SALT LAKE CITY, UT--(Marketwired - Sep 26, 2016) - INCEPTION MINING INC. (OTCQB: IMII) ("Inception" or the "Company") announced today that it has engaged Precision GeoSolutions LLC to complete a mineral resource estimate and NI 43-101 technical report for its Cerros del Sur operation in Honduras, the principal operation of the Company's wholly-owned subsidiary, Clavo Rico Ltd.
The Company, through its subsidiaries, embarked on a drilling program to investigate the properties following a merger with Clavo Rico Ltd. in October 2015. The results indicate a sulfide-based ore body, overlaid by an oxide ore zone. Significant resource data is available, including analytical results for over 70 drill cores and numerous surface samples. Analysis of newly-drilled cores is also in-progress for assimilation into the 43-101 report.
Precision GeoSolutions LLC is a geologic consulting firm headed by J. Brian Mahoney, Ph.D. Dr. Mahoney has extensive academic and industry experience -- more than 25 years -- in geologic mapping, stratigraphic and structural analyses, and mineral exploration in the western United States, Canada, Mexico, Argentina, and Ethiopia. Dr. Mahoney will use his experience to provide a detailed geologic analysis and resource evaluation of the Clavo Rico project.
Michael Ahlin, the Company's CEO, stated, "The Clavo Rico operation is in full production and operating pro forma. Review of resource data shows that the completion of the 43-101 resource estimate is the next crucial step to our overall valuation."
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's 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 or future events, except as required by applicable securities legislation.