Woodland Hills, CA, Dec. 3, 2012 (GLOBE NEWSWIRE) -- ABOT Mining (Pink Sheets: ABOT.pk) is pleased to announce that the production trial run of 150 tons of silver tailings and grounded ore left from previous production on its Pueblo Project in Sinaloa, Mexico is moving as planned.
The cyanide solution and water tanks are expected to arrive at the production site by end of this week. Precipitation of metals is expected to begin soon after and adsorption of metals from tailings/grounded ore may continue for at least seven (7) additional days in order to improve the recovery rate. Our Mexican Operating/JV Partner intends to pile up enough silver and gold bearing concentrates so that it becomes economically viable to smelt/refine these concentrates into bars of doré bullion.
The Company has also provided the balance of funding to its Mexican Operating/JV Partner in addition to the advance money paid earlier for the mobilization of the Pueblo Project.
As reported earlier, in addition to Pueblo Project, the Company also intends to purchase and process gold ore stockpile, which is located within 5 miles radius of its Aztlan 8B Project.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Woodland Hills, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
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Forward-Looking Statement
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.