Euro Sun Provides Update on Rovina Valley Copper-Gold Project in Romania

- May 23rd, 2018

Euro Sun Mining has reported that following a meeting relevant departments of the Romanian government, it has been confirmed to the company that the ministry of economy, the ministry of environment and the ministry of waters and forests have all signed the mining license.

Euro Sun Mining (TSX:ESM) has reported that following a meeting relevant departments of the Romanian government, it has been confirmed to the company that the ministry of economy, the ministry of environment and the ministry of waters and forests have all signed the mining license.

According to Euro Sun the mining license is now with the ministry of public finance for signature, following which it will be sent to the ministry of justice.  The fully executed License will then return to secretary general of government for signature by the prime minister at the next available government meeting.

As quoted in the press release, president and chief executive officer of Euro Sun, G. Scott Moore said:

“The secretary general of government assured management of their intention to ratify our mining license and will submit the fundamental note to the government meeting at the earliest opportunity following the signature of the ministry of justice. My team and I are in Romania, to assist where necessary, and to ensure a quick completion of the ratification.  We look forward to initiating the next phase of the Rovina Valley project for the state of Romania, our local communities and for all our stakeholders.”

The Rovina Valley project is described by Euro Sun as one of the largest mineral deposits in Europe. According to the company it has 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 grams of gold per tonne and 0.16 percent contained copper.

Click here to view the full Euro Sun Mining (TSX:ESM) press release.

What Caused This Sharp Rebound? More Importantly, Can You Afford To Miss Out?

Our FREE 2021 Copper Price Report Contains Exclusive Content Such As Expert Interviews, Trends, Forecasts and More!

Get the latest Copper Investing stock information

Leave a Reply