Chala One Produces 111 Ounces of Gold in November
December 12, 2013
Vancouver, B.C., December 12, 2013 – INCA ONE RESOURCES CORP. (TSX‐V:IO)(“Inca One” or the “Company”) wishes to announce 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 tons of ore with an average grade of 16.94 g/t Au with recoveries of 92.6% 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 TPD capacity in the New Year and intends to then commence plant upgrades to increase capacity to 50 TPD by the 2nd quarter of 2014.
Commenting on the above, Mr. Edward Kelly, President and CEO, 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, practicing 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.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company with a newly acquired gold milling facility & exploration assets in Peru, which was home to the Inca Empire. Peru is currently the largest gold producer in South America, hosting mines which have produced up to 26 million ounces of gold. A highly mineral-rich country, Peru is one of the world’s top producers of gold, silver, copper and zinc.
On behalf of the Board,
INCA ONE RESOURCES CORP.
For More Information Contact:
NEITHER 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 IN THIS PRESS RELEASE 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 INHERENTRISKS AND UNCERTAINTIES SUCH AS THE RISK THAT THE CLOSING MAY NOT OCCUR FOR ANYREASON. ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS DUE TO FACTORS SUCH AS: (I) THE INABILITY OF THE PARTIESTO CONSUMMATE THE DEFINITIVE LETTER AGREEMENT; (II) FLUCTUATION OF MINERAL PRICES; (III) A CHANGE IN MARKET CONDITIONS; (IV) THE INABILITY TO PRODUCE THE TECHNICAL REPORT FOR ANY REASON WHATSOEVER; AND (V) THE REFUSAL OF THE EXCHANGE TO ACCEPT THE PROPOSED TRANSACTION FOR ANY REASON WHATSOEVER. EXCEPT AS REQUIRED BY LAW, THE COMPANYDOES NOT INTEND TO UPDATE ANY CHANGES TO SUCH STATEMENTS.
THE TECHNICAL INFORMATION IN THIS NEWS RELEASE HAS BEEN REVIEWED ON BEHALF OF THE COMPANY BY THOMAS HENRICKSEN, A QUALIFIED PERSON UNDER NI 43-101.
INVESTORS SHOULD NOTE THAT NO RESOURCE HAS BEEN ESTABLISHED ON THE CORIZONA PROPERTY IN RESPECT OF WHICH THE BULK SAMPLING PROGRAM HAS BEEN INITIATED AND THE OBTAINING OF COMMERCIAL MINING PERMITS WITH RESPECT TO THE CORIZONA PROPERTY DOES NOT MEAN THAT THE PROPERTY CAN BE MINED COMMERCIALLY OR AT ALL.