REPEAT - Euro Sun Awards SENET Pty Feasibility Study for Rovina Valley Project
May 14 2020 - 06:00AM
Euro Sun Mining Inc., (TSX: ESM) (“Euro Sun” or
the “Company”) is pleased to announce that SENET (Pty) Ltd.
(“
SENET”), a DRA Global Group Company, has been
awarded the contract to deliver a definitive feasibility study for
the Rovina Valley Project (the “
Feasibility
Study”) in Romania.
SENET is one of the leading project management
and engineering firms in the field of mineral processing. For
almost three decades SENET has provided project management,
multidisciplinary engineering, procurement and logistics
management, and construction services to the mining and mineral
processing industry. SENET has a proven track record in taking
projects from feasibility study through to production.
As a specialist in executing projects in
challenging locations, SENET’s expertise covers both Lump-Sum
Turnkey EPC (Engineering, Procurement and Construction) and EPCM
(Engineering, Procurement and Construction Management) project
delivery models.
To date, SENET has completed in excess of 200
projects and facilities, as well as over 300 studies, and in which
the scope of work has included a variety of mineral/metallurgical
process plants, crushing and screening plants and bulk materials
handling facilities for mining and industrial applications.
“Our vast global experience has proven that no
two projects are quite the same, therefore our approach has been to
cater to our client’s specific requirements,” comments Darren
Naylor, Managing Director of SENET. “We are excited to be awarded
the study on such an exciting project and are very excited about
the prospect of supporting Euro Sun in delivering a world class
study. We believe that our track record in delivering projects on
time and within budget will be mutually beneficial to SENET and
Euro Sun and we look forward to a long and rewarding
partnership.”
“We are very pleased to have SENET on board,”
says Sam Rasmussen, Chief Operating Officer of Euro Sun. “SENET has
time and again delivered projects in remote countries, with
logistical and cross-border challenges and this is the type of
expertise we require to take Rovina to the ‘ready for construction’
phase. SENET has a reputation for delivering projects on time and
within budget and this is why we have appointed them on this
project.”
SENET will oversee and consolidate studies from
a number of industry experts to fast-track the Feasibility Study in
order for Euro Sun to be able to start construction on its Rovina
Mining License. The Feasibility Study is expected to be completed
by year end.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed
mining company focused on the exploration and development of its
100%-owned Rovina Valley gold and copper project located in
west-central Romania, which hosts the second largest gold deposit
in Europe.
Further information:
For further information about Euro Sun Mining,
or the contents of this press release, please contact Investor
Relations at info@eurosunmining.com or +1 416.309.4299.
Caution regarding forward-looking
information:
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the awarding of the contract for
the Feasibility Study to SENET, the expected delivery date of the
Feasibility Study and timeline for construction at the Rovina
Valley Project. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
risks inherent in the mining industry and risks described in the
public disclosure of the Company which is available under the
profile of the Company on SEDAR at www.sedar.com and on
the Company's website at www.eurosunmining.com. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
The TSX does not accept responsibility for the
adequacy or accuracy of this news release.
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