Euro Sun Awards Bankable Feasibility Study FOR the Rovina Valley Project to Srk Consulting and Ausenco Engineering
EURO SUN AWARDS BANKABLE FEASIBILITY STUDY FOR
THE ROVINA VALLEY PROJECT TO SRK CONSULTING AND
AUSENCO ENGINEERING
September 14, 2017
Toronto, Ontario
Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”), is pleased to report that it has
awarded the Bankable Feasibility Study contract for its Rovina Valley Gold and Copper Project to
SRK Consulting (Canada) Inc. (SRK) and Ausenco Engineering Canada Inc. (Ausenco).
SRK has been selected to provide expertise in geology, mining and financial modeling, and will
also oversee the geochemical and geotechnical work, as well as metallurgical test programs .
Ausenco will be responsible for completing the design engineering for the project.
G. Scott Moore, President and CEO of Euro Sun Mining, commented, "The award of the feasibility
study marks an important milestone as we focus on advancing the development of the Rovina
Valley Project. Our technical team will work closely with SRK and Ausenco, two experienced
international mining engineering firms, to deliver a mine development scenario that will
encompass leading environmental standards without the use of Cyanide . We will continue to
target a low capital intensity project that outlines the simple open -cut mining and floatation
processing at Rovina without the use of wet tailings impoundment.”
About SRK Consulting (Canada) Inc.
SRK Consulting is an independent, international consulting practice providing focused advice and
solutions to the earth and water resource industries. They offer specialist services in fields such
as due diligence, feasibility studies, permitting, operation optimization, mine waste and water
management, and mine closure. They have been involved in a wide range of projects in most
areas of the world and across the full spectrum of mineral commodities. Formed in 1974, SRK
employs more than 1,400 professionals in over 45 offices on 6 continents.
About Ausenco Engineering Canada Inc.
Ausenco is a global diversified engineering, construction and project management company
providing consulting, project delivery and asset management solutions to the resources, energy
and infrastructure sectors. Ausenco’s experience in gold and copper projects ranges from
conceptual, pre -feasibility and feasibility studies for new project developments to project
execution with EPCM and EPC delivery. Ausenco is currently engaged on a number of global
projects with similar characteristics and opportunities to Rovina Valley.
About Euro Sun Mining Inc.
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 west-central
Romania. The property hosts 10.84 million gold equivalent ounces (7.19 million ounces of gold
grading 0.55 g/t and 1,420 million pounds of copper grading 0.16%*), making it the second largest
gold deposit in Europe.
*Notes Related to the Mineral Resource Estimate : Gold equivalent ounces (“AuEq”) are
determined by using a gold price of US$1,370/oz and a copper price of US$3.52/lb. These prices
are the three-year trailing average as of July 10, 2012. Metallurgical recoveries are not taken into
account for AuEq. Base case cut -off used in the table are 0.35 g/t AuEq for the Colnic deposit
and 0.25% CuEq for the Rovina deposit, both of which are amenable to open-pit mining and 0.65
g/t AuEq for the Ciresata deposit which is amenable to underground bulk mining. For the Rovina
and Colnic porphyries, the resource is an in-pit resource derived from a Whittle Shell Model using
gross metal values of $1,350/oz Au price and $3.00/lb Cu price, net of payable amounts after
smelter charges and royalty for net values of US$1,313/oz Au and US$2.57/lb Cu for Rovina and
US$2.27/Ib Cu for Colnic). Rounding of tonnes as required by reporting guidelines may result in
apparent differences between tonnes, grade, and contained metal content.
Qualified Person
The mineral resources stated in this press release have been reviewed and approved by Mr.
Pierre Desautels, P.Geo. Principal Resource Geologist of AGP, who served as the independent
Qualified Person as defined by National Instrument 43-101, responsible for preparing the Mineral
Resource Estimate and Technical Report dated August 30, 2012.
Further information:
For further information about Euro Sun Mining, or the contents of this press release, please
contact Investor Relations at [email protected] or +1 416.309.4299.
Caution regarding forward-looking information:
This press release contains "forward -looking information" within the meaning of applicable Canadian
securities legislation. Forward -looking information includes, without limitation, statements regarding the
election of directors. Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, lev el of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward -looking information,
including risks inherent in the mining industry and risks described in the public disclosure of the C ompany
which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's
website at www.eurosunmining.com. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be a ccurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance
on forward -looking information. The Company does not undertake to update any forward -looking
information, except in accordance with applicable securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.