Public Consultation Underway For Greek EIS
November 08 2010 - 1:00AM
UK Regulatory
TIDMEGU
RNS Number : 7435V
European Goldfields Ltd
08 November 2010
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
PUBLIC CONSULTATION UNDERWAY FOR GREEK EIS
8 November 2010 - European Goldfields Limited (AIM: EGU / TSX: EGU) ("European
Goldfields" or the "Company") is pleased to announce that another milestone has
been reached in the permitting process for its Project in Greece.
The Environmental Impact Study ("EIS") submitted by the Company's 95%-owned
subsidiary Hellas Gold SA for the development of the Project has now been
reviewed by the Greek Ministry of Environment Energy and Climate Change ("MOE").
The MOE has delivered the EIS to the local authorities in Halkidiki, in
North-Eastern Greece and notices were issued in local newspapers on October 30th
thereby initiating the process of public consultation.
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, in accordance with the
business plan as originally
submitted.
C. The development of mining and processing at the Skouries project and of
D. The port facilities at Stratoni in service of the above projects'
operations.
The MOE acting through a Special Technical Committee has reviewed the EIS in
detail and provided important guidance to Hellas Gold in concluding that the EIS
conforms to relevant Greek and EU requirements.
Public Consultation will last for 35 days from 30th of October thereby both
allowing local stakeholders and potentially affected communities to offer their
comments and any further views to be communicated to the Special Technical
Committee as part of the conclusion of the environmental permitting process for
the Project.
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, VP Business Development Simon Atkinson
e-mail: info@egoldfields.comTom 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: egoldfields@brunswickgroup.com Tim Redfern
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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