Inca One Recovers Further Gold and Silver at Chala One

Inca One Gold Corp. (TSXV:IO) announced that since mid-April it’s recovered a further 2,144 ounces of gold and 2,392 ounces of silver from 3,042 tonnes of material. Recovery took place at Chala One SAC, a subsidiary of Inca One located in Peru.

As quoted in the press release:

Including the results announced today, the Company has processed a total of 7,237 tonnes of material and recovered and sold a total of 5,518 ounces of gold and 5,011 ounces of silver for sales proceeds of approximately USD$6.73 million since December 3, 2014. This amounts to approximately 0.76 ounces of gold recovered per tonne of material processed.

Recently the Company achieved new highs in delivery of gold-bearing material from third party small scale miners. Over the three weeks ending June 7, 2015 average daily deliveries were approximately 90 tonnes per day (‘TPD’) with select days exceeding 180 TPD. The Company continues to focus on sourcing steady streams of mill feed from small scale miners by providing a transparent, efficient, and superior customer experience.

Beginning June 7, 2015 the Company initiated production throughput at the plant’s maximum capacity of 100 TPD with the intent to operate within the 80 TPD to 100 TPD range through the third calendar quarter of 2015. Over the last few weeks the Company made select adjustments to the milling and leaching circuits with the intent to maximize gold recovery at these production levels.

Edward Kelly, president and CEO of Inca, commented:

We continue to be pleased with the excellent performance exhibited by our Peruvian team at the Chala One plant having now completed four months of throughput since the beginning of commercial production. We remain committed to providing superior service for our customers and to establishing long-term trusted relationships.

Click here to read the full Inca One Gold Corp. (TSXV:IO) press release.