INCEPTION MINING INC. Drilling Campaign and Leach Pad Analysis
July 07 2016 - 9:32AM
Marketwired
INCEPTION MINING INC. Drilling Campaign and Leach Pad
Analysis
SALT LAKE CITY, UT-(Marketwired - Jul 7, 2016) - INCEPTION
MINING INC. (OTCQB: IMII) ("Inception" or the "Company") announced
today the preliminary results of its current drilling campaign plus
the initial analysis of the entire leach pad at its Cerros Del Sur
operation in Honduras, the principal operation of the Company's
wholly-owned subsidiary, Clavo Rico LTD.
The Company, through its subsidiaries, embarked on a drilling
program to profile its properties following the merger in October
2015. The preliminary results indicate an extensive sulfide-based
ore body, overlaid by an oxide ore zone that could be very amenable
to the current leaching methodology used by the Company. Assay and
metallurgical testing by a laboratory in the United States is now
being completed to have a better understanding of the sulfide
ore.
When the mining operation was acquired, the Company relied on
historical data and determined that a better, more current
understanding of the recovery was needed. Since then, the Company
has embarked on a statistical sampling (six-meter grid with
sampling to depth) of the leach pad and has preliminary data that
indicates primarily oxide ores averaging over 1.19 grams per ton.
The Company plans to complete the sampling and laboratory work to
better understand the ore and possible enhanced recovery
methods.Clavo Rico Ltd.'s principal mining operations in Honduras,
Central America operate via a majority-owned subsidiary with
positive revenue and significant resources. Its mining concessions
include several historical underground operations dating back to
the early Mayan and Spanish occupation.
The Company is optimistic that owned and profiled reserves are
sufficient to maximize the existing leach pad, continue generating
revenues, support the planned exploration program and expanded
43-101 reserve analysis. The merger with Clavo Rico LTD. included
land, equipment of the current mining operations, and the primary
concession, along with the rights to proceed with exploration and
exploitation on the additional concessions. Our team will focus on
bringing those new bodies to production and will consider on a
comprehensive mapping of the additional concessions.
Reflecting on the recent developments, Michael Ahlin, the
Company's CEO, stated, "While historical data can be the basis for
an acquisition, new data is necessary to confirm and boost
confidence in the project. We are very pleased with the results of
our operations to date."
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's
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 or future events, except as required by
applicable securities legislation.
Contact Information
Inception Mining Inc.(OTCQB: IMII)5330 South 900 EastSuite
280Salt Lake City, Utah 84117Michael AhlinCEO(801) 312-8113 Ext.
102www.inceptionmining.com
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