Eco Exploration a Chile based precious metals mining and Exploration Company is pleased to announce that during the construction of an access road, several new veins that were yet to be known have been revealed.
Nov. 1, 2012 - Eco Exploration Ltd is pleased to announce that during the construction of an access road, several new veins that were yet to be known have been revealed. The geology report reports on 10 veins that have been sampled and now the infrastructure to access the veins with mining equipment is acquirable.
The bulk of the production work to date has been carried out from ore extracted along one vein, which consists of development of a tunnel that enters the landscape at 90 degrees. The next step is to construct galleries above the existing tunnel. Then it is expected that the joint venture partner shall dig a shaft about 40 meters underground with more galleries built vertically along the vein. Mining engineers acquainted with the area evaluate that the grade of gold per ton at these levels could increase 25-50% than what is presently being extracted.
Eco Exploration Ltd believes that if the gold grade per ton increases as a result of the exploration and development advances described above, income from the Company’s investment has the potential to very quickly amount to a much higher level than what was initially predicted.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
Eco Exploration Limited is an exploration, mining company focused on gold and other precious metals such as copper and silver. Headquartered in Santiago, Chile, Eco Exploration Limited is perfectly situated to explore and mine reserves located between Chile and Argentina.
Eco Exploration's goal is to become a world leader in the exploration and mining of precious metals. All of its projects are located in the highest yielding gold mining districts of South America.
Continued success in exploration and discovery of new reserves is a key component to the overall success of Eco Exploration. The companies past successes have been facilitated by an aggressive strategy of investment in exploration and in acquisitions of early stage properties.
Eco Exploration sees potential to make discoveries and expand its resources at its existing sites, and has accumulated a considerable portfolio of exploration territories in areas we believe to be some of the most prospective South American regions.
The majority of our targeted areas lie within the vicinity of pre-existing mines with proven metals resources, thus creating projects with a high degree of success, and relatively low levels of initial investment required prior to seeing results.
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.
Restored Road Offers Greater Access