VANCOUVER, BC-- INCA ONE GOLD CORP. (TSX VENTURE: IO) ("Inca One" or the "Company"), is pleased to announce that it has hired Emilio Ortiz as Mill Superintendent for the Chala One gold milling plant (the "Chala Plant") in Peru. The Chala Plant has recently resumed test milling on its original processing circuit, and is in the final stages of expansion to 100 tonnes per day ("TPD") capacity.
Mr. Ortiz joins the Company's senior operating management team alongside Jaime Polar, a proven and seasoned industry veteran and former Barrick Operations General Manager (please refer to earlier press release dated September 9, 2014). Mr. Oritz will be overseeing the completion of the Chala Plant 100 TPD upgrade and ramp up of operations.
"The hiring of Emilio Ortiz, to work alongside Jaime Polar, Inca One's Vice President of Operations, Peru, completes our senior management team for the Chala One Plant," said Edward Kelly, Inca One's President and CEO. "We also have in place a seasoned ore purchasing team with extensive experience in the identification and purchasing of high grade gold ores in Peru. This provides us with a strong competitive advantage."
With 15 years in the industry, Mr. Ortiz brings a wealth of experience in mill management and operations in Peru. Working for one of the premiere gold mining and processing firms in the world, Mr. Ortiz began his career at Barrick Gold Corp's (ABX.TO) (ABX), Pierina Gold Mine in 1999. The Pierina mine and milling operation is a Peruvian open-pit gold mine and associated gold-leaching operation. Since 1999, he has held various positions of increasing responsibility, including Lead Operator, Chief of Leach Operations, Processing Chief Operating Officer, Chief of General Processing Maintenance, General Chief of Maintenance Engineering, Chief of General Water Management, and most recently, Manager of Processing.
Mr. Ortiz and Mr. Polar previously worked in concert at Barrick's Pierina mine. During Mr. Polar's tenure, he oversaw six divisional managers and was responsible for more than 900 staff members. During Mr. Ortiz's most recent assignment as Manager of Processing at Pierina, he supervised 65 workers, and was responsible for all administrative resources and procedures to assure the attainment of annual production goals, as well as the management of environmental and security measures.
Plant Expansion in Final Stages
Over the coming weeks, Mr. Ortiz will oversee finalization of the Chala Plant expansion to 100TPD capacity, and supervise test milling, staff training, and operations ramp up.
Test milling in the original processing circuit has resumed (see press release dated November 20, 2014). Installation of the first of the two new 50 TPD ball mills has completed and is going through its start up and sequencing procedures. The second 50 TPD ball mill is currently being installed with all critical and non-critical components on site.
Inca One continues to project that full commissioning of the expanded plant will be on schedule for completion by the end of December 31, 2014.
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.
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.