All Grade Mining Provides Update on its Plateada Copper Sulfide Project
December 05 2013 - 8:00AM
Access Wire
HASBROUCK HEIGHTS, N.J. / December 5,
2013 / ACCESSWIRE / All Grade Mining (OTCBB:
HYII), a development-stage company focused on the
extraction of iron ore, today provided an update for its
recently acquired Plateada Copper Sulfide Project, a 90
hectare property located approximately 55 kms southeast of
Ovalle, Chile in the commune of Combarbala.
The Company has been issued all of the necessary permits to
sell copper by the Chilean National Mining Corporation,
ENAMI. Additionally, management has held discussions with
ENAMI regarding the issuance of a grant to All Grade Mining
for the expansion of smaller workings on its Plateada mine.
All Grade Mining expects to finalize negotiations with
contractors this month at which time they will begin loading
and selling copper from the Plateada property. The Company
will also be evaluating three concentration plants located close to
its property in an effort to produce higher grade
concentrate than what had been previously produced.
“We are very excited to announce our plans to expand the scope
of our Plateada Project. We are confident that through a
possible grant by ENAMI and our efforts to produce higher
concentration copper sulfide, we will be able to double the
previous monthly revenue of $100,000 generated from the
property. We expect to begin generating cash flow from Plateada
within the next month and be profitable within six
months,” commented All Grade Mining’s CEO, Gary Kouletas.
About All Grade Mining, Inc.
All Grade Mining is a development-stage company whose
mission is to acquire mining concessions in all phases, all
sizes and all minerals. The Company is currently focused on
the extraction of copper in South America, primarily in Chile and
has established an experienced team of executives and mining
professionals to lead its exploration and excavation efforts.
For more information please visit: www.AllGradeMining.com.
Safe Harbor Statement
This release includes forward-looking statements, which
are based on certain assumptions and reflects management's
current expectations. These forward-looking statements are
subject to a number of risks and uncertainties that could
cause actual results or events to differ materially from
current expectations.Some of these factors include: general
global economic conditions; general industry and market
conditions, sector changes and growth rates; uncertainty as to
whether our strategies and business plans will yield the
expected benefits; increasing competition; availability and cost
of capital; the ability to identify and develop and achieve
commercial success; the level of expenditures necessary to
maintain and improve the quality of services; changes in the
economy; changes in laws and regulations, including codes and
standards, intellectual property rights, and tax matters; or
other matters not anticipated; our ability to secure and
maintain strategic relationships and distribution agreements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Contact:
888-959-7095
ir@allgrademining.com
Source: All Grade Mining Inc.