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European Goldfields makes progress in permitting for Olympias and Skouries projects in Greece

Published: 04:49 07 Aug 2009 AEST

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European Goldfields Ltd (AIM, TSX: EGU) said the permitting process for the Skouries copper/gold and Olympias gold/zinc/lead/silver projects in Greece has made important progress.

It said the Ministry of Culture has now officially conveyed the approval by the Central Archaeological Council of Greece of the Preliminary Environmental Impact Study (PEIS) in relation to Skouries and Olympias projects in the province of Halkidiki, in North-Eastern Greece.

This was the final inter-ministerial document required for the granting of the PEIS itself by the Ministry of Environment and Public Works, which is now finalising the PEIS approval process.

European Goldfields holds a 95 percent interest in Hellas Gold SA, which in turn owns three major gold and base metal deposits in Northern Greece:  Skouries, Olympias and the polymetallic operation at Stratoni.

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