VANCOUVER, 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.
"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."
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.
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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: 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; James Atherton, VP Legal & Corporate Secretary, Tel: +1 604 682 8212, TF: 1 855 682 8212