Announcement
Whitehorse, YT - 16 July 2008 � The Board of European Goldfields Limited (TSX / AIM: EGU) has noted the recent significant fall in its share price. European Goldfields continues to make substantial progress on all of its assets and is looking forward to announcing its second quarter results on 14 August 2008. The Directors know of no reason for the share price decline.
About European Goldfields
European Goldfields is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe.
Greece � European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas Gold owns three major gold and base metal deposits in Northern Greece. The deposits are the polymetallic projects of Stratoni, the Olympias project which contains gold, zinc, lead and silver, and the Skouries copper/gold porphyry project. Hellas Gold commenced production at Stratoni in September 2005 and commenced selling an existing stockpile of gold concentrates from Olympias in July 2006. Hellas Gold is applying for permits to develop the Skouries and Olympias projects.
Romania � European Goldfields owns 80% of the Certej gold/silver project in Romania. European Goldfields submitted in March 2007 a techni cal feasibility study to the Romanian government, in support of a permit application to develop the project. In March 2008, European Goldfields submitted the Environmental Impact Study to the Romanian environmental authorities to start the assessment of the environmental impact of the Certej Project.
For further information please contact:
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European Goldfields
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CODE : EGU.L |
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European Goldfields is a gold producing company based in United kingdom. European Goldfields produces gold, lead, silver and zinc in Greece, develops copper, gold and silver in Greece and in Romania, and holds various exploration projects in Romania. Its main asset in production is STRATONI in Greece and its main assets in development are SKOURIES and OLYMPIAS in Greece and CERTEJ in Romania. European Goldfields is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 147.8 billions as of today (US$ 232.7 billions, € 174.0 billions). Its stock quote reached its lowest recent point on December 05, 2008 at GBX 100.00, and its highest recent level on January 28, 2011 at GBX 990.40. European Goldfields has 183 932 000 shares outstanding. |