Business

Boundaries of Páramo of Santurbán Announced

VANCOUVER , April 1, 2014 /CNW/ -  Eco Oro Minerals Corp. ("Eco Oro" or the "Comp...

articleEco Oro Minerals Corp.April 1, 20143/company/eco-oro-minerals-corp/news/boundaries-of-pandxe1ramo-of-santurbandxe1n-announced
Boundaries of Páramo of Santurbán Announced

About this update from Eco Oro Minerals Corp.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 1, 2014 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (TSX: EOM) announces that the Colombian Minister of Environment and Sustainable Development, Luz Helena Sarmiento Villamizar, has announced that the boundaries of the Páramo of Santurbán (the \"Santurbán Páramo\") have been delineated. The Company has not as yet received the coordinates or cartography for such boundaries. A formal administrative act of the Ministry of Environment and Sustainable Development (Ministerio de Ambiente y Desarrollo Sostenible or \"MADS\") is expected in the future that will specify the coordinates and otherwise give legal effect to this announcement.\n\n\"We understand that the boundaries determined by MADS should be based on technical, social, environmental and economic criteria as required by Colombian law. We have requested that MADS provide the Company with the actual coordinates for the boundaries of the Santurbán Páramo in the area of the Angostura Project so that we can assess the impact of the delineation on Eco Oro and its assets.\" stated João Carrelo, CEO & President of Eco Oro. He added \"As the coordinates become known and assessments are completed, Eco Oro will provide updates by way of news release and, in the meantime, any views regarding the impact of the Santurbán Páramo on Eco Oro or its assets should be regarded as speculative.\"\n\nCompany Profile\n\nEco Oro Minerals Corp. is a publicly-traded precious metals exploration and development company with a portfolio of projects in Colombia. Eco Oro has been focused on its wholly-owned, multi-million ounce Angostura gold-silver deposit, located in northeastern Colombia, for over 18 years during which time it has invested over $230 million in the project's development and in that of the surrounding communities.\n\nThe Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.\n\nForward-Looking Statements\n\nCertain statements in this news release are \"forward-looking\" within the meaning of Canadian securities legislation. They include statements about the impact of the Santurbán Páramo on the Company's assets and business as well as future plans for its mineral and surface rights. Forward-looking statement...

More updates from Eco Oro Minerals Corp.