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Eco Oro announces boundaries of Páramo of Santurbán declared
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO...
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":"\n\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES/\n\n\n\nVANCOUVER, Dec. 22, 2014 /CNW/ - Eco Oro Minerals Corp. (\"Eco Oro\" or the \"Company\") (TSX: EOM) is pleased to announce that the Ministry of Environment and Sustainable Development (Ministerio de Ambiente y Desarrollo Sostenible) has approved Resolution 2090 dated December 19, 2014, (the \"Resolution\") wherein the boundaries of the Páramo of Santurbán (the \"Santurbán Páramo\") have been officially declared. The Resolution and accompanying map was published on the Ministry's website today.\n\nThe Resolution provides that within the Santurbán Páramo there are certain areas where mining can take place (\"Mining Permitted Restoration Areas\"), subject to stricter environmental controls. The map below, prepared by the Company, shows the general layout of principal mineralized structures relating to the previously-disclosed resource for the Angostura deposit (preliminary economic assessment completed in 2012) in relation to the Santurbán Páramo, Mining Permitted Restoration Area and previously-declared Santurbán Regional Park (the \"Regional Park\") (see news releases dated January 9, 2013 and January 17, 2013). As depicted in this map, the boundaries of the Santurbán Páramo extend beyond the boundaries of the Regional Park. \n\nAlthough further work will be required in order to fully understand the impact of the Santurbán Páramo on Eco Oro and its assets, the Company's initial assessment indicates that the Santurbán Páramo may affect to some limited extent the development of the Angostura deposit as previously envisioned by the Company. The Company is currently assessing how the Angostura Project will be developed taking into consideration the Santurbán Páramo. This will include assessing various techno-economic parameters such as cut-off grade, production rates, mining and metallurgical approaches, access to adjacent and at depth resources and the overall infrastructure layout.\n\n\"We are very pleased that the boundaries of the Santurbán Páramo have finally been declared. With the uncertainty relating to the boundaries now out of the way, the Company will proceed with reassessing how the Angos...