SALT LAKE CITY, UT--(Marketwired - Sep 12, 2016) - INCEPTION MINING INC. (OTCQB: IMII) ("Inception" or the "Company") announces that 2016 year-to-date production at its Cerros del Sur operation in Honduras has exceeded 2015 total production.
The Cerros del Sur operation continues to make improvements in operations and recovery, along with expanding its ore resources. Mine management has secured additional mineable properties on its concession and several adjacent landowners have now placed the surface rights of their lands under contract with the mine. Though coming into the rainy season, we still expect to show a gain over 2015 production, marking the best year in the mine's history. The recovery rate for gold has averaged 1.69 grams per ton through August 2016.
The Cerros del Sur operation operates as a subsidiary of Clavo Rico Ltd., itself a wholly-owned subsidiary of the Company, having positive revenue and significant resources. Its mining concessions include several historical underground operations dating back to the early Spanish occupation. The operating entity is engaged in processing a historical tailings body of less than two grams per ton, along with several open pit ore bodies of three to six grams per ton, utilizing a new 650,000-ton membrane lined leach system and ADR recovery plant.
About Inception Mining Inc.
We are a minerals resource company engaged in the acquisition, exploration, and development of primarily gold related properties. Our primary target properties are those that have been the subject of historical exploration having significant supporting data.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.
Inception Mining Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.
SOURCE: Inception Mining Inc.
(OTC QB: IMII)
5330 South 900 East, Suite 280
Salt Lake City, Utah 84117