GREEK EIS APPROVED BY MINISTRY OF ENVIRONMENT (0647K)
08 Julio 2011 - 6:16AM
UK Regulatory
TIDMEGU
RNS Number : 0647K
European Goldfields Ltd
08 July 2011
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
GREEK EIS APPROVED BY MINISTRY OF ENVIRONMENT
8th July 2011 - European Goldfields Limited (AIM: EGU / TSX:
EGU) ("European Goldfields" or the "Company") is pleased to
announce that:
Confirming the press release issued today by the Ministry of
Environment Energy and Climate Change ("MOE"), Mr. Giorgos
Papakonstantinou in his capacity as Minister of the MOE has today
approved the Environmental Impact Study ("EIS") submitted by the
Company's 95%-owned subsidiary Hellas Gold SA for the development
of the Company's Greek assets (the "Project").
The Project consists of:
. Continuation of operations at the Mavres Petres deposit of the
Stratoni Mine;
. The next stages of the Olympias project, namely the mining and
processing of ore and metallurgical treatment of the
concentrate;
C. The development of mining and processing at the Skouries
project; and
D. The expansion of the port facilities at Stratoni in service
of the above projects' operations.
The press release issued by the MOE can be accessed on the
Ministry's website:
http://www.ypeka.gr/Default.aspx?tabid=367&locale=el-GR&language=en-US
About European Goldfields
European Goldfields is a developer-producer with globally
significant gold reserves located within the European Union. The
Company generates cash flow from its 95% owned Stratoni operation,
a high grade lead/zinc/silver mine in North-Eastern Greece.
European Goldfields will evolve into a mid-tier producer through
responsible development of its project pipeline of gold and base
metal deposits at Skouries and Olympias in Greece and Certej in
Romania. The Company plans future growth through development of its
highly prospective exploration portfolio in Greece, Romania and
Turkey.
For further information please see the Company's new website at
www.egoldfields.com
For further information please contact:
European Goldfields Liberum Capital Limited
Steve Sharpe, SVP Business Development Simon Atkinson
e-mail: info@egoldfields.com Tom Fyson
Tel: +44 (0)20 7408 9534 Tel: +44 (0)20 3100 2000
Brunswick Evolution Securities Limited
Carole Cable / Fiona Micallef-Eynaud Tim Redfern
e-mail: egoldfields@brunswickgroup.com Neil Elliott
Tel: +44 (0)20 7404 5959 Tel: +44 (0)20 7071 4300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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