03:46 PM EST - European Goldfields Ltd. : signed an agreement with Aldridge Minerals Inc. for the joint development of Aldridge's Derinkoy properties in North-Eastern Turkey, comprising licences covering a total area of 40 square kilometres. The licenses are located in the Pontides region of Turkey, a highly prospective geological terrain containing several major deposits. Under the agreement, European Goldfields will fund all exploration and development costs of the properties to earn ultimately up to a 90-per-cent interest in the project by completion of a Feasibility Study. European Goldfields Ltd. is a resource company involved in the exploration, acquisition, mining and development of mineral properties in Greece, Romania and South-East Europe. European Goldfields Ltd.
shares T.EGU are trading up $0.20 at $3.75.
