Inca One Gold Announces 124% Increase in YOY Gold Production in July and August 2017
VANCOUVER, BC – September 13, 2017 – INCA ONE GOLD CORP. (TSXV: IO, Frankfurt: SU9.F, SSEV: IOCL) (“Inca One” or the “Company”) is pleased to announce gold production in July and August 2017 more than doubled from the same period last year, increasing to 1,780 ounces, an increase of 124% year-over-year, and an increase of 9% from the prior two months of May and June 2017.
During the two months, the Company achieved an average throughput of 67.4 tonnes per day (“TPD”), an increase of 180% from the comparable two-month period in 2016, and an increase of 13% from the prior two-month period of May and June 2017. Over July and August 2017, the Company processed approximately 4,178 tonnes of material, compared to 1,492 tonnes year-over-year, (an increase of 180%).
Inca One’s supply of gold bearing material for processing continued to increase steadily. Mineral received in July and August 2017 was 4,260 tonnes an increase of 132% year-over-year, and 10% when compared to the prior two-month period of May and June 2017.
Inca One President and CEO, Edward Kelly stated, “July and August was another productive period for Chala One and our operations team is to be commended for solid and consistent production numbers. I am pleased with our continued growth entering the second half of the year, keeping Inca One on track towards our goal of positive cash flow.”
About Inca One
Inca One is a Canadian-based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government registered small-scale mining producers from various regions and processes it at its Chala One milling facility located in Chala, Southern Peru.
On behalf of the Board,
President and CEO
INCA ONE GOLD CORP.
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Inca One Gold Corp.
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