Inca One Announces First Gold Pour from Operations at Chala One Plant
November 14, 2013
Vancouver, B.C., November 14, 2013 – INCA ONE RESOURCES CORP. (TSX‐V:IO)(“Inca One” or the “Company”) is pleased to announce that it has completed the first sale of gold rich carbon and subsequent gold pour from its operations at the Company’s 100% owned Chala One Plant located in the Region of Arequipa, 620km south of Lima, 3km off the Pan American in the town of Chala, Peru.
A total of 62.36 ounces of gold has been recovered from the first 96.77 tons of throughput at an average head grade of 22.26 G/T. An average recovery of 90.72% (20.29 g/t) of gold was realized. The mill facility currently has a capacity of 25 TPD, and Inca One continues toll milling high-grade mill feed under contracts with artisanal miners.
"This first gold pour represents a tremendous milestone for our Company and our Peruvian team who have met all performance objectives. In the early part of 2013, Inca One made its first announcement that it was pivoting from a pure exploration company to a growing cash flowing producing entity with its newly acquired gold milling facility at Chala One,” said Edward Kelly, President& CEO. “We intend to ramp up to full capacity shortly, and further expand to 100 TPD by end of 2014.”
The Company continues operations at Corizona. Currently the company is working on 6 faces from 3 veins that are currently available for bulk sampling, and an additional 6 faces are in development. On November 9th the company shipped its first load of 30 tons of material from Corizona to Chala One to be processed.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company with a newly acquired gold milling facility & exploration assets in Peru, which was home to the Inca Empire, Peru is currently the largest gold producer in South America, hosting mines which produced up to 26 million ounces of gold. A highly mineral-rich country, Peru is the largest producer of silver and 2nd largest producer of copper worldwide as of 2009.
On behalf of the Board,
INCA ONE RESOURCES CORP.
NEITHER 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 IN THIS PRESS RELEASE 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 INHERENTRISKS AND UNCERTAINTIES SUCH AS THE RISK THAT THE CLOSING MAY NOT OCCUR FOR ANYREASON. ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS DUE TO FACTORS SUCH AS: (I) THE INABILITY OF THE PARTIESTO CONSUMMATE THE DEFINITIVE LETTER AGREEMENT; (II) FLUCTUATION OF MINERAL PRICES; (III) A CHANGE IN MARKET CONDITIONS; (IV) THE INABILITY TO PRODUCE THE TECHNICAL REPORT FOR ANY REASON WHATSOEVER; AND (V) THE REFUSAL OF THE EXCHANGE TO ACCEPT THE PROPOSED TRANSACTION FOR ANY REASON WHATSOEVER. EXCEPT AS REQUIRED BY LAW, THE COMPANYDOES NOT INTEND TO UPDATE ANY CHANGES TO SUCH STATEMENTS.
THE TECHNICAL INFORMATION IN THIS NEWS RELEASE HAS BEEN REVIEWED ON BEHALF OF THE COMPANY BY THOMAS HENRICKSEN, A QUALIFIED PERSON UNDER NI 43-101.
INVESTORS SHOULD NOTE THAT NO RESOURCE HAS BEEN ESTABLISHED ON THE CORIZONA PROPERTY IN RESPECT OF WHICH THE BULK SAMPLING PROGRAM HAS BEEN INITIATED AND THE OBTAINING OF COMMERCIAL MINING PERMITS WITH RESPECT TO THE CORIZONA PROPERTY DOES NOT MEAN THAT THE PROPERTY CAN BE MINED COMMERCIALLY OR AT ALL.