European Goldfields announced that has received the last remaining approval required for the grant of the zonal urbanisation (PUZ) plan relating to Certej gold-silver mine from the Timisoara authorities. The Certej project is an epithermal gold-silver deposit located in the “Golden Quadrilateral” area of the Apuseni Mountains of Transylvania in Western Romania.
“Our patience has been rewarded with a unique achievement in the development of a gold project in Romania. We appreciate that the Romanian authorities have recognised both our competence and our productive collaboration throughout this process,” said Martyn Konig, executive chairman and president of European Goldfields.
According to company data, formal public notice of this approval has been issued in Romania and, at the next meeting of the Certej council which is expected within the next week, the full PUZ permit will be granted.
Certej contains 2.4 million reserve ounces of gold, plus 17.3 million reserve ounces of silver, and lies in an area which was a major gold producer historically and retains considerable future potential.
European Goldfields is a developer-producer with globally significant gold reserves located within the European Union. European Goldfields will evolve into a mid tier producer through responsible development of its project pipeline of gold and base metal deposits at Skouries and Olympias in Greece and Certej in Romania.