February 10, 1997 News Release

NEWS RELEASE ECUADORIAN MINERALS CORPORATION
February 10, 1997	Trading: TSE.EMC
ECUADORIAN WITHDRAWS FROM OPTION AT CHAUCHA, ECUADOR FURTHER DRILLING AT GABY PLANNED IN FEBRUARY
On February 7, 1997, Ecuadorian Minerals Corporation ("EMC") notified Ag Armeno Mines and Minerals Inc. and Ecuadorean Copperfields Inc. that EMC had elected to withdraw from the option agreement on the Chaucha property, located in southern Ecuador. Based on the results of an extensive gold/copper exploration program over the past year and a half, combined with the Company’s primary focus on the Gaby gold project in Ecuador and expanding exploration programs both in Ecuador and Peru, EMC has determined that the Chaucha property does not warrant further exploration expenditures at this time by the Company. On the Company’s Gaby gold porphyry, where a prefeasibility study is scheduled to be completed in March 1997, a drill program comprising 4-6 core holes totaling 1000-1400 meters is planned to commence this month. This program will achieve two objectives: firstly, to further test the high-grade Tama shear zone, located 400 meters east of the main Gaby deposit, where 3 core holes reported gold values up to 24.0 g/t over 2 meter intercepts along a 600 meter strike length (with mineralization still open at depth and to the north and south along strike); secondly, the drill program will evaluate a potential western extension of the main Gaby deposit where access was previously not possible and where the nearest core hole reported 174 meters at 0.74 g/t gold within altered intrusives.
ON BEHALF OF THE BOARD Stephen J. Kay, President and CEO The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. For additional information, contact Linda North at Tel: (602) 483-9932 or Fax: (602) 483-9926. Go Back to News Releases Return to Homepage
Ecuadorian Minerals Corporation is not a reporting issuer in the United States and the information provided herein is not a solicitation to sell shares. The Company, however, has maintained a Standard and Poor's Corporate Listing since July 1996.