LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Gets a Boost of Rocket Fuel From Negative Bond Yields
By: Frank Holmes, US Funds

The Gold (and Silver) Volcano Is Ready to Erupt
By: David H. Smith

Precious Metals Update Video: Where do you park money? Stock markets and hard assets
By: Ira Epstein

Recognition and Adjustment
By: Craig Hemke

After This Confirmation Gold Prices Will Rise Fast
By: Hubert Moolman

Will Silver Soon Follow Gold’s Lead?
By: Stefan Gleason

GoldSeek Radio: Dr. Chris Martenson & Bob Hoye
By: Chris Waltzek Ph.D., GoldSeek Radio

Gold’s Century
By: Michael J. Kosares, USA Gold

What Gets Measures Gets Improved
By: Keith Weiner, Monetary Metals

SWOT Analysis: Central Banks Continue to Show Their Love for Gold
By: Frank Holmes, US Funds

 
Search

GoldSeek Web

 
Inca One Resources Corp.: Chala One Plant Upgrades on Budget and on Schedule for Gold Production

 -- Published: Wednesday, 3 September 2014 | Print  | Disqus 

VANCOUVER, BC--(Marketwired - September 03, 2014) - INCA ONE RESOURCES CORP. (TSX VENTURE: IO)("Inca One" or the "Company") is pleased to give an update on the Chala One milling facility upgrade as it remains fully funded, on schedule and on budget for 100 TPD capacity by the end of Q4 2014.

The first 50TPD ball mill being manufactured in Lima Peru, is over 70% complete and expected to be delivered to the Chala One site by the end of September. In addition, the down payment has been made to commence the assembly of the second 50 TPD ball mill and it is slated for delivery by the middle of November.

For the first phase of production of 50 TPD two 20x20 tanks, one 16x16 tank and one 14x14 tank have been fabricated and were delivered to the Chala One site on Wednesday, August 27th 2014. The cement pads for the tanks are complete and are ready now for the assembly of the tanks.

Click here to view the latest photo gallery: http://bit.ly/1w4Kr92

Inca One has also purchased an 80-ton scale allowing the company to weigh ore on arrival at the Chala One processing site to further reduce risk of third party errors. Construction has begun and will be completed at the end of November.

"In short, we are very pleased with our team who remain committed to meeting specific timelines and budgets," states George Moen, COO of Inca One. "We are excited to be in the position to say that cash flow is now in the very foreseeable future."

ED & ED Engineering Services SA, a Peruvian engineering firm who has built a number of plants for the ore-processing sector of up to 300 TPD is currently on-site, developing the facility's start-up strategy and overseeing the construction of the plant expansion.

The Chala One (CIL) plant is located on 17 hectares of property in the region of Arequipa. Arequipa hosts the largest amount of small-scale mines, which are legal to buy and process ore from. These are mines that are unable to support stand-alone plants and the potential demand for ore processing is considerable. The company has identified sufficient ore sources in the Arequipa region to meet its short and long term sales goals.

About Inca One Resources Corp.

Inca One is a Canadian-based mineral resource company and 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 mill).

On behalf of the Board,

INCA ONE RESOURCES CORP.

Edward Kelly
President & CEO

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 forward-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.

Contact:
For More Information
KIN Communications
io@kincommunications.com
1-866-684-6730
1-604-684-6730
www.kincommunications.com

| Digg This Article
 -- Published: Wednesday, 3 September 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus







 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.