VANCOUVER, April 2, 2014 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) announces that, further to the Company's news release of April 1, 2014 that the boundaries of the Páramo of Santurbán (the "Santurbán Páramo") have been delineated, a map has been posted on the website of the Ministry of Environment and Sustainable Development (Ministerio de Ambiente y Desarrollo Sostenible or "MADS"), which appears to illustrate such boundaries. That map is available on MADS' website at the following link: www.minambiente.gov.co/documentos/9223_030414_mapa_santurban.pdf. Although the Company has requested MADS to provide the actual coordinates for the boundaries of the Santurbán Páramo in the area of Eco Oro's Angostura Project, MADS has not yet provided such coordinates and the Company is therefore unable to assess the impact of the delineation on Eco Oro and its assets at this time.
"We will continue to request that MADS provide the Company with the coordinates for the boundaries of the Santurbán Páramo in the area of the Angostura Project." stated João Carrelo, CEO & President of Eco Oro. He added "Once the coordinates are received and we have assessed the potential impact of the delineation on Eco Oro and its assets, the Company will provide an update by way of news release."
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 $230 million in the project's development and in that of the surrounding communities.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Certain 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 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 Annual Information Form dated March 6, 2014, 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.
For further 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; James Atherton, VP Legal & Corporate Secretary, Tel: +1 604 682 8212, TF: 1 855 682 8212