Inception Mining Inc. Announces Its Acquisition of Lease Grounds Necessary for Access Roads Into Its UP and Burlington Proper...
May 20 2014 - 9:02AM
INCEPTION MINING INC. (OTCQB:IMII) ("Inception" or the "Company")
is pleased to announce its acquisition of certain lease grounds
covering all properties necessary for access roads into the
Company's U.P. and Burlington patented mining claims, located near
Salmon, Idaho.
The seven lease grounds purchased by the Company provide access
necessary for the 3,000 foot roadway into the Company's U.P. and
Burlington properties, as well as the mineral rights to potential
mining targets. Exploration of the area indicates possible vein
structures similar to those existing on the Company's U.P. and
Burlington patented mining claims and may present potential targets
of further development. Access and improved road permits necessary
for bulk sampling had been awarded to the Company by the U.S.
Forest Service based on the lease agreement between the previous
lease holder and the Company. The purchase of the lease grounds
ensures the Company uninterrupted access to its U.P. and Burlington
patented mining claims.
The Company intends to commence an extensive resource
delineation / confirmation program upon snow melt beginning of
Summer 2014. The Company is seeking to expand the Company's current
NI 43-101 Technical Analysis to a full Reserve Confirmation. This
program will consist of further bulk sampling, geological mapping
(underground and surface), rehabilitation of the historical
workings, a drilling program and testing of newly identified
targets. Historical reports as well as numerous recent assay
results indicate ore grades potentially exceeding 0.5 oz/ton Gold
(Au) and recoverable amounts of Silver (Ag) are also contained in
the exposed veins. If favorable results are returned from this
program, the Company would then direct its efforts to the
completion of a small underground mine plan in 2015.
About Inception Mining Inc.
We are a minerals resource company engaged in the
acquisition, exploration, and development of primarily gold
related properties. Our primary target properties are those
that have been the subject of historical exploration having
significant supporting data.
Forward-Looking Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release are forward-looking statements that
involve various risks and uncertainties. Forward-looking statements
in this news release include statements with respect to the
potential mineralization and geological merits of the Company
properties. There can be no assurance statements will prove to be
accurate and actual results and future events could differ
materially from anticipated in such statements.
Inception Mining Inc. disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events except as required by applicable
securities legislation.
CONTACT: 5320 South, 900 E. Suite 260
Salt Lake City, Utah 84106
Michael Ahlin, CEO
(801) 312-8113 Ext. 10
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