Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

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

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

Exploration Update: Golden Arrow’s Pescado Project
By: Nicholas LePan, SilverSeek.com

GoldSeek Radio Nugget: Charles Hughes Smith and Chris Waltzek
By: radio.GoldSeek.com

Strap Yourself In - We Are About To See Some Big Moves In Metals
By: Avi Gilburt

Visit the Top Blockchain and Cryptocurrency Power Hubs of the World
By: Frank Holmes

Gold’s Upside Target
By: Przemyslaw Radomski, CFA

Dollar Crisis
By: Gary Savage

What Gold Needs to Do Now
By: Rick Ackerman

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price
By: GoldCore

Asian Metals Market Update: December-14-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Inca One Commences Commercial Production at its Chala One Plant, Peru

 -- Published: Wednesday, 25 March 2015 | Print  | Disqus 

VANCOUVER, BC – March 25, 2015 - INCA ONE GOLD CORP. (TSX-V:IO) ("Inca One" or the "Company") is pleased to announce that its Chala One gold-bearing ore processing facility in Peru, owned and operated by its wholly owned subsidiary Chala One SAC (“Chala One” or the “Chala Plant”), commenced commercial production effective February 1, 2015.

Management recently conducted an assessment of commercial production indicators and concluded that commercial production commenced as at February 1, 2015. This assessment included key parameters being met such as:

  • all major and auxiliary processing circuits were fully operational including ball mill, crushing, and leaching circuits, and related facilities in place;
  • average production throughput at the plant since February 1, 2015 has been in excess of 50 tonnes per day ("TPD") with overall production now ramping up to the full 100 TPD capacity;
  • and a reasonable testing and commissioning period has completed.

In addition, since test milling began in November 2014 the supply of legal mill feed and the commercial recovery of gold and silver from production of this material at the Chala Plant have met management's pre-determined targets. Further, the operating and costing data during the pre-commercial production period indicate economic viability of the plant was met as at February 1, 2015.

The Chala Plant now constitutes a full service 100 TPD capacity facility, with weighing, sampling, and metallurgical test facilities all on site along with crushing, grinding and carbon leaching circuits, as well as full material handling and tailings disposal facilities. This enables the Company to receive and fully process gold-bearing ore from legal small scale miners and produce loaded carbon for smelting and recovery of gold and silver off site.

The Company expects that ramp up of operations to the full 100 TPD capacity will be completed by the end of calendar Q2, 2015. Inca One will also continue to consider and implement process improvements and enhancements to its operations to continue to make Chala One more profitable and efficient as time goes on.

"We are pleased to report the achievement of commercial production on schedule as well as the solid performance of our mill facilities and our personnel during the start up phase of our operations," said Edward Kelly, President and CEO. "We look forward to continued progress in our activities and to processing consistently at full capacity, focusing on efficiency in recoveries and costs, while we also continue to increase the quality and grade of our ore supply and the entire customer experience. We look forward to a very successful year at Chala One."

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 Plant).

On behalf of the Board,

Edward Kelly
President & CEO
INCA ONE GOLD CORP.

For More Information Contact:

Kin Communications Inc.
io@kincommunications.com
1-866-684-6730
1-604-684-6730
www.kincommunications.com

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.


| Digg This Article
 -- Published: Wednesday, 25 March 2015 | 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 - 2017



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

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com 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, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.