Inception Mining Inc. Announces Completion of Ore Shipment From Its 2014 Bulk Sampling Program From Its U.P. and Burlington Mining Properties
SALT LAKE CITY, Oct. 27, 2014 (GLOBE NEWSWIRE) -- Inception Mining Inc. (OTCQB:IMII) ("Inception" or the "Company") is pleased to announce the completion of the shipment of ore from its U.P. and Burlington mine bulk sampling program. Ore has been delivered to the Company's contract mill and is awaiting processing, which is scheduled for mid-October. Michael Ahlin, the Company's CEO, stated, "We have now completed all planned 2014 bulk sampling work. If weather permits, we may be able extract additional ore related to the bulk sampling program that we have processed this season, which, in turn, might further the confirmation studies and expanded 43-101." The bulk sample will serve to confirm assay and metallurgical testing as well as vein structure, process definition and refinement. Concurrent with the bulk sampling program, which the Company hopes will yield positive revenue, the Company will continue its assay work on the exposed structure and has reopened one existing adit reportedly 1200' in length, allowing entry and sampling. With the results of the processing and assay, the Company intends to expand its 43-101 Report to a compliant reserve analysis supporting the original technical analysis of several hundred thousand ounces of recoverable gold.
U.P. and Burlington is a historically proven operation with a surface exposed vein of high-grade ore, which allowed immediate access with minimal overburden removal. Inception intends to extract ore from the surface operation concurrent with a near future underground operation.
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.
Forward-Looking Statements
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.
Contact
5320 South, 900 E. Suite 260
Salt Lake City, Utah 84107
Michael Ahlin, CEO
(801) 312-8113 Ext. 102