VANCOUVER, Nov. 22, 2018 /CNW/ - INCA ONE GOLD CORP.
(TSXV: IO) (Frankfurt:
SU9.F) (SSEV: IOCL) ("Inca One" or the
"Company") announces consolidated gold production for
October 2018 from its Chala One Plant ("Chala One") and its
recently acquired Koricancha Plant ("Kori One"). All
comparative year over year ("YOY") production numbers relate only
to Chala One in 2017. Consolidated production in 2018 is on a 100%
basis.
Gold production reached 2,693 ounces as compared to 1,104 ounces
in October 2017, an increase of 144%
YOY.
Material processed this October also increased on a YOY basis as
the combined plants processed 5,467 tonnes of gold bearing
material, an increase of 176%. Throughput in October averaged a
combined 176 tonnes per day ("TPD").
Deliveries to both plants were steady in October, totalling
5,808 tonnes, an increase of 206% YOY and consistent with the 5,838
tonnes delivered the previous month of September 2018.
Edward Kelly, President, and CEO
said, "Year over year results continue to be positive as we
continue to hit solid production numbers heading into the final
months of the year. Inca One is on track to have its most
productive year since we first entered commercial production in
2015."
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 100%-owned Chala One and 90%-owned Kori One milling
facilities located in Arequipa, Southern
Peru.
On behalf of the Board,
Edward Kelly,
President and CEO
INCA ONE GOLD CORP.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
Statements regarding the Company which are not historical facts
are "forward-looking statements" that involve risks and
uncertainties. Such information can generally be identified by the
use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the
negative thereof or similar variations. Since forward-looking
statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual
results in each case could differ materially from those currently
anticipated in such statements due to factors such as: (i)
fluctuation of mineral prices; (ii) a change in market conditions;
and (iii) the fact that future operational results may not be
accurately predicted based on this limited information to
date. Except as required by law, the Company does not intend
to update any changes to such statements. Inca One believes
the expectations reflected in those forward-looking statements are
reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state.
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SOURCE Inca One Gold Corp.