All Grade Mining Receives Geological Survey and Reserve Estimation Report for its Plateada Property
April 25 2014 - 8:00AM
Access Wire
Company Receives Final Results
of its Most Recent Assessment and Expansion Study
HACKENSACK, N.J. / ACCESSWIRE / April 25, 2014 / All Grade
Mining (OTCQB: HYII), a development-stage company focused on the
extraction of copper, today announced that the Company has
received the final report of a geological survey
and reserve estimate for its Plateada Copper Project in
Chile.
The full 48 page report can be found in this morning’s
8K filing from the Company and was completed by Ambiental
Chile SA, an engineering firm hired by All Grade Mining’s
primary consultant, Foreign Commerce Consultative Services,
Inc.
The report confirms that the Company’s Plateada property
contains higher than expected traces of gold and silver as
well as commercial grade copper oxide. Earlier this month, All
Grade Mining announced that recent sample results confirmed by
this report have led the Company to project that its Plateada
Copper Sulfide Project will produce 45,000 tons of total
mineral concentrate during its first year of operation, which
would generate $3.87 million in revenue.
"We are pleased to receive the final geological survey and
resource estimates for All Grade Mining’s Plateada property.
These confirm recent positive samples results that have led to
an increase in our production and revenue projections and will
provide Foreign Commerce led by Tony Alvarez and the rest of our
consulting team with the tools to successfully take the
next step toward production on this copper
project,” stated Gary Kouletas, All Grade Mining’s CEO.
“All Grade Mining is now primarily focused on meeting our SEC
reporting requirements and positioning the Company for future
growth,” added Mr. 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