VANCOUVER, April 16, 2018 /CNW/ - INCA ONE GOLD CORP.
(TSXV: IO, Frankfurt:
SU9.F, SSEV: IOCL) ("Inca One" or the
"Company") is pleased to announce gold production in
March 2018 reached approximately
1,141 ounces, an increase of 40% year-over-year, and an increase of
25% from the prior month of February
2018.
Throughput in March also increased significantly, as the Company
achieved an average throughput of approximately 80 tonnes per day
("TPD"), an increase of 33% year-over-year and an increase
of 24% from the prior month of February 2018. Material
processed in March was 2,495 tonnes as compared to 1,880 tonnes in
March 2017 and 2,018 tonnes in the
prior month of February 2018.
Inca One's supply of gold bearing material for processing
continued to increase substantially. Mineral received in
March 2018 was 3,430 tonnes or
approximately 111 tonnes a day, an increase of 61% year-over-year,
and 66% when compared to the prior month of February
2018.
Inca One President and CEO,
Edward Kelly stated, "During March
we achieved record daily and monthly deliveries to our plant.
Processing and throughput have increased as expected and our
exports have climbed accordingly. We are determined to
continue this momentum and improve profitability by increasing
production levels to 100 TPD."
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,
Edward Kelly,
President and 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 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. Inca One believes
the expectations reflected in those forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
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SOURCE Inca One Gold Corp.