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Inca One Gold Corp V.INCA.H

Alternate Symbol(s):  INCAF

Inca One Gold Corp. is a Canada-based gold producer operating two permitted, gold mineral processing facilities in Peru. It is engaged in the business of operating and developing gold-bearing mineral processing operations in Peru, to service government permitted small scale miners. The Company possesses a combined 450 tons per day (TPD) permitted operating capacity at its two fully integrated plants, Chala One and Kori One. The Chala One Plant is a full-service milling facility, with weighing, sampling and metallurgical test facilities on site, along with crushing, grinding and carbon-leaching circuits, full material handling, desorption, smelting and tailings disposal facilities. The Chala One Plant facility has a permitted capacity of approximately 100 tons per day. Kori One facility has a permitted capacity of approximately 350 TPD, which is located in the Arequipa region of Peru. It has-in house, metallurgical and chem labs, desorption and smelting facilities.


TSXV:INCA.H - Post by User

Bullboard Posts
Post by paulindoonon Mar 03, 2019 11:45am
67 Views
Post# 29435012

Feb Au production numbers out

Feb Au production numbers out

Inca One Produces 2,434 oz of Gold, A Record for the Month of February

VANCOUVERMarch 3, 2019 /CNW/ - INCA ONE GOLD CORP. (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce consolidated gold production for February 2019 from its Chala One Plant ("Chala One") and Koricancha Plant ("Kori One").  All comparative year-over-year ("YOY") production numbers relate only to Chala One in 2018.  Production for 2019 is on a 100% basis and includes both Chala One and Kori One from August 21, 2018.  Prior to August 21, 2018, production includes only Chala One.

The Company's gold production increased 167% YOY this past February 2019 to 2,434 ounces, compared to 910 ounces in February 2018.  When compared to the prior month of January 2019, gold production increased 6% despite having three less calendar days to operate.

Material processed in February reached 4,520 tonnes, compared to 1,797 tonnes in February 2018, an increase of 152% YOY.  Throughput in February averaged a combined 161 tonnes per day ("TPD"), up 3% from the previous month of January 2019.

February 2019 Operations

Year over Year 

Feb. 2019

Feb. 2018

YOY

Deliveries:

   4,499 tonnes

2,066 tonnes

118%

Production:

4,520 tonnes

1,797 tonnes

152%

Throughput:

161 tpd

64 tpd

152%

Gold Produced:

 2,434 ounces

910 ounces

167%

 

February's growth is not only attributable to the acquisition of Kori One, but also due to continued strong supply of gold bearing material to both Chala One and Kori One plants. This is notable as the rainy season continued well into the month of February.

Edward Kelly, President, and CEO commented, "February is in the books as our strongest February to date, despite battling the Peruvian rainy season.  Having now entered the final quarter of fiscal 2019, thanks to our team's efforts, we look forward to continued growth in production, fueled by this past years' acquisition of the Kori One milling facility."

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