VANCOUVER, Sept. 13, 2017 /CNW/ - INCA ONE GOLD CORP.
(TSXV: IO, Frankfurt:
SU9.F, SSEV: IOCL) ("Inca One" or the
"Company") is pleased to announce gold production in July
and August 2017 more than doubled
from the same period last year, increasing to 1,780 ounces, an
increase of 124% year-over-year, and an increase of 9% from the
prior two months of May and June
2017.
During the two months, the Company achieved an average
throughput of 67.4 tonnes per day ("TPD"), an increase of
180% from the comparable two-month period in 2016, and an increase
of 13% from the prior two-month period of May and June 2017.
Over July and August 2017, the
Company processed approximately 4,178 tonnes of material, compared
to 1,492 tonnes year-over-year, (an increase of 180%).
Inca One's supply of gold bearing material for processing
continued to increase steadily. Mineral received in July and
August 2017 was 4,260 tonnes an
increase of 132% year-over-year, and 10% when compared to the prior
two-month period of May and June
2017.
Inca One President and CEO,
Edward Kelly stated, "July and
August was another productive period for Chala One and our
operations team is to be commended for solid and consistent
production numbers. I am pleased with our continued growth
entering the second half of the year, keeping Inca One on track
towards our goal of positive cash flow."
About Inca One
Inca One is a Canadian-based mineral processing company.
The Company's activities consist of the production of gold
and silver from the processing of purchased minerals located in
Peru. Peru is the 6th largest producer of gold in
the world and the Peruvian government estimates the small-scale
mining sector accounts for a significant portion of all Peruvian
gold production, estimated to be valued approximately US$3 billion annually. The Company
purchases its minerals from government registered small-scale
mining producers from various regions and processes it at its Chala
One milling facility located in Chala, Southern Peru.
On behalf of the Board,
Edward Kelly,
President and CEO
INCA ONE GOLD CORP.
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 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. Inca One believes
the expectations reflected in those forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
SOURCE Inca One Gold Corp.