Hellas Gold doubles shipments in Q3 2006
October 03 2006 - 8:30AM
PR Newswire (US)
MONTREAL, Oct. 3 /PRNewswire-FirstCall/ -- European Goldfields
Limited (AIM: EGU / TSX: EGU) is pleased to announce the its
65%-owned subsidiary Hellas Gold S.A. has completed six shipments
of zinc and lead/silver concentrates from its Stratoni mine in the
three-month period ended 30 September 2006 (Q3 2006), compared to
three shipments in Q2 2006. Hellas Gold also completed five
shipments of gold concentrates from the Olympias stockpile during
Q3 2006, compared to none in Q2 2006. This represents total
shipments of approximately 12,000 wet metric tonnes (wmt) zinc,
4,000 wmt lead/silver and 6,500 wmt gold concentrates in Q3 2006,
compared to shipments of 6,000 wmt zinc, 2,500 lead/silver and nil
gold concentrates in Q2 2006. European Goldfields expects to
publish its results for Q3 2006 on 14 November 2006. About European
Goldfields European Goldfields is a resource company involved in
the acquisition, exploration and development of mineral properties
in Greece, Romania and the Balkans. Greece - European Goldfields
holds a 65% interest in Hellas Gold S.A. Hellas Gold owns the three
major gold and polymetallic deposits of Stratoni, Skouries and
Olympias in Northern Greece. Hellas Gold commenced production at
Stratoni in September 2005 and selling an existing stockpile of
Olympias gold concentrates in July 2006. Hellas Gold is applying
for permits to develop the Skouries and Olympias projects. Romania
- European Goldfields owns 80% of the Certej project in Romania.
Resources were recently converted into Canadian NI 43-101 compliant
reserves, underpinning the value of the project. European
Goldfields is now completing a feasibility study for submission to
the Romanian government in Q1 2007, in support of a permit
application to develop the project. DATASOURCE: EUROPEAN GOLDFIELDS
LTD. CONTACT: European Goldfields: David Reading, Chief Executive
Officer, Office: +44 (0)20 7408 9534, ;
http://www.egoldfields.com/; Buchanan Communications: Bobby Morse,
Office: +44 (0)20 7466 5000, Mobile: +44 (0)7802 875 227, ; Ben
Willey, Office: +44 (0)20 7466 5000, Mobile: +44 (0)7802 875 227;
Renmark Financial Communication: Tina Cameron, Office: (514)
939-3989, Fax: (514) 939-3717, ; Neil Murray-Lyon, Office: (514)
939-3989, Fax: (514) 939-3717, ; http://www.renmarkfinancial.com/
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