEA is preliminary in nature as it includes inferred mineral resources that cannot be categorized as reserves at this time and as such there is no certainty that the preliminary assessment and economics will be realized. The full Study of the PEA is available on www.SEDAR.com. Mining License Application Update A consortium of Romanian certified consultants have completed studies and
reports required by the Sample Protocol All samples collected from any program in Mr. Titaro is the qualified person (as defined in National Instrument 43-101) overseeing the design and implementation of the present exploration programs. He is responsible for preparing the technical information contained in this news release. About Carpathian The Corporation is an exploration and development company whose primary
business interest is developing near-term gold production on its 100% owned
Riacho dos The Riacho dos Forward-Looking Statements: This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "Project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward-looking statements. Although the Corporation 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. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. The TSX does not accept responsibility for the adequacy or accuracy of this news release. FOR FURTHER INFORMATION PLEASE CONTACT:
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