Euro Sun Announces Comprehensive Metallurgical Test Results for the Rovina Valley Project in Romania
- 81.5% GOLD AND 88.6% COPPER AT COLNIC PIT
- 73.2% GOLD AND 94.7% COPPER AT ROVINA PIT
TORONTO, Sept. 19, 2018 - Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the results of the comprehensive metallurgical pilot plant test program conducted by Eriez Manufacturing at their test facility in the United States.
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Bulk samples consisting of approximately 3,000 kg per sample; representing the main geometallurgical domains from the Colnic pit and the Rovina pit were selected under the guidance of SRK Consulting. Samples were then stage crushed, ground and subjected to column rougher/scavenger flotation. The primary grind for samples Met 42 and Met 44 (Colnic) was 80% passing 75 microns. The primary grind for sample Met 43 (Rovina) was 80% passing 53 microns.
The rougher scavenger concentrate was then re-ground to 80% passing 13.8 microns and cleaned in a column cleaner circuit to produce the final concentrate. The rougher/scavenger concentrate samples for Met 42 and Met 44 were cleaned using a 3-stage closed circuit column arrangement. Rougher/scavenger concentrate from sample Met 43 was cleaned using a 2-stage open circuit column arrangement.
The results delivered an average gold recovery at the Colnic pit of 81.5% and Copper recoveries of 88.6% while the average gold recovery of the Rovina Pit was 73.2% and Copper recoveries averaged 94.7%, all utilizing no cyanide anywhere in the flotation circuit.
Scott Moore, Euro Sun’s CEO states, “We are very pleased to see the results of the Eriez test work. The gold and copper recoveries as well as the final concentrate copper grades confirm the excellent results seen in smaller scale testing conducted in April 2017 and now re-produced in a feasibility level test program.”
Corporate Update:
Euro Sun confirms that the Ministry of Finance has executed the Fundamental Note on the Mining License ratification for the Rovina Valley Project leaving only the Ministry of Justice to complete the file prior to presentation in the Government meeting for execution by the Prime Minister. The National Agency for Mineral Resources continues to assist the Ministry of Justice to ensure completeness of the file and adherence to the legislation for final approval.
Test Results:
Colnic Deposit:
| • | Met 42: Figure 1 | Copper recovery to final concentrate 82.8% | ||
| Gold recovery to final concentrate 77.6% | ||||
| Concentrate Grade: 22.17% Cu, 109.2 Au g/t contained gold | ||||
| • | Met 44: Figure 2 | Copper recovery to final concentrate 94.3% | ||
| Gold recovery to final concentrate 85.5% | ||||
| Concentrate Grade: 21.21%Cu, 83 Au g/t; contained gold | ||||
Figure 1 accompanying this announcement is available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/f83f093e-e733-4938-970d-a1dadfb48fec
Figure 2 accompanying this announcement is available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/128b80bb-8e2e-41cf-9589-3777f9f229b4
Rovina Deposit:
| • | Met 43: Figure 3 | Copper recovery to final concentrate 94.7% | ||
| Gold recovery to final concentrate 73.2% | ||||
| Concentrate Grade: 20.88% Cu, 11.8 Au g/t; contained gold | ||||
Figure 3 accompanying this announcement is available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/ef746f01-5ac7-418e-8c00-56c41be85788
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, which hosts the second largest gold deposit in Europe.
Qualified Person
Mr. Joe Milbourne, a Qualified Person as defined under National Instrument 43-101 guidelines, has reviewed the scientific and technical information contained in this press release.
Further information:
For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at info@eurosunmining.com.
Caution regarding forward-looking information:
This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the comprehensive metallurgical test results; sample returns and the progress of the ratification of the mining license. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level 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 Company 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 accurate, 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.
