Inca One Reports Recovery Of 521.0 Ounces Of Gold And 557.6 Ounces Of Silver From Continued Test Milling Operations At Chala One
January 19, 2015
VANCOUVER, BC – January 19, 2015 - INCA ONE GOLD CORP. (TSX VENTURE: IO) ("Inca One" or the "Company") is pleased to announce that, between December 3, 2014 to January 7, 2015 it has completed three additional harvests for a total recovery of 521.0 ounces (16,204 grams) of gold and 557.6 ounces (17,343 grams) of silver from resumed test milling during initial start up operations at the Chala One plant. This recovery of gold and silver represents the processing of a total of approximately 753 tonnes of material.
"We are very pleased to have received additional gold and silver from our test milling and initial start up operations," said Edward Kelly, Inca One's President and CEO. "The completion of the construction of the 100 TPD facilities went very smoothly, and start up operations to date have progressed within our projected timelines.”
About Inca One
Inca One is a Canadian-based ore processing company with a gold milling facility in Peru, servicing government permitted small scale miners. A highly mineral rich country, Peru is one of the world's top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their ore (such as the Company's Chala One plant).
On behalf of the Board,
President & CEO
INCA ONE GOLD CORP.
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NEITHER THE 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 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 inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that the Company has limited operating experience with its Chala plant and future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements.
This news release deals only with the Company's Chala plant, which is an industrial project. This presentation does not deal at all with the Company's sole mineral exploration property, the Corizona property. Investors should note that no resource has been established on the Corizona property and all of the material currently being processed at the Chala plant is received from local small-scale mining operations.