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Inca One Gold (TSXV:IO) has announced that in the initial 31 day period from commencement of ramp-up, its material purchasing program for October reached 2,039 tonnes. As quoted in the press release:  This is an increase of 90% as compared to the first nine months of 2016 which averaged 1,071 tonnes per month.  We have …

Inca One Gold (TSXV:IO) has announced that in the initial 31 day period from commencement of ramp-up, its material purchasing program for October reached 2,039 tonnes.
As quoted in the press release:

 This is an increase of 90% as compared to the first nine months of 2016 which averaged 1,071 tonnes per month.  We have stockpiled a 15 to 20 day buffer of mill feed, which allows for production to be sustained and continued through reasonable interruptions including seasonal downturns in supply.
Through this 31 day ramp-up period Chala One has also processed 1,467 tonnes as compared to 875 tonnes averaged over the first nine months of 2016, an increase of 68%.  Material processing activities at Chala One continue to gradually increase as planned and we expect to be operating at an average of 100 tonnes per day (“TPD”) in the coming months.
Additionally, gold pouring activities during this initial ramp-up period have also increased.  Production has reached 647 ounces of gold in October 2016, as compared to the average operating levels over the first nine months of 2016 of 417 ounces per month, an increase of 55%. Weekly gold exports are climbing, translating to increased sales of Chala One’s gold dore, a reflection of continued increases in production levels and healthy operating metrics.
To manage production and gold recovery risk during initial ramp-up the Company intentionally sourced relatively lower grade material. Recovery targets have been achieved and improved upon during ramp-up, and the Company has now begun focusing on sourcing higher grade mineral.

Click here to read the full press release.

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