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Canadian Eco Oro Minerals Drills Gold, Silver at Angostura Deposit in Colombia

Eco Oro Minerals of Canada announced Wednesday it had intersected high-grade gold and silver from its Angostura gold deposit, located in northeastern Colombia.

"The results not only confirms the continuity of the higher grade mineralized structures in both the vertical and horizontal direction but also indicates higher grades than those used in the previous block model based on the 50 meter drill spacing," David Heugh, chief operating officer, said.

Highlights included 69.6 grams per ton gold and 30.4 g/t silver over 1.85 meters as well as 20.2 g/t gold and 328.8 g/t silver over 2.5 meters, the company said.

"To date, 68 per cent of the infill intercepts show higher Gold grades, 9 per cent confirm those previously modeled and 23 per cent show deterioration from the previous block model," Heugh said.

The ongoing 45,000-metre infill drill program is expected to be completed in June 2012, Eco Oro Minerals said, adding the program is intended to enhance the confidence level of the mineral resources there.

Eco Oro Minerals shares in Toronto traded up 6.59 per cent to $1.94, as of 2:10 pm EDT.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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