Notes: Intersections utilize a 0.10 g/t Au cut-off allowing a maximum 2.0 consecutive m at less than 0.10 g/t Au and minimum intersection grade of 0.30 g/t Au. All above intersections are in weathered oxide zone. Intersection lengths are reported as down-hole length as true widths are not precisely known at this time. All drill holes are inclined at -50 to -60 degrees drilling azimuth of 270 to 290 degrees with exception of FMG-05 which drilled at -85 degrees and azimuth of 90 degrees. Hole orientations are designed to cut the regional trend of mineralization, which is north striking and east dipping.
The Mata da Roca target is deemed to be high priority target as it falls within a composite 3 km long Au-in-soil anomaly (defined as greater than 10 ppb Au with core zones of greater than 25 ppb Au; background is approximately 5 ppb Au). There still remain at least three targets within 5 km north of the open pit mine area that will require drill testing in 2013.
Further details on the Corporation and video link on the development progress of the RDM construction can also be found on www.carpathiangold.com and www.sedar.com.
BTV Features Carpathian Gold on BNN & PDAC Event Details
BTV-Business Television features Carpathian Gold on BNN Saturday, Mar 2 @ 8:00pm EST & Sunday, Mar 3 at 9:30am EST. http://www.b-tv.com/i/videos/CarpathianGoldMar13.wmv
Please drop by our booth #2341 during the PDAC at the Metro Toronto Convention Centre-South building on March 3-6, 2013.
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.
Carpathian is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados ("RDM") Gold Project in Brazil, which is currently focused on construction, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project ("RVP") located in Romania.
On a company wide basis, Carpathian currently hosts NI 43-101 proven plus probable reserves of 830,200 ounces of gold (proven reserves of 2,300 Kt at 1.30 g/t Au and probable reserves of 18,500 Kt at 1.23 g/t Au) and NI 43-101 mineral resources (inclusive of reserves) of approximately 8.1 million ounces of gold in the measured plus indicated categories (RVP: 405.9 million tonnes at 0.55 g/t Au for 7.19 million ounces, RDM: 19.36 million tonnes at 1.50 g/t Au for 0.936 million ounces) and approximately 0.9 million ounces of gold in the inferred category (RVP: 26.8 million tones at 0.38 g/t Au for 0.33 million ounces, RDM; 9.447 million tones at 1.93 g/t Au for 0.587 million ounces), as well as 1.4 billion pounds of copper in the measured plus indicated category (RVP: 405.9 million tones at 0.16% Cu) and 97.0 million pounds of copper in the inferred category (RVP: 405.9 million tonnes at 0.16% Cu) (see press releases dated July 17, 2012 and April 6, 2011 for further details on resources and reserves).
The RDM Gold Project is targeted to produce in the order of +/-100,000 ounces of gold per annum with an anticipated goal for the commencement of production in the second half of 2013. The Rovina Valley Project will enhance Carpathians growth profile as a mid-tier gold producer.
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