PR Update
Inca One recovers 172.36 oz Au from Chala plant
2014-03-03 08:36 ET - News Release
Mr. Edward Kelly reports
INCA ONE PROCESSES 172.36 OUNCES OF GOLD AND 78.58 OUNCES SILVER FROM LATEST CARBON HARVEST AT CHALA PLANT
Inca One Resources Corp. has recovered 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 Dec. 6, 2013, and Feb. 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 2,444.107 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 tonnes per day (see news release dated Feb. 7, 2014).
Edward Kelly, president and chief executive officer 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."
We seek Safe Harbor.