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Enter Symbol
or Name
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Inca One Gold Corp
Symbol IO
Shares Issued 69,540,914
Close 2015-06-08 C$ 0.205
Market Cap C$ 14,255,887
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Inca One Gold recovers 2,144 oz Au from Chala One

2015-06-09 08:35 ET - News Release

Mr. Edward Kelly reports

INCA ONE ANNOUNCES RECOVERY OF AN ADDITIONAL 2,144 OUNCES OF GOLD AND 2,392 OUNCES OF SILVER AT CHALA ONE SINCE APRIL 8, 2015

Since its press release of April 14, 2015, Inca One Gold Corp. has recovered an additional total of 2,144 ounces (66,671 grams) of gold and 2,392 ounces (74,405 grams) of silver from 3,042 tonnes of material in connection with operations undertaken from April 8, 2015, through June 2, 2015, at the company's subsidiary, Chala One SAC in Peru. Including the results announced today, the company has processed a total of 7,237 tonnes of material and recovered and sold a total of 5,518 ounces of gold and 5,011 ounces of silver for sales proceeds of approximately $6.73-million (U.S.) since Dec. 3, 2014. This amounts to approximately 0.76 ounce of gold recovered per tonne of material processed. Recently the company achieved new highs in delivery of gold-bearing material from third party small-scale miners. Over the three weeks ending June 7, 2015, average daily deliveries were approximately 90 tonnes per day (TPD) with select days exceeding 180 TPD. The company continues to focus on sourcing steady streams of mill feed from small-scale miners by providing a transparent, efficient and superior customer experience. Beginning June 7, 2015, the company initiated production throughput at the plant's maximum capacity of 100 TPD with the intent to operate within the 80 TPD to 100 TPD range through the third calendar quarter of 2015. Over the last few weeks the company made select adjustments to the milling and leaching circuits with the intent to maximize gold recovery at these production levels.

"We continue to be pleased with the excellent performance exhibited by our Peruvian team at the Chala One plant having now completed four months of throughput since the beginning of commercial production," said Edward Kelly, Inca One's president and chief executive officer. "We remain committed to providing superior service for our customers and to establishing long-term trusted relationships."

Van Phu Bui, BSc, PGeo, a director of the company and a qualified person under the terms of National Instrument 43-101, standards of disclosure for mineral projects, has approved the technical information in this news release.

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