Public Consultation Concluded For Greek EIS (8748X)
December 14 2010 - 1:00AM
UK Regulatory
TIDMEGU
RNS Number : 8748X
European Goldfields Ltd
14 December 2010
Suite 200, Financial Plaza
204 Lambert Street
Whitehorse, Yukon
Canada Y1A 3T2
For Immediate Release
PUBLIC CONSULTATION CONCLUDED FOR GREEK EIS
14 December 2010 - European Goldfields Limited (TSX / AIM: EGU)
("European Goldfields" or the "Company") is pleased to announce an
important advance 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 local authorities in
Halkidiki, in North-Eastern Greece. The final public hearing took
place at a Prefectural Council meeting on Friday, December 10th and
concluded with the Prefectural Council of Halkidiki voting
unanimously to endorse the EIS.
The formal public consultation process as required by law has
now concluded. The endorsement of the Prefectural Council will now
be sent to the Ministry of Environment, Energy and Climate Change
("MOE"), for its final approval of the EIS.
The Company remains committed to providing clear and appropriate
information on 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,
in accordance with the business plan as originally submitted. This
includes the reprocessing of previously mined tailings.
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.
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 and the
sale of gold concentrates from Olympias. 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 website at
www.egoldfields.com
For further information please contact:
European Goldfields Liberum Capital Limited
Steve Sharpe, Senior VP Business Simon Atkinson
Development
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 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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