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VANCOUVER, Aug. 14, 2012 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX), (the "Company") is pleased to announce the appointment of Mr. Mit Tilkov as VP Exploration and the commencement of the First Stage 10,000 metre drill program at its Condor Gold Project located in Ecuador.
The Company welcomes Mr. Mit Tilkov to the position of VP Exploration. In this capacity he will have overall responsibility for the Company's extensive exploration programs at the Condor Gold Project in Ecuador. Mit graduated from the University of British Columbia with a M.Sc. Geology degree, from Simon Fraser University with an MBA degree, and has over 35 years of experience mostly in exploration management with Cominco and thereafter Teck-Cominco where he held positions in resource estimation, exploration business development and technology. His most recent position was that of President and CEO of TSX Venture Exchange listed FDG Mining Inc. - a Nicaragua gold exploration company. Mit is a registered Professional Geologist (P.Geo.) in British Columbia, Canada and will be the Company's in-house Qualified Person (QP) for the purposes of NI 43-101.
First Stage 10,000 Meter Drill Program
The Company has commenced the first stage of its planned 40,000 meter drill program at the Condor Gold Project in Ecuador. A 10,000 meter drilling contract has been awarded to Roman Drilling Corp SA of Cuenca, Ecuador. Drilling is expected to commence mid-August 2012.
FORWARD LOOKING INFORMATION
Forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Ecuador Gold and Copper Corp.
For further information:
Vice-President, Corporate Development and Investor Relations
Telephone: (604) 569-0721