TORONTO, ONTARIO, Sep 23, 2009 (MARKETWIRE via COMTEX News Network) --
Ecometals Limited (TSX VENTURE: EC)(BERLIN: GDQ)(FRANKFURT: GDQ) -
EcometalsLimited is pleased to announce receipt of the final approval resolutionfor its Environmental Management Plan and also the renewal of itsEnvironmental Bond. This approval is the last major step ahead ofconsent to commence our drilling at Rio Zarza. There will now follow,in conjunction with the Ministry of Mines and the local communitieswithin our area of influence, a Community Relations diffusion processto present and explain the project. We understand one of the majormining companies in the area completed this process earlier this monthand is now waiting final permit approval from the Ministry of Mines.Since we are both dealing with the same communities, we are hopeful ofa successful outcome. A contract has now been negotiated with drillcontractors and site preparations and logistics have been finalised.
Rio Zarza Gold Project
TheRio Zarza Gold Project is located north of Zamora, the district capitalof Zamora Chinchipe province, southeastern Ecuador. The project adjoinsthe Kinross (formerly Aurelian) exploration license which covers theFruta del Norte epithermal deposit.
Further details and maps ofthe planned drilling program can be obtained from the Ecometals Website (www.ecometalslimited.com).
Chief Executive Officer FranScola said, "This represents a solid step in the final preparations tocommence drilling at Rio Zarza."
About Ecometals
EcometalsLimited is a Canadian-listed mineral exploration and developmentcompany focused on mineral resources in Latin America. Apart from itsgold exploration activities in Ecuador, Ecometals also has significantmanganese and iron projects in Brazil at grass roots and developmentplanning stages.
Safe Harbor Statement: Statements contained inthis release that are not historical facts are forward lookingstatements which involve risk and uncertainties, which could causeactual results to differ materially from those expressed in forwardlooking statements. Accordingly, readers should not place unduereliance on forward looking information. This includes references tothe anticipated start of drilling after a successful outcome from thecommunity relations process and the issuance of a final approval fromthe Ministry of Mines. In the event the community process isunsuccessful the risk is that drilling might not be permitted. Thecompany does not undertake any obligation to update publicly forwardlooking information, except as required by law.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Contacts: Ecometals Limited - Investors Fran Scola Chief ExecutiveOfficer scola@lfmpartners.com Ecometals Limited - Investors DanielMajor Chief Operating Officer daniel.jmajor@btopenworld.com EcometalsLimited - Information Enquiries info@ecometalslimited.comwww.ecometalslimited.com
SOURCE: Ecometals Limited
mailto:scola@lfmpartners.commailto:daniel.jmajor@btopenworld.com mailto:info@ecometalslimited.comhttps://www.ecometalslimited.com
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I definitely can't see any reason to sell. All said in this news release. Only a signature needed. Stupid sh-guys,