Eco Oro Hunting Gold Assets in Colombia and Overseas, CEO Says

Canadian gold explorer Eco Oro Minerals Corp. (EOM) is looking to buy assets in Colombia and elsewhere.

“There are certain interesting properties that we’ve had our eye on,” Chief Executive Officer Joao Carrelo said in a phone interview today. “We’re looking at companies that are cash-strapped, that because of the gold price are having difficulties in operating.”

Eco Oro is also looking to push ahead with its Angostura project and expects a definition on paramo boundaries from the Colombian government “sooner rather than later.”

The high-altitude ecosystem is not present in its Angostura mining area, where the company hopes to start gold production as soon as 2016, said Carrelo.

To contact the reporter on this story: Andrew Willis in Bogota at awillis21@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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