Inca One Begins Construction to Double Capacity at Chala One Production Plant
February 07 2014 - 8:30AM
Marketwired
Inca One Begins Construction to Double Capacity at Chala One
Production Plant
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 7, 2014) - INCA
ONE RESOURCES CORP. (TSX-VENTURE:IO) ("Inca One" or the "Company")
is pleased to announce the company has begun construction on a
significant performance and capacity upgrade to its Chala One gold
milling facility located in Chala, Peru. This upgrade will mark a
100% increase to the current 25TPD capacity and allows the company
to process up to 50 TPD. Under the formalization process Chala One
can be permitted to scale up to 350TPD.
Highlights of the upgrade include the following:
- Plant capacity upgrade comes three months after first
successful gold production announced on November 14, 2013.
- Construction and plans are currently being undertaken on new
ball mill and tailings pond impoundment.
- An onsite metallurgical laboratory has been built and placed
into operation, enabling various metallurgical tests and analyses
to be performed on site, including moisture content, particle size
analyses and reagent consumption. Samples of mill feed and product
streams are analyzed by an independent third party laboratory in
Chala for gold and other values.
Mr. Edward Kelly, President and CEO, stated: "We continue to
make significant progress on the development and construction of
Chala One. We anticipate this upgrade to be one of several upgrades
moving forward with the goal of increasing efficiency and capacity
to 100 TPD later this year. Also, with the construction of the
metallurgical laboratory facility, we will greatly increase Chala
One's ability to develop, test, scale-up and demonstrate extraction
and processing methods for mill feed."
About Inca One Resources Corp.
Inca One is a Canadian-based mineral resource company with a
newly acquired gold milling facility & exploration assets in
Peru, which was home to the Inca Empire. Peru is currently the
largest gold producer in South America, hosting mines which have
produced up to 26 million ounces of gold. A highly mineral-rich
country, Peru is one of the world's top producers of gold, silver,
copper and zinc.
On behalf of the Board,
INCA ONE RESOURCES CORP.
Edward Kelly, President& CEO
NEITHER TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
STATEMENTS IN THIS PRESS RELEASE REGARDING THE COMPANY WHICH ARE
NOT HISTORICAL FACTS ARE "FORWARD-LOOKING STATEMENTS" THAT INVOLVE
RISKS AND UNCERTAINTIES. SUCH INFORMATION CAN GENERALLY BE
IDENTIFIED BY THE USE OF FORWARDING-LOOKING WORDING SUCH AS "MAY",
"EXPECT", "ESTIMATE", "ANTICIPATE", "INTEND", "BELIEVE" AND
"CONTINUE" OR THE NEGATIVE THEREOF OR SIMILAR VARIATIONS. SINCE
FORWARD-LOOKING STATEMENTS ADDRESS FUTURE EVENTS AND CONDITIONS, BY
THEIR VERY NATURE, THEY INVOLVE INHERENTRISKS AND UNCERTAINTIES
SUCH AS THE RISK THAT THE CLOSING MAY NOT OCCUR FOR ANYREASON.
ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE
CURRENTLY ANTICIPATED IN SUCH STATEMENTS DUE TO FACTORS SUCH AS:
(I) THE INABILITY OF THE PARTIESTO CONSUMMATE THE DEFINITIVE LETTER
AGREEMENT; (II) FLUCTUATION OF MINERAL PRICES; (III) A CHANGE IN
MARKET CONDITIONS; (IV) THE INABILITY TO PRODUCE THE TECHNICAL
REPORT FOR ANY REASON WHATSOEVER; AND (V) THE REFUSAL OF THE
EXCHANGE TO ACCEPT THE PROPOSED TRANSACTION FOR ANY REASON
WHATSOEVER. EXCEPT AS REQUIRED BY LAW, THE COMPANYDOES NOT INTEND
TO UPDATE ANY CHANGES TO SUCH STATEMENTS.
THE TECHNICAL INFORMATION IN THIS NEWS RELEASE HAS BEEN REVIEWED
ON BEHALF OF THE COMPANY BY PHU VAN BUI, A QUALIFIED PERSON UNDER
NI 43-101.
INVESTORS SHOULD NOTE THAT NO RESOURCE HAS BEEN ESTABLISHED ON
THE CORIZONA PROPERTY IN RESPECT OF WHICH THE BULK SAMPLING PROGRAM
HAS BEEN INITIATED AND THE OBTAINING OF COMMERCIAL MINING PERMITS
WITH RESPECT TO THE CORIZONA PROPERTY DOES NOT MEAN THAT THE
PROPERTY CAN BE MINED COMMERCIALLY OR AT ALL.
KIN Communications1-866-684-6730 or
1-604-684-6730io@kincommunications.comwww.kincommunications.com
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