Eco Exploration is pleased to announce that final mineral analyses on samples taken from the company's Eastern Cordillera site in northern Peru, have confirmed high grade gold mineralisation in previously untested areas.
Oct. 19, 2012 - SANTIAGO - Eco Exploration (the "Company) is pleased to announce that on Thursday 18th October final laboratory analyses on deposits collected from 8 separate drill sites, confirmed the presence of high grade gold mineralization in previously untested areas outside the principal zones. This final test comes days before the company is due to begin full scale drilling on the principal site next Monday.
For Eco Exploration this is reassuring information, and gives confidence in the longevity of the new Peruvian project. Since this is the company's first established mine in Peru the company needs to make use of new local resources and must expect some teething problems. However, according to CEO Mr. Andrew Davis is “all part of the challenge of growing a business, Eco Exploration couldn't be more adequately accommodated than in Peru. We have more than sufficient local resources to succeed already in place.”
Member of the board of directors and principal geologist Dr. Frank Hughes also commented “As Eco Exploration is to invest further in Peru from 2013, it is important not only that this venture is successful, but also that the company's shareholders realize capital growth. We are supremely confident that we will achieve this”. Dr. Hughes went on to say “the excellent local infrastructure means low cash costs for the company and value for our shareholders.”
About Eco Exploration
Eco Exploration works hard to maintain a reputation as a socially responsible minerals exploration company, both within the mining industry and within the local communities in which we work. The company implements mutually beneficial policies within local communities, to ensure that people within the localities we work in can benefit from our presence; and to ensure the company is operated in a sustainable manner.