Ecometals Announces Final EMP Approval Prior to Drilling at its Rio Zarza Gold Project in Ecuador
September 23, 2009 at 12:40 PM EDT
TORONTO, ONTARIO--(Marketwire - Sept. 23, 2009) - Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) -
Ecometals Limited is pleased to announce receipt of the final approval resolution for its Environmental Management Plan and also the renewal of its Environmental Bond. This approval is the last major step ahead of consent to commence our drilling at Rio Zarza. There will now follow, in conjunction with the Ministry of Mines and the local communities within our area of influence, a Community Relations diffusion process to present and explain the project. We understand one of the major mining companies in the area completed this process earlier this month and is now waiting final permit approval from the Ministry of Mines. Since we are both dealing with the same communities, we are hopeful of a successful outcome. A contract has now been negotiated with drill contractors and site preparations and logistics have been finalised.
Rio Zarza Gold Project
The Rio Zarza Gold Project is located north of Zamora, the district capital of Zamora Chinchipe province, southeastern Ecuador. The project adjoins the Kinross (formerly Aurelian) exploration license which covers the Fruta del Norte epithermal deposit.
Further details and maps of the planned drilling program can be obtained from the Ecometals Web site (www.ecometalslimited.com).
Chief Executive Officer Fran Scola said, "This represents a solid step in the final preparations to commence drilling at Rio Zarza."
Ecometals Limited is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Apart from its gold exploration activities in Ecuador, Ecometals also has significant manganese and iron projects in Brazil at grass roots and development planning stages.
Safe Harbor Statement: Statements contained in this release that are not historical facts are forward looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those expressed in forward looking statements. Accordingly, readers should not place undue reliance on forward looking information. This includes references to the anticipated start of drilling after a successful outcome from the community relations process and the issuance of a final approval from the Ministry of Mines. In the event the community process is unsuccessful the risk is that drilling might not be permitted. The company does not undertake any obligation to update publicly forward looking information, except as required by law.Neither 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.