Public Consultation Underway For Greek EIS

 

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: [e-mail] Fyson 
Tel: [phone]                                            Tel: +44 
(0)20 3100 2000 
 
Brunswick 
Evolution Securities Limited 
Carole Cable / Fiona Micallef-Eynaud                         Rob Collins 
e-mail: [e-mail]             Tim Redfern 
Tel: [phone]                                            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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