VANCOUVER, BC--(Marketwired - December 09, 2014) - INCA ONE GOLD CORP. (TSX VENTURE: IO) ("Inca One" or the "Company") is pleased to announce that it has hired Carlos Santana as Chief Metallurgist 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. Santana will report to the newly-hired Mill Superintendent, Emilio Ortiz (see press release of November 25, 2014), and brings a wealth of metallurgical operating experience in gold processing plants similar to the Chala Plant. Previous positions include over 7 years as Chief of Plant Operations at the Chaparra Mill of Minera Colibri, where he was instrumental in the basic engineering and development for the expansion of plant capacity from 75 to 150 tonnes per day ("TPD"), as well as process optimization of operations following that expansion. He also served for over 4 years as the Chief Shift Supervisor of Metallurgical Operations at the Chumpe Concentrator of Centromin Peru. Mr. Santana has a degree in Chemical Metallurgy from the National University of Engineering of Peru, along with considerable additional related training in technical, environmental and security issues during his career.
"We are very pleased to add Carlos Santana to our excellent technical and operating team," said Edward Kelly, Inca One's President and CEO. "He brings additional metallurgical experience to compliment the extensive background of Emilio Ortiz and Jaime Polar, our two operating managers with extensive previous experience at Barrick Gold Corp."
Mr. Santana's addition to the Inca One management at the Chala Plant completes the high-level team of experienced and competent professionals of solid reputation in the industry. All of the Company's operating management team members are from the top echelon among the Peruvian mining industry and, in addition to being of Peruvian nationality, have been educated and trained in Peru.
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.