VANCOUVER, Aug. 15, 2019 /CNW/ - INCA ONE GOLD CORP.
(TSXV: IO) (Frankfurt:SU9.F) (SSEV: IOCL) ("Inca One" or
the "Company") announces consolidated gold production and
deliveries for July 2019 from its
Chala One Plant ("Chala One")
and Koricancha Plant ("Kori One"). All comparative
year over year ("YOY") production numbers relate only to
Chala One in 2018. Consolidated production in 2019 is on a
100% basis and includes Kori One from August
21, 2018.
Inca One reports that gold production this past July 2019 increased 67% YOY producing 2,153
ounces of gold, as compared to 1,291 ounces in July 2018.
Gold production, as expected, picked up again on a month over month
("MOM") basis increasing 16% from the prior month of
June 2019 (1,846 oz) as production
continued its positive momentum this month.
Deliveries for July 2019 increased
2% YOY with 4,022 tonnes of gold bearing material delivered to both
the Chala One and the Kori One plants. Deliveries also picked
up 8% on a MOM basis over June 2019
(3,735 tonnes).
Throughput in July 2019 reached
4,056 tonnes, as compared to 2,989 tonnes in July 2018, an increase of 36% YOY.
Throughput also climbed 4% MOM, averaging 131 tonnes per day
("tpd") in July as compared to June
2019 (126 tpd).
|
Operations
|
|
Year over
Year
|
|
July
2019
|
July
2018
|
YOY
Variance
|
|
Deliveries:
|
|
4,022
|
3,950
|
2%
|
|
Throughput:
|
|
4,056
|
2,989
|
36%
|
|
Tonnes Per Day
(tpd):
|
|
131 tpd
|
96 tpd
|
36%
|
|
Gold
Produced:
|
|
2,153
|
1,291
|
67%
|
Edward Kelly, President, and CEO
commented, "I am pleased to see our production continue to grow and
build momentum month over month, as we now enter the second half of
the calendar year, a period where historically we have seen our
most productive months."
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 100%-owned Chala One and 90%-owned
Kori One milling facilities, located in Arequipa, 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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content:http://www.prnewswire.com/news-releases/inca-one-produces-2-153-oz-of-gold-in-july-2019--300902575.html
SOURCE Inca One Gold Corp.
