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Eco Oro Minerals (CSE: EOM) New Listing

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Eco Oro's focus is on the development of its wholly-owned Angostura Project, located in the mountains of the Eastern Cordillera of South America, approximately 400 kilometers northeast of the Colombian capital city of Bogotá.

Additional Information:

Company: Eco Oro Minerals
Website: http://www.eco-oro.com
Stock Symbol: CSE: EOM
Date Published: Oct 24, 2017
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Eco Oro Minerals is the latest new listing on the Canadian Securities Exchange, trading under the symbol “EOM”, having previously traded on the Toronto Stock Exchange.

The company has a portfolio of projects in Colombia, South America.

Eco Oro's focus is on the development of its wholly-owned Angostura Project, located in the mountains of the Eastern Cordillera of South America, approximately 400 kilometers northeast of the Colombian capital city of Bogotá.

The Angostura Project consists of the main Angostura deposit and four key satellite prospects.

Including the Angostura Project, the company has concessions, exploration licenses and exploitation permit areas covering an area of approximately 30,000 hectares within the Vetas-California gold district, a highly prospective area rich in mineral deposits.

Only about 10% of the concessions, licenses and permit areas have been explored.

An infill drilling program was completed from June 2011 to September 2012 including a deep drilling program designed to better delineate some of the attractive resources at depth.

This drill program provided a better geometric definition of the mineralized structures, required for planning of the underground mine design, and has contributed to a more robust resource model for underground development of the Angostura deposit.

Based on 1,069 diamond drill holes representing 362,000 metres of drilling completed between the late 1990’s to late 2012, the project contains an NI 43-101 Measured and Indicated Resource of 2.21 million ounces of gold at 4.57 grams per tonne and an additional NI 43-101 Inferred Resource of 1.03 million ounces of gold at 4.70 grams per tonne.

The shares are currently trading at $0.25, and with 106.5 million shares outstanding, the company is capitalized at $26.6 million.

For more information please visit the company’s website www.eco-oro.com, contact Paul Robertson, Interim CEO, 604-682-8212 or email contact@eco-oro.com.

I’m Megan Edwards for Investmentpitch Media