Euro Sun Mining Inc. is aware that the Secretary General of Government for the Government of Romania has published a notice on their website pertaining to the procedure for ratification of the mining license for the Rovina Valley Project located in Central-West Romania.
In continuation of the Public Transparency Legislation in Romania, the endorsement procedure outlined was initiated on March 6, 2018. Ratification by the Ministry of Economy, Ministry of Environment, and Ministry of Water and Forests had to be concluded no later than March 9, 2018, but is currently in a standby due to Romanian bureaucracy delayment.
Further re-analysis and ratification had occurred on March the 16th, by the Ministry of Public Finance, and on March the 23rd, 2018 by the Ministry of Justice.
Scott Moore, President and CEO of Euro Sun stated: ‘We are pleased to see the continued progress on our mining license and continued process transparency by the Romania Government.’
Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in Central-West Romania, which hosts the second largest gold deposit in Europe.