The Big Difference; Peter Vukanovich STEPS UP!
Euro Sun Appoints Peter Vukanovich Non-Executive Chair And Provides Rovina Valley Project Update
GlobeNewswire - Tue Jan 5, 4:00PM CST
Euro Sun Mining Inc. (TSX:ESM.TO) ("Euro Sun" or the "Company" is pleased to announce that the board of directors has elected Mr. Peter Vukanovich as non-executive chair of Euro Sun Mining.
Mr. Vukanovich is an entrepreneurial leader and experienced corporate board member.
Mr. Vukanovich has held senior executive roles during his career including Genworth Financial Canada/GE Capital Mortgage Insurance, CFF Bank and Teranet Inc. He is a Chartered Professional Accountant, holds a Bachelor of Commerce degree from the University of Toronto and has been a member of numerous not-for-profit boards and advisory committees.
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G. Scott Moore, President and CEO stated, "We are pleased to have Peter become our independent chairman. His appointment further highlights the Company's approach to continuous improvement in corporate governance."
Project Update
The company and its key engineering consultants continue to make progress towards completion of the definitive feasibility study ("DFS" for the Rovina Valley Project as well as ongoing submittals to support our required permitting path for construction.
During this quarter, the Covid-19 global pandemic has made it more difficult to finalize the DFS. The Company now expects completion of the definitive feasibility study during Q1 2021. Euro Sun continues to progress all permitting for the project in a timely manner and in conjunction with all Romanian laws.
G. Scott Moore, President and CEO also stated, "During this global pandemic our team at Rovina has been challenged with the ever-evolving restrictions in Romania and elsewhere in the world and its impact on our progress at Rovina. They have done an outstanding job to keep all aspects of the project advancing and we endeavour to continue our efforts towards a successful outcome.
While the gold price has performed well since our PEA of 2019, we would like to highlight that copper prices are trending higher and should have a positive impact on the DFS given the large size and highly recoverable nature of copper in the Colnic and Rovina deposits."
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.
For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at info@eurosunmining.com
