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Carpathian gets government approval to build RDM Mine in Brazil

By The Canadian Press | September 16, 2011

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TORONTO - Carpathian Gold Inc. (TSX:CPN), a Toronto-based international gold miner, says it has received government approval to build its 100 per cent owned Riacho dos Machados gold mine in Brazil.

The company said Friday it will speed up construction of the project, in Minas Gerais state, and expects commercial gold production to begin late next year or early 2013.

The mine is expected to produce about 94,000 ounces of gold annually for an initial eight year period.

"There are numerous exploration targets on strike of the RDM mine site and exploration drilling will commence on these targets to further enhance both the mine life and annual production rate," Carpathian said in a release.

Besides its Brazilian gold project, Carpathian also is exploring and developing the Rovina Valley gold and copper project in Romania.

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