19:41:12 EDT Tue 30 Apr 2024
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or Name
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Inca One Resources Corp
Symbol IO
Shares Issued 46,739,174
Close 2013-12-11 C$ 0.09
Market Cap C$ 4,206,526
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Inca One produces 111.5 oz Au at Chala in November

2013-12-12 08:46 ET - News Release

Mr. Edward Kelly reports

INCA ONE RESOURCES CORP.: CHALA ONE PRODUCES 111 OUNCES OF GOLD IN NOVEMBER

Inca One Resources Corp. has released production results for the month of November, 2013, at its newly upgraded Chala One gold milling facility located in the region of Arequipa, Chala, Peru. During this month the mill processed 205 dry metric tonnes of ore with an average grade of 16.94 grams per tonne (g/t) gold (Au) with recoveries of 92.6 per cent for gold production of 111.5 ounces.

The company continues to source high-grade ore from artisanal miners in an effort to ramp up to a full 25-tonne-per-day capacity in the new year and intends to then commence plant upgrades to increase capacity to 50 tonnes per day by the second quarter quarter of 2014.

Commenting on the above, Edward Kelly, president and chief executive officer, stated: "Completing the Chala One upgrade and commencing production has been a major focus for Inca One and a stepping stone for further growth. The plant is operating smoothly, is easily scalable and there is an abundance of high-grade gold mill feed to support increasing production in the coming months."

Inca One, practising North American mining standards, intends to become a toll milling company of choice for artisanal miners in Peru.

The company will provide a more detailed analysis of Chala One production results in its future quarterly filings.

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