VANCOUVER, Nov. 9, 2017 /CNW/ - INCA ONE GOLD CORP. (TSXV: IO, Frankfurt: SU9.F, SSEV: IOCL) ("Inca One" or the "Company") is pleased to report gold production for the three months ending October 31, 2017 more than doubled from the same period last year, reaching 2,921 ounces, an increase of 124% year-over-year ("YOY") and an increase of 17% from the prior three months ending July 31, 2017.
During the three months ending October 31, 2017, the Company achieved an average throughput of 69 tonnes per day ("tpd"), an increase of 107% from the same period last year and an increase of 9% from the prior three months ending July 31, 2017. Over August, September and October 2017, the Company processed approximately 6,358 tonnes of gold bearing material including tailings, compared to 3,070 tonnes YOY, (an increase of 107%).
|
Production |
August |
September |
October |
Totals |
YOY change |
|
Gold produced (oz) |
928 |
889 |
1,104 |
2,921 |
124% |
|
Throughput (tpd) |
66 |
59 |
82 |
69 |
107% |
|
Deliveries (tonnes) |
2,139 |
2,050 |
1,900 |
6,089 |
31% |
|
Production (tonnes) |
2,032 |
1,769 |
2,557 |
6,358 |
107% |
Inca One's supply of gold bearing material for processing also increased steadily when compared on a YOY basis. Mineral received during the three months ending, October 2017 was 6,089 tonnes, an increase of 31% YOY. When compared to the prior three months ending July 31, 2017 deliveries were slightly higher, increasing by 2%.
Inca One President and CEO, Edward Kelly stated, "I am extremely pleased with yet another consistent period from our operations team at Chala One. These three months were one of our most productive on record and I anticipate further increases in future gold production by sourcing higher-grade and higher margin material."
About Inca One
Inca One is a Canadian-based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government registered small-scale mining producers from various regions and processes it at its Chala One milling facility located in Chala, Southern Peru.
