SALT LAKE CITY, Oct. 21, 2015 (GLOBE NEWSWIRE) -- INCEPTION MINING INC. (OTC QB:IMII) (the "Company") is pleased to announce that the August, September, and partial October production of Clavo Rico Ltd. (“Clavo Rico”), the Company’s wholly-owned subsidiary, has exceeded 1500 ounces of gold and 2500 ounces of silver. Production has continued in spite of the heavy rains expected during this time of year, confirming that system modifications are in place and functioning to allow us a continued production as additional CAPEX is devoted to process modifications.
The Company has closed the merger with Clavo Rico and has assumed management control of its principal operation, the Cerros Del Sur operation in Honduras. The Company has participated in management of the mining operation since earlier this year and has helped oversee process changes that have and will help assure continued production.
Michael Ahlin, the Company’s CEO stated, “We are pleased with the management team; they have the proven ability to meet and expand our production goals. We are now implementing necessary oversight and reporting that will ensure our ability to react to possible interruptions in production and to assure reporting as necessary for public company requirements.”
About Inception Mining Inc.
We are 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 press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Inception Mining Inc., to be materially different from the statements made herein. Specifically, 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.