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  • Eco Exploration Reports Mining Interests In Peru To Rise By An Additional 20% Over 12 Months

    Eco Exploration to stagger investment in rapidly expanding Peruvian economy, increasing the company's Peruvian investment portfolio by additional 20% by mid-2013.

    Aug. 22, 2012 - Eco Exploration, a pioneering mineral exploration company headquartered in Santiago, Chile, announced today that its investment portfolio in Peru's mining industry is to increase by more than 20% over the next 12 months as Peru's economy recovers from the detrimental effects of the global crisis. This press release comes only weeks after the company's board of directors agreed the investment of one billion dollars in Peru over the next five years, and the execution of an $800 million dollar project in the region, due to commence in early September 2012.

    With assets already established in Peru, Eco Exploration is well situated to reap the benefits of current local prosperity. Peru's economy saw 6.9% growth in 2011, due primarily to its position as the world's second largest producer of copper and silver, and also from its income as 4th largest global gold producer.

    "Peru's growth is, outstripping rates in most of the region and in developed economies world-wide. Even as the global economy slows, the International Monetary Fund expects Peru to grow 5.5% this year and 6% in 2013." (MARKETWATCH)

    Under the guidance of the company's latest addition to the board of directors, Dr Frank Hughes; Eco Exploration are expected to begin production at an $800 million dollar project site in the Eastern Cordillera region of Northern Peru over the coming weeks, and with this new capital agreement, are now exploring new sites of interest for acquisition. The main Cordillera mine in Peru, holds proven reserves of 7 million ounces of Gold, and is now finally generating a profit for the company.

    Any newly acquired assets in the region will undergo pre-feasibility studies in 2013, and therefore production at said sites is unlikely begin until early 2014. Eco Exploration C.E.O. Mr. Andrew Davis said "Of course as a company, we are are thrilled to finally see returns for our shareholders on the capital invested in Peru, and we are confident that this proposed move to further invest in the country will be supported by 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.

    Jun 26 11:16 AM | Link | Comment!
  • Eco Exploration In Final Stages Of Approving $800 Million Project In Northern Peru

    Eco Exploration Ltd a precious minerals exploration company based in Santiago, Chile, announced today that talks regarding a an early stage investment project situated in the Eastern Cordillera region of Peru are in the final stages.

    Aug. 2, 2012 - Eco Exploration Ltd a precious minerals exploration company based in Santiago, Chile, announced today that talks regarding a an early stage investment project situated in the Eastern Cordillera region of Peru are in the final stages.

    This aggressive expansion policy has been successful for Eco Exploration in recent years in Chile where the company is headquartered and in Argentina. Although Peru is new territory, Eco Exploration C.E.O Andrew Davis said "Peru is one of the world's foremost mining countries, we are all excited at the prospects this new asset holds for the company".

    Peru's economy depends on the mining of copper, gold, silver and other minerals for over 60% of its export income. The industry has been the key to Peru's rapid economic growth. This has meant mining conditions in Peru including transport, equipment, and public support have drastically improved in the last 10 years, which ultimately reduces the cash cost for Eco Exploration to an estimated $308 / oz.

    The Eastern Cordillera region of the north Peruvian Andes, where the company's latest asset lies, is mineral rich and well known for gold mining. Eco Exploration have spent many months assessing the viability of this early stage asset and preparing the site for operations; and are now looking to execute the company's long term plan and begin extraction in early September.

    The Eastern Cordillera project outlines an estimated initial production of 250,000t per annum of gold and silver reserves. Other established mining districts in the region include, Balsas, Bolivar, Pataz and Parcoy and the Huachon area, which lies close to the south.

    Eco Exploration is looking to approve a further $1bn investment to develop this initial site and other sites in Peru over the next 5 years.

    Jun 20 11:27 AM | Link | Comment!
  • Eco Exploration Announces Appointment Of Dr Frank Hughes To The Board Of Directors

    Jul. 24, 2012 - CEO Mr. Andrew Davis at Eco Exploration, a precious metals exploration and mining company based in Santiago, Chile, is proud to announce the appointment of Dr. Frank Hughes to the company's Board of Directors effective as of 24th July 2012.

    Eco Exploration's agenda is to explore, develop and extract precious metal resources in an ethically considered manor to generate high levels of return for its shareholders.

    Dr. Hughes read for his undergraduate degree at Harvard University, and graduated with a degree in Geology in 1978. He then proceeded to graduate with a doctorate in Mining Geology, from the Universidad de Chile, and has spent his extensive career of over 25 years in open pit and underground mining of precious/base metals worldwide.

    Hughes was a Registered Professional Engineer of British Columbia, and a Member of the Society of Mining Engineers of the US. During his career, he has worked with most of the larger organizations in the mining industry, and has developed an expert knowledge not only on the subject of mining geology, but also marketing, management and asset valuations / risk, thanks to his previous roles, and experience as an independent mining consultant. Dr. Hughes furthermore, is the author of several published articles in mining journals as well as newspapers in the US, and has previously served on the board of directors of 2 other mining companies.

    Dr. Hughes' capacity to identify early stage projects with high potential value, and assess risks, will allow Eco Exploration to continue its defined strategy of aggressive expansion. Hughes has been instrumental in the valuation and acquisition of dozens of small mining companies across the globe over the last 15 years, making him the ideal candidate to identify such potential assets for Eco Exploration, and to manage the acquisition process. Since joining Eco Exploration, Dr. Hughes' has identified mineral reserves at a several Peruvian sites that are currently undergoing preliminary feasibility studies. Dr. Hughes will now be preparing and implementing the next phase of exploration of these assets.

    Eco Exploration's Principal Geologist, Dr. Javier Sanz said "having seen such impressive results from our work in the El Indio belt area, we are confident that the addition of Dr. Hughes vast experience will facilitate our further successes in our new territories".

    Jun 10 10:31 AM | Link | Comment!
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