Carpathian Gold Inc. is providing an update on the 2008 drilling activities on its 100% owned Rovina Exploration License in central Romania, which includes the Rovina and Colnic porphyry deposits, located approximately 2.5 km apart and the Ciresata porphyry prospect located approximately 4.5 km south of the Colnic deposit.

At the Rovina Cu-Au Porphyry, two drill rigs have been active in 2008 with 7,343 m drilled to date this year from 15 diamond drill holes. This drill program was comprised of in-fill, delineation and boundary definition drilling designed to upgrade resource categories and delineate the margins of the mineralized porphyry system. This press release reports the assay results from 8 drill holes; RRD-57 to RRD-64 which total 3,926 m of drilling since the last drilling results for this porphyry were released on May 7th, 2008. Highlight intersections from the recent assay results include drill hole RRD-57, which is an in-fill drill hole and intersected mineralization from surface to the end of the hole at 513 m, with;

513 m at 0.37 g/t Au and 0.39% Cu (1.17 g/t gold equivalent (”Au eq))(i) including 323 m of 0.42 g/t Au and 0.44 % Cu (1.35 g/t Au eq.)

(i)Note: as used in this release, gold (Au) and copper (Cu) equivalents utilize gold at $650 USD/oz and copper at $2.00 USD/lb. Metallurgical recoveries are not considered.

This drill hole is defining the northeastern extent of the higher-grade core of the Rovina deposit within the existing drill pattern. Drill hole RRD-58 drilled in the ‘Gap Zone’ between the main Rovina porphyry body and the satellite Baroc Valley porphyry body encountered a zone of copper-gold mineralization that continues to demonstrate the continuity of the mineralization between these two porphyries that remains above a potential economic cut-off grade. This drill hole returned 114 m of 0.17 g/t Au and 0.19% Cu for a gold equivalent of 0.57 g/t. Drill hole RRD-64, also in the ‘Gap Zone’ encountered a similar intersection, 110 m of 0.13 g/t Au and 0.17% Cu for a gold equivalent of 0.49 g/t Au.

“These results verify and extend, as well as help define the higher-grade core of the Rovina Porphyry in addition to demonstrating the continuity of mineralization between the Rovina and Baroc Valley porphyry bodies, said Dino Titaro, President and CEO of Carpathian. “While these results are beyond the data cut-off for the Resource Estimate update presently being worked on, they will complement future project evaluation efforts”.

Drill holes RRD-62 and 63 tested for deep mineralization on the eastern edge of the drill pattern and intersected gold and copper mineralization that remains above a potential economic cut-off grade. For example RRD-63 encountered 205 m of 0.20 g/t Au and 0. 20% Cu for a gold equivalent of 0.62 g/t. These holes indicate that at depth mineralization is open towards the east.

Drill holes RRD-59, 60, and 61 were scout drill holes designed to test for the presence of mineralization towards the southern portion of the Rovina Porphyry. These drill holes encountered barren andesite and post-mineral phreato-magmatic breccias with some narrow sections of relatively low grade Cu-Au mineralization. For example RRD-59 intersected 8 m at 0.46 g/t Au an 0.21% Cu, while drill hole RRD-61 intersected 52 m at 0.17 g/t Au and 0.13% Cu.

A table of drill hole assay intersections for the recently completed drill holes at the Rovina Porphyry can be found at the end of this press release. In addition, a drill hole orientation table is included. A complete listing of all drill hole results for each of the Colnic and Rovina porphyry systems as well as a drill-hole location map can be found on the Corporation’s web site at www.carpathiangold.com.

Rovina Valley Project

The Rovina Valley Project refers to the Rovina Cu-Au Porphyry, and the Colnic Au-Cu Porphyry which are 2.5 km apart and both discovered by the Corporation in 2006. Currently the drilling program at the Rovina and Colnic porphyries has been put on hold while drilling is ongoing at the Ciresata Au-Cu Porphyry. Recent results from the Ciresata Porphyry (Reported July 7th) include RGD-8 that encountered 325.65 m at 1.04 g/t Au and 0.16% Cu (1.38 g/t Au eq.).

As previously reported, AMEC Americas Ltd. (”AMEC”) has been retained by the Corporation to complete an updated NI 43-101 compliant resource estimate for the Rovina and Colnic porphyry deposits that will include drilling results up to April, 2008. This resource estimation work is progressing and will update the previous estimate provided by AMEC on May 29th, 2007, which was based on drilling completed in 2006 on each of these deposits. In addition, this resource estimate will include the recently discovered Ciresata Au-Cu mineralization. The estimated time for delivery of these resource estimates is early in the fourth quarter of this year. At Ciresata, drilling is on-going and a further minimum of 15,000 metres is proposed to better define the size potential and grade continuity of this Au-rich porphyry system. Additional drill results for the Ciresata porphyry, subsequent to those reported on July 7, 2008, will be released as they become available.

Sample Protocol

All samples collected from any program in Romania and Hungary are prepared and analyzed at the independent Rom Analize SRL Laboratory in Gura Rosiei, Romania, owned and operated by ISO Certified ALS-Chemex Laboratory, using industry standard fire assay techniques for gold on 50-gram sample charges with AAS finish. Copper is analyzed using the industry-standard method of aqua-regia digest on a 0.40 -gram sub sample with an AAS finish. Coarse blanks, pulp blanks, pulp duplicates, core twins and known gold and copper standards are inserted on a routine basis. They consist of 15 per cent of submitted samples. For the current drill program a minimum of 3% of sample pulps are analyzed at the ISO Certified OMAC Laboratory in Ireland, for check assays. The drill assays reported in this press release are from split HQ and NQ size diamond core with the remaining half retained for reference. All holes are sampled on one metre intervals from the top to the end of the hole.

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.

The Corporation is a mineral exploration company focused on gold exploration primarily on its properties in Romania, Hungary and on its development-stage property in Brazil.

Contact:

Contacts:
Carpathian Gold Inc.
Dino Titaro
President & CEO
(416) 368-7744 (CAN)
(416) 260-2243 (CAN) (FAX)

Carpathian Gold Inc.
Mike O’Brien
Manager Investor Relations
(416) 368-7744 (CAN)
(416) 260-2243 (CAN) (FAX)
Email: info@carpathiangold.com
Website: http://www.carpathiangold.com

Eric Leboeuf
Investor Relations, Montreal
(514) 341-0408 or 1-866-460-0408
(514) 341-1527 (FAX)
Email: ericleboeuf@paradox-pr.ca

Source: Carpathian Gold Inc.

This entry was posted by Gold Mining on Wednesday, July 23rd, 2008 at 10:33 pm and is filed under Copper, Gold, Gold Mining Companies. Tags: AMEC Americas Ltd., America, Americas, Andes, Baroc Valley, Brazil, Carpathian Gold Inc., Company, Copper, Dino Titaro, Drilling, Eric Leboeuf, Gold, gold exploration, Gold Mine, gold miner, Gura Rosiei, Hungary, Inc., Investor Relations, Ireland, ISO Certified ALS-Chemex Laboratory, ISO Certified OMAC Laboratory, Ltd, metal, Mike O'Brien, Mine, Montreal, North, Northeastern, porphyry systems, PROPERTY, Qualified Person, Rom Analize SRL Laboratory, Romania, Titaro, USD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.