ECOORO CorporatePresentation October2015-(10-06 … ·...

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ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015

Transcript of ECOORO CorporatePresentation October2015-(10-06 … ·...

ECO ORO  MINERALS  CORP. TSX:EOM  

CORPORATE PRESENTATIONOCTOBER 2015

2ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

CAUTION REGARDING FORWARD-­LOOKING STATEMENTS

Certain statements in this presentation are "forward-­looking" within the meaning of Canadian securities legislation. They include statements about potenti al impact of the Santur bán Páramoand Santurbán Regi onal Park, es timated miner al resources, proposed strategies and processes . Forward-­looking statements are necessarily based upon the current belief, opinions andexpectations of management that, while considered reasonable by the Company, are inherently subject to significant busi ness, economic, competitive, political and soci al uncertai nties and

other conti ngencies . Shoul d management's assumption that that resources below the Santurbán Páramo and Santurbán Regional Park are accessibl e for development and extr action proveincorrect, potential development of the mineral resources would be materially affected. Many factors coul d cause the Company's actual results to dif fer materially from those expressed or

implied in the forward-­looking s tatements. These factors include, among others, areas excluded from mining activities, environmental and other r egulatory requirements, conclusions orrealization of mineral resources , the actual results of exploration ac tivities, possi ble variations in ore grade or recovery rates, fluctuati ons in the price of gold and silver, risks relating to

additional funding requirements, political and forei gn risks, produc tion risks, environmental liability, government regul ation as well as other risk factors set out under the heading "Risk Fac tors"in the Annual Information Form datedMarch 26, 2015, which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-­looking statements dueto the inherent uncertainty therein.

CAUTIONARY NOTE TO U.S. READERS CONCERNING ESTIMATES OF MEASURED AND INDICATED RESOURCES

Information concerning the properties and operati ons of Eco Oro has been pr epared i n accordance with Canadian standar ds under applicable Canadian securities laws, and may not becomparable to similar information for United States companies. The terms “mineral resource”, “measured mineral resource” and “indicated mineral resource” used i n this presentation ar e

Canadian mining terms as defined in accordance with NI 43-­101 under guidelines set out in the Canadi an Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on MineralResources and Miner al Reserves adopted by the CIM Council on December 11, 2005. While the terms “mineral resource”, “measured mineral resource” and “indicated mineral r esource” ar e

recognized and required by Canadian regulati ons, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards ,mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and l egally produced or extrac ted at the time thereserve calculati on is made. As such, certain information contai ned in this presentation concerni ng descriptions of mineralizati on and resources under Canadi an s tandards is not comparable to

similar information made public by United States compani es subject to the reporti ng and disclosure requirements of the Unites States Securities and Exchange Commission. Readers ar ecautioned not to assume that all or any part of measured or indicated resources will ever be converted into mineral reserves.

STATEMENT REGARDING TECHNICAL INFORMATION

Themineral resources in this presentati on were estimated usi ng the Canadian Institute of Mini ng, Metallurgy and Petr oleum (CIM) Standards on Mineral Resources and Reserves, DefinitionsandGuidelines prepared by the CIM Standing Committee on Reserve Defi nitions . Mineral resources which ar e not mineral reserves do not have demons trated economic viability. The estimate

of miner al resources may bematerially affected by environmental, permitting, legal, title, taxati on, sociopolitical, marketing, or other relevant issues . The quantity and grade of r eported Inferredresources in this es timation are uncertai n in nature and there has been insufficient explorati on to define these Inferred resources as an Indicated or Measured mineral resource and it isuncertain if further expl oration will result in upgrading them to an Indicated or Measured mineral r esource category. Callum Grant, P. Eng., a consultant to Eco Oro and a qualified person as

that term is defined in National Instrument 43-­101, has reviewed and approved the technical information contained in this presentation.

IMPORTANT NOTICE

3ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

CAPITAL STRUCTURE

Fully  Diluted

Shares  Outstanding

Warrants  Outstanding

Stock  Options  Outstanding

102,332,306

95,513,473

63,500

6,755,333

Top  Institutional  Shareholders

§ Amber  Capital§ Paulson  &  Co.§ International  Finance  Corporation,  a  member  of  the  World  Bank  Group

Note:  As  at  October  6,  2015

4ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

EOM MANAGEMENT & TECHNICAL ADVISORS

Anna  Stylianides  -­ CEO§ Over  20  years  in  global  capital  markets§ Previous  Corporate  Law  -­ Webber  Wentzel  Attorneys,  South  Africa  +  Extensive  Investment  Banking  Experience  

Investec  Bank  Limited§ Previous  Director  &  CEO  of  Surgical  Spaces  Inc.  (sold  in  2011)§ Director  of  Callinan Royalties  (sold  in  2015)§ Director  of  Altius Minerals,  Entrée  Gold  &  Fraser  Institute

Management

Paul  Robertson  – Chief  Financial  Officer§ Chartered  Accountant  with  extensive  experience  in  the  mining  sector§ Over  16  years  of  accounting,  auditing,   and  tax  experience  including  working  with  Ernst  &  Young  from

1999  to  2005§ Managing  partner  of  Quantum  Advisory  Partners  LLP,  a  firm  dedicated  to  assisting  publicly   listed  companies  with  their  financial  

reporting,  taxation  and  regulatory  requirements

James  Atherton  – Corporate  Secretary§ Member  of  the  Law  Society  of  British  Columbia§ Over  12  years  experience  in  corporate/commercial  law  with  an  emphasis  on  securities  law,  most  recently  with  Bull,  

Housser  &  Tupper  LLP

Mark  Moseley-­Williams  – President  &  COO§ BSc.  In  Mining   Engineering   from  Colorado  School  or  Mines  and  an  MBA,  Cranfield School  of  Management,  UK§ Over  20  years  experience  in  mine  construction,  expansion  projects  and  operations  in  North,  Central  and

South  America§ Previous  President  &  COO  (2011-­2015),  and  Sr.  VP  Operations  (2010-­2011)  at  Continental  Gold§ Previous  VP  of  Project  Development  at  Fortuna  Silver  Mines  (2007-­2009)  § Previous  Operations  Manager  at  Agnico-­Eagle   Pinos Altos  Mine  in  Chihuahua,  Mexico

5ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

EOM MANAGEMENT & TECHNICAL ADVISORS

Technical  Advisors

Stuart  Smith  – Metallurgical  Engineer§ 30  years  experience  working  predominantly   in  the  primary  gold  processing  sector§ Involved  in  the  development,  design,  optimization,   review  or  operation  of  over  different  50  gold  projects  in  some  25  

countries§ Previous  Minproc  Engineers  (now  AMEC)  and  Ausenco§ Currently  Tech.  Director  for  Rosia  Montana  Gold  Corporation,  Tech.  Manager  for  Minera  IRL,  Tech.  Director  for  Metifex,  

Advisory  Metallurgist   Sandspring  Resources  & West  African  Resources

Callum  Grant  P.Eng.  – Geologist  &  Mining  Engineer§ Broad  technical  background  from  exploration  to  production,  with  significant  experience  in  resource  development  and  mine  

operations  in  Latin  America§ Previous  Senior  positions  with  international   operating  and  engineering   companies  in  North  and  South  America§ Currently  an  independent   consulting  engineer  focused  on  gold  projects  in  Argentina,  Brazil  and  Colombia

6ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

EOM BOARD OF DIRECTORS

Anna  Stylianides   -­ Co-­Chairman   &  CEO§ Over  20  years  in  global   capital   markets§ Previous   Corporate   Law   -­ Webber  Wentzel   Attorneys,  

South   Africa   +  Extensive   Investment   Banking   Experience  Investec  Bank   Limited

§ Previous   Director  &  CEO  of  Surgical   Spaces  Inc.(sold  in  2011)

§ Member   of  the   Board   for  Altius   Minerals   &  Fraser  Institute

Board  of  Directors

Juan  Esteban  Orduz  -­ Co-­Chairman§ Extensive   experience   with   sustainable   mining   issues  and  

corporate   reorganization§ 1997   because  Legal   Vice-­President   of  the   Cemex  Group  

in  Colombia§ Currently   CEO  of  Colombian   Coffee   Federation,   Inc.§ Member   of  the   Board   of  Cementos   Diamante   SA   and  

Cementos   Samper   SA

Eduardo  Jaramillo  – Director§ Previous   Andean   Region   Director   of  SCR  Sibelco

Held  multiple   positions   within   Dow  Chemical   (2001-­2009)§ Member   of  the   Board   of  several   for  profit   and   non-­profit  

organizations   in  Colombia

Hubert  R.  Marleau  – Director§ Co-­Founder   Palos  Management§ Previous   Nesbitt   Thomson   Inc.,  Levesque  

Beaubien   Inc.  and  Marleau,   Lemire   Inc.

Jean-­Sebastien   Blanchette  – Director§ 9  years  Research  Analyst   at  Amber   Capital§ Previous   Senior   Analyst   at  Libra   Advisors,  Risk  

Arbitrage   Group  at  Natexis   Banques   Populaires

John  Hayes  – Director§ 17  Years  of  geological   experience§ Extensive   experience   in   capital   markets  § Managing   Director  &  Mining   Analyst   at  BMO  

Capital   Markets  (until   April   2014)§ Founder   TerraStrat   Consulting   providing   strategic  

mining   advisory  services

7ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ECO ORO MINERALS CORP. (EOM)Company Overview

Overview

§ Currently focused on wholly-­owned AngosturaUnderground Gold Silver Project in the Department ofSantander in north-­eastern Colombia.

§ Angostura Project consists of the main Angostura depositand five satellite prospects: Móngora, Agua Limpia, LaPlata, Armenia and Violetal.

§ EOM has concession contracts, exploration licensesand exploitation licenses covering approximately 30,000ha in the Departments of Santander and Norte de Santander,Colombia.

§ By means of Resolution 592 of the ANM (National MiningAgency), the Angostura Project was declared a project ofnational interest. This means that all authorities involved inmoving the project forward will be aligned and under themandate of the country’s Vice President. EOM was one offour gold mining companies holding mining titles declared tobe of national interest.

8ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ECO ORO MINERALS CORP. (EOM)Company Overview

Current  Highlights

§ December  2014  -­ the  Ministry  of  Environment  and  Sustainable  Development  officially  issued  the  boundaries  of  the  Santurbán Páramo.  The  Resolution  provides  that  within  the  Santurbán  Páramo there  are  certain  areas  where  mining  can  take  place  ("Mining  Permitted  Restoration  Areas"),  subject  to  stricter  environmental  controls.

§ June  8,  2015  -­ Updated  mineral  resource  estimate  prepared  by  Micon International  Limited

§ 2015  -­ EOM  assessing  how  the  Angostura  Project  will  be  developed,  including  assessment  of  various  techno-­economic  parameters  such  as  cut-­off  grade,  production  rates,  mining  and  metallurgical  approaches,  access  to  adjacent  and  at  depth  resources  and  the  overall  infrastructure  layout.

2015  Mineral  Resource  Estimate  for  Angostura  Depositabove  a  2.5  g/t gold  cut  off

Resource  Category Tonnage(Mt)

Au(g/t)

Ag(g/t)

Contained

Au (Moz)

Contained

Ag (Moz)

Measured 3.56 4.55 28.7 0.52 3.28

Indicated 11.50 4.57 16.5 1.69 6.08

M&I 15.06 4.57 19.3 2.21 9.36

Inferred 6.85 4.70 19.0 1.03 4.19*The  updated   mineral  estimate   was  prepared   by  Thomas  C.  Stubens,   P.  Eng.,   a  senior  geologist   with  Micon International   Limited.   The  effective   date   of  this  updated   mineral  resource  estimate   is  June   1,  2015.   See   news  release  dated   June   8,  2015,   and   Technical   Report  dated   July  17,  2015   entitled  “Technical  Report   on  the  Updated   Mineral  Resource  Estimate   for  the   Angostura   Gold-­Silver  Deposit,   Santander   Department,   Columbia”.

9ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

LICENSES

10ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

NEARBY EXPLORATION TARGETS

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VEREDA

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CENTRO

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Animas

Los

Laches

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6979

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Meters

®

Legend

Angostura Deposit Polygon

Mineralized Structural Trends

Au Soil Anomalies

Anomalies (ppb)

0,1-3,9

4-10

11-49

50-99

100-149

150-249

>250

Eco Oro Mineral Tenures

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6979

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101-68

AUX and other zones

AUX and other owners

Roads and Pathways

Type

XY XY XY XY XY XY XY XY XY Road

Pathway

Violetal Sur

TigueriVioletal Norte

La CatalinaMóngora

Agua Limpia

La Plata

Angostura In-Fill (underground)

Angostura at Depth

§ High  value  targets  available  for  additional  development

§ Large  exploration  holdings§ Regional  soil  anomalies  remain  

largely  untested§ High-­grade  underground  project  

potential

11ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

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ritos

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Quebrada

Aserradero

Quebrada La Perezosa

Quebra

da L

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era

Qu

eb

rada S

an

And

res

Quebra

da

Rom

era

l

Quebrada El Mortiño

Quebrada El Pozo

Quebrada La Perdiz

Qu

eb

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ras

Páramo

Romedal

Tunel

Principal

Armenia

Tunel Veta

de Barro

Tunel La

Perezosa

Campamento

Contratistas

Entrada

Proyecto

Angosturas

Entrada

Campamento

El Pozo

VEREDA

MONGORA

Los

Laches

Aserradero

3452

127-68

6979

101-68

343

1129500

1129500

1130000

1130000

1130500

1130500

1131000

1131000

1131500

1131500

1132000

1132000

1132500

1132500

1133000

1133000

1133500

1133500

1134000

1134000

130

70

00

130

70

00

130

75

00

130

75

00

130

80

00

130

80

00

130

85

00

130

85

00

130

90

00

130

90

00

130

95

00

130

95

00

131

00

00

131

00

00

500 0 500 1.000250

Meters

®

Legend

Æ Mining works

Angostura Deposit Polygon

Mineralized Structural Trends

Eco Oro Mineral Tenures

6979

3452

127-68

101-68

AUX and other zones

AUX and other owners

Roads and Pathways

Type

XY XY XY XY XY XY XY XY XY

Road

Pathway

Angostura In-Fill

(underground)

Angostura at Depth

La Armenia

Cristo Rey

Los Laches

La Bodega

La Mascota

ANGOSTURA LICENSE

12ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ANGOSTURA PROJECT DEPOSIT

§ The Angostura gold and silver deposit may be characterized as a structurally controlled high-­sulphidation epithermal gold deposit.

§ Mineralization is controlled by a series of structures with generally NE-­SW, EW to E-­NE-­W-­SWand NW-­SE trends and commonly steep dips. The intensity of fracturing controls the density ofmineralization, with the known presence of high grade ore shoots.

§ Gold-­silver mineralization occurs principally with pyrite in bands, veinlets, stringers,hydrothermal breccias or stockworks composed predominantly of quartz, pyrite and aluniteentirely replacing the primary host rock.

§ Mineralized structures vary in width from less than 2 m for individual veins to over 40 m forcomposite structures (mineralized corridors), and strike lengths range from less than 50 m toover 1 km.

§ More than 190 individual mineralized structures (veins and corridors) have been identified todate by means of surface mapping, mapping of underground workings, and interpretation ofdrillhole data.

Geology

13ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ANGOSTURA PROJECT DEPOSIT

Mineralized  corridors  cut  different  lithological  domains:  gneisses,  and  igneous  rocks  of  monzoniticand  tonalitic  compositions,  with  fault-­fill  veins  and  stockworks  preferentially  hosted  by  the  intensely  altered  gneiss.

Geology

14ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ANGOSTURA PROJECT DEPOSITFinal Report iC consulenten ZT GmbH Structural Geology and Tectonics of the Angostura Project Area 23.05.2005

stage 2 veinlet

stage 3 vein-breccia

stage 3 veinlet

stage 1 fault

a) b)

c) d)

stage 3 vein

stage 5 veinlets

stage 3 vein

stage 4 vein/fault

Figure 9: Photographs of outcrops showing cross cutting relationships of individual structures; a) stage 1-pre-mineral fault cross cut by stage 3-veinlet (point 46; Tunnel Peresoza II); b) stage 2-veinlet cross cut and displaced by stage 3-vein/breccia (point 21; stope at Tunnel El Naranjo; width of major vein approx. 1.5 m); c) low angle vein of stage 4 cross cutting, but not displacing stage 3-vein (point 22; at geothermal hot spring); d) breccia-vein of stage 3 crosscut, but not displaced by stage 5 veinlets (point 75; Tunnel Cincho II).

7.4.2 Veins and faults at Cristo Rey and Veta de Barro

The area of Cristo Rey is located to the south of a (N)E trending fault, which marks the northern limit of the known mineralization. Characterization of structures:

x� Mineralized structures predominantly trend WNW and dip steeply to the NNE; E-W and ENE-WSW strikes are less common (Fig.10).

x� Striation on vein planes is subhorizontal indicating right-lateral movements. x� The angle between the main bounding fault to the north and the

mineralized structure is about 45°.

Revision: 0 Page 17

Gold  is  found  in  a  variety  of  structurally-­hosted  high  grade  ore  shoots  located  in  the  intersection  between  quartz  veins  and  faults,  and  stockworkdomains  preferentially  hosted  by  the  intensely  altered  gneiss.

Geology

Final Report iC consulenten ZT GmbH Structural Geology and Tectonics of the Angostura Project Area 23.05.2005

stage 2 veinlet

stage 3 vein-breccia

stage 3 veinlet

stage 1 fault

a) b)

c) d)

stage 3 vein

stage 5 veinlets

stage 3 vein

stage 4 vein/fault

Figure 9: Photographs of outcrops showing cross cutting relationships of individual structures; a) stage 1-pre-mineral fault cross cut by stage 3-veinlet (point 46; Tunnel Peresoza II); b) stage 2-veinlet cross cut and displaced by stage 3-vein/breccia (point 21; stope at Tunnel El Naranjo; width of major vein approx. 1.5 m); c) low angle vein of stage 4 cross cutting, but not displacing stage 3-vein (point 22; at geothermal hot spring); d) breccia-vein of stage 3 crosscut, but not displaced by stage 5 veinlets (point 75; Tunnel Cincho II).

7.4.2 Veins and faults at Cristo Rey and Veta de Barro

The area of Cristo Rey is located to the south of a (N)E trending fault, which marks the northern limit of the known mineralization. Characterization of structures:

x� Mineralized structures predominantly trend WNW and dip steeply to the NNE; E-W and ENE-WSW strikes are less common (Fig.10).

x� Striation on vein planes is subhorizontal indicating right-lateral movements. x� The angle between the main bounding fault to the north and the

mineralized structure is about 45°.

Revision: 0 Page 17

Vein  – fault  intersection

Vein  – vein  intersection

Vein  – fault  intersection

Stockwork

15ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ANGOSTURA PROJECT DEPOSIT

8,4  meters (From 379,9  To 388,3)  of  mineralized gneiss@  11,59  gr/ton  Au    and  47,08  gr/ton  Ag

Geology

16ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

ANGOSTURA PROJECT DEPOSIT

Geology

Gold  is  related   to  a  High  Sulfidation  Epithermal  Deposit,  and  is  associated  with  Silver  and  locally  Copper.  

Los  Laches  represents   the  shallower  zone  of  the  hydrothermal  mineralized  system.

Porphyry  mineralization  at  Angostura  isn’t  outcropping.

The  mineralized  system  is  open  at  depth.

*Ages  obtained  by  Ar39/Ar40dating  method    

17ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

UPDATED MINERAL RESOURCE ESTIMATE

2015  Mineral  Resource  Estimate  for  Angostura  Depositabove  a  2.5  g/t gold  cut  off

Resource  Category Tonnage(Mt)

Au(g/t)

Ag(g/t)

ContainedAu (Moz)

ContainedAg (Moz)

Measured 3.56 4.55 28.7 0.52 3.28

Indicated 11.50 4.57 16.5 1.69 6.08

M&I 15.06 4.57 19.3 2.21 9.36

Inferred 6.85 4.70 19.0 1.03 4.19

*The  updated  mineral  estimate  was  prepared  by  Thomas  C.  Stubens,  P.  Eng.,  a  senior  geologist  with  Micon International  Limited.  The  effective  date  of  this  updated  mineral  resource  estimate  is  June  1,  2015.  See  news  release  dated  June  8,  2015,  and  Technical  Report  dated  July  17,  2015  entitled  “Technical  Report  on  the  Updated  Mineral  Resource  Estimate  for  the  Angostura  Gold-­Silver  Deposit,  Santander  Department,  Columbia”.

18ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

N

ResourcesDistribution    @  M&I  Upper  5  g/t  Au

Perezosa    Tunnel2850  masl

200  m

3D View of M&I Au Grade Distr ibution inMICON Model

19ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

WE Long Section across Shoot 114D is tr ibution o f Au Grade in MICON Mode l

W E

113,260  TonnesAvg  5.13  g/t  Au  @  18,680   Oz  Au  Blocks  5x5x5Shoot  114

50  m

2850  masl

20ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

CategoryMicon  2015

WE Long Section across Shoot 114Block Ca tegories in MICON Mode l

21ECO  ORO  MINERALS  CORP.        TSX:EOM   CORPORATE  PRESENTATION  OCTOBER  2015

NESWAu  Grade  g/tMicon  2015

SW-NE Long Section along Central Mineralized TrendD is tr ibution o f Au Grade in MICON Mode l

ECO ORO  MINERALS  CORP.  TSX:EOM  

CONTACT  INFORMATIONCorporate   Head  Office

Suite  300-­1055  W.  Hastings  St.Vancouver,  BC

Canada  V6E  2E9Tel:  (604)  682  8212Fax:  (604)  682  3708

Anna  StylianidesCo-­Chairman   &  CEO

Email:  anna@eco-­oro.comwww.eco-oro.com