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.
Santiago (I-Newswire) June 20, 2013 - 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.
About Eco Exploration Limited
Eco Exploration Limited
Apoquindo 3600, 9th floor Las Condes Santiago, Chile
Phone : +56 22 799 2409
Published On:June 20, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Online Travel Company Becoming Very Popular Among Travellers
"BladesDirect.net Reviews" / BladesDirect.net Reviews Announces 2013 Customer Satisfaction Award.
Andrew Fraser Returns to Guest Speak at SoftSols Agility Roadshow
Dynamerican Promotes Advanced Research Initiatives in High-end Plumbing Tools
XC Spa Fortifies Industry Leadership with New Outdoor Spa and Swim Spa Products