Eco Oro's Angostura Project declared a project of national interest
TSX: EOM
VANCOUVER, July 25, 2013 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) announces that the Company has received Resolution 000592 of June 19, 2013 of Colombia's national mining agency (Agencia Nacional de Mineria) wherein the Company's principal mining title, concession contract 3452 (the Angostura Project), has been declared a project of national interest. Eco Oro is one of four gold mining companies holding mining titles declared to be of national interest.
"We are pleased that the Colombian mining authorities have confirmed that the Angostura Project is of national interest." stated João Carrelo, President & CEO of Eco Oro, "We continue to be committed to this project and to work to demonstrate to all stakeholders in Colombia that Eco Oro can develop the Angostura Project in a responsible and sustainable manner and provide the corresponding socioeconomic benefits while maintaining the highest standards of environmental management, which are considerations in defining projects of national interest."
Company Profile
Eco 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 $220 million in the project's development and in that of the surrounding communities. Eco Oro is committed to further advancing the Angostura Underground Project in a socially and environmentally responsible manner that will be beneficial for all stakeholders.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements relating to the development of the Angostura Project. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, political influence, government regulation as well as other risk factors set out under the heading "Risk Factors" in the latest Annual Information Form which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
SOURCE Eco Oro Minerals Corp.
Contact
For more information please visit the Company's website at www.eco-oro.com or contact:
João Carrelo
President & CEO
Tel: +1 604 682 8212
TF: 1 855 682 8212
Mary Ellen Thorburn
CFO
Tel: +1 604 682 8212
TF: 1 855 682 8212
