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Official Monitor of Romania Publishes Mining License for Euro Sun Mining’s Rovina Valley Project
TORONTO, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that its mining license for the
About this update from Euro Sun Mining Inc.
[{"type":"text","content":" TORONTO, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that its mining license for the Rovina Valley Project has now been published in the Official Monitor of the Romanian Government.1 Official Gazette no. 0970 of 2018 Act no. 900 of 09 November 2018 Issuer: Government of Romania Decision regarding the approval of the Concession License no. 18.174 / 2015 of the mining activity of copper ore containing gold in the Rovina perimeter, Hunedoara County, concluded between the National Agency for Mineral Resources and SAMAX ROMANIA SRL (unofficial translation) Through publication in the Official Monitor, the mining license is now legally granted by Romanian law to Euro Sun’s 100% owned subsidiary, SAMAX Romania SRL, and concludes the ratification process of its exploitation permit and mining license. The mining license is granted for 20 years and can be renewed in five-year increments. G. Scott Moore, President and CEO stated: “Once again we would like to thank the National Agency for Mineral Resources for their support of this important project for Euro Sun and for Romania. We are focused on moving this project forward as quickly as possible to the benefit of all stakeholders.” 1.Monitorul Oficial nr. 0970 din 2018 Actul nr. 900 din 09 Noiembrie 2018 Emitent: Guvernul României Hotărâre privind aprobarea Licenței de concesiune nr. 18.174/2015 a activității miniere de exploatare a minereului de cupru cu conținut de aur în perimetrul Rovina, județul Hunedoara, încheiată între Agenția Națională pentru Resurse Minerale și Societatea Comercială SAMAX ROMÂNIA - S.R.L. About The Rovina Valley Project The Rovina Valley Project is one of the largest mineral deposits in the European Union and consists of three porphyry deposits: Colnic and Rovina, two at surface deposits and Ciresta, an underground deposit. The Rovina Valley Project hosts measured and indicated mineral resources of 7.2 million ounces of gold and 1.4 billion pounds of copper in 406 million tonnes at 0.55 gold grams per tonne and 0.16% of contained copper. Qualified Person The scientific and technical information pertaining to the metallurgical studies presented in this press release has been reviewed and approve...