Inca One Processes 172.36 Ounces of Gold and 78.58 Ounces Silver from Latest Carbon Harvest at Chala Plant
March 03 2014 - 8:30AM
Marketwired
Inca One Processes 172.36 Ounces of Gold and 78.58 Ounces Silver
from Latest Carbon Harvest at Chala Plant
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) - INCA
ONE RESOURCES CORP. (TSX-VENTURE:IO) ("Inca One" or the "Company")
is pleased to announce the recovery of 172.36 ounces of gold and
78.58 ounces of silver from the latest harvest of activated carbon
at the Company's Chala gold milling facility located in Chala,
Peru, during the period between December 6, 2013 and February 7,
2014.
The harvest was obtained from the Chala plant as it continued
the test milling phase and processed 365 tonnes of mill feed
grading an average of 18.17 grams per tonne gold. The harvest
represents a partial harvest of the recoverable gold, as some of
the gold remains in solution in the milling circuits, with a total
production from this harvest of 5,361.094 grams of gold (172.36
ounces of gold) and 2444.107 grams silver (78.58 ounces of silver)
was achieved.
The Company continues to source high grade gold mill feed from
legally recognized artisanal and small scale miners. Meanwhile, the
Company is working to increase the milling capacity to 50 TPD (see
news release dated February 7, 2014).
Edward Kelly, President& CEO of Inca One states, "We are
focused on sourcing more mill feed to maximize our daily throughput
and increase production. During this test milling phase, we are
realizing positive margins on our gold milling facility, and are
committed to growing our business in calendar 2014."
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company and ore
processing company with a gold milling facility in Peru, servicing
government-permitted small-scale miners. A highly mineral-rich
country, Peru is one of the world's top producers of gold, silver,
copper and zinc, with substantial production coming from small
scale miners who need government permitted milling facilities to
process their ore (such as the Company's Chala plant).
On behalf of the Board,
INCA ONE RESOURCES CORP.
Edward Kelly President& CEO
NEITHER THE 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 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 inherent risks and uncertainties. Actual
results in each case could differ materially from those currently
anticipated in such statements due to factors such as: (i)
fluctuation of mineral prices; (ii) a change in market conditions;
and (iii) the fact that the Company has limited operating
experience with its Chala plant and future operational results may
not be accurately predicted based on this limited information to
date. Except as required by law, the Company does not intend to
update any changes to such statements.
This news release deals only with the Company's Chala plant,
which is an industrial project. This presentation does not deal at
all with the Company's sole mineral exploration property, the
Corizona property. Investors should note that no resource has been
established on the Corizona property and all of the material
currently being processed at the Chala plant is received from local
small scale mining operations.
KIN Communications1-866-684-6730 or
1-604-684-6730io@kincommunications.comwww.kincommunications.com
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