VANCOUVER, Dec. 2, 2013 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) announces that the Colombian Ministry of Environment and Sustainable
Development (Ministerio de Ambiente y Desarrollo Sostenible or "MADS") held a press conference on Saturday, November 30, 2013 and
issued a release relating to the Páramo of Santurbán (the "Páramo")
indicating that, among other things, decisions relating to the Páramo
will reflect the overall strategy of the national government,
integrating social, environmental and economic aspects, and MADS will
only declare the boundaries of the Páramo after it holds workshops with
those who may be affected by the boundaries as well as those who will
be involved in the sustainability of the Páramo.
MADS indicated that the workshops will focus on three areas: ecological
restoration and protection of water, sustainable mining and agriculture
activities and payment for environmental services. These workshops will
involve national and regional governmental authorities, control
agencies and industry representatives including, among others; MADS,
the Ministry of Mines and Energy, the Ministry of Defense, the governor
for the province of Santander, the mayors and mining and agricultural
industry representatives of the area of influence of the Páramo and the
Attorney General. The first of these workshops will involve settling on
the methodology to be adopted and timelines and is expected to take
place during the second week of December 2013.
"We will continue to work with all relevant stakeholders to facilitate
the Colombian authorities' delineation of the boundaries of the Páramo
of Santurbán and in particular in the area of the Angostura Project."
stated João Carrelo, CEO & President of Eco Oro. "We believe that Eco
Oro should not be inhibited from proceeding with developing the
Angostura Project on the basis of the finding of the ecosystem
biodiversity study conducted by Ecodes Ingenieria Ltda. that the
Company's Angostura deposit is not in the Páramo (see news release
dated May 7, 2013) and the legal definitional criteria set out in the
National Development Plan. We consider that Eco Oro is one of
Santander's best allies in the socio-economic development of the region
and well-placed to assist with the conservation strategies for the
ecosystems in the area of the Angostura Project. The Angostura Project
is expected to provide substantial benefits for all our stakeholders,
including the people of Santander."
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. Eco
Oro is committed to further advancing the Angostura 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.
Certain statements in this news release are "forward-looking" within the
meaning of Canadian securities legislation. They include statements
about the delineation of the boundaries of the Santurbán Páramo and its
impact 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 26, 2013,
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:
For more information, please visit the Company's website at www.eco-oro.com or contact:
President & CEO
Tel: +1 604 682 8212
TF: 1 855 682 8212
Mary Ellen Thorburn
Tel: +1 604 682 8212
TF: 1 855 682 8212