WHITEHORSE, Feb. 24 /CNW/ - European Goldfields Limited (AIM: EGU / TSX: EGU) (the "Company") notes today's report on Thomson Reuters referring to the permitting
process in Greece.
European Goldfields confirms that it has not been officially notified by
the Greek authorities that there is any issue regarding the permitting
process or the timing of such.
The Company notes the clarification from the Greek Ministry for
Environment, Energy and Climate Change ("MOE") that has since been
The Minister, Ms Birbili has been further quoted in a news briefing
later this afternoon as stating that "the Environmental Study is under
evaluation and the Ministry will issue the terms [of the permit] once that is complete".
The Company confirms that it has not been asked to provide any
additional information by the MOE regarding groundwater or groundwater
pollution. The Company has previously received confirmation from a
Special Technical Committee of the MOE that the final Environmental
Impact Statement ("EIS") conformed with all technical requirements
under Greek and EU environmental legislation.
In addition, the Company wishes to highlight that after full public
consultation, on 10 December 2010 the local prefectural council
unanimously supported the EIS and passed the same to the MOE for final
European Goldfields has full confidence in the integrity of the
permitting process in Greece and will keep the market informed as
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.
SOURCE European Goldfields Ltd.
For further information:
|European Goldfields ||Liberum Capital Limited|
|Steve Sharpe, SVP Business Development ||Simon Atkinson|
|e-mail: firstname.lastname@example.org ||Tom Fyson|
|Tel: +44 (0)20 7408 9534 ||Tel: +44 (0)20 3100 2000|
| || |
|Brunswick ||Evolution Securities Limited|
|Carole Cable / Fiona Micallef-Eynaud ||Rob Collins|
|e-mail: email@example.com ||Tim Redfern|
|Tel: +44 (0)20 7404 5959 ||Tel: +44 (0)20 7071 4300|