SALT LAKE CITY, Feb. 19, 2014 (GLOBE NEWSWIRE) -- Inception Mining Inc. (OTC QB:IMII) ("Inception" or the "Company") is pleased to announce the results of confirmative metallurgical tests conducted on ore samples from the Company's two patented mining claims, the U.P. and Burlington claims, located near Salmon, Idaho.
Earlier and preliminary metallurgy testing on lower grade bulk ore samples indicated that the ore was readily amenable to all three processing methods evaluated (gravity, flotation and cyanidation). The results of these initial tests indicated positive gold and silver recoverability and were based on a lower grade sample. A second round of metallurgical testing was recently completed on higher grade bulk ore samples of vein material from the U.P. and Burlington Property. The recent testing on higher grade samples confirms the favorable metallurgy. Brian T. Brewer, the Company's COO and a Certified Professional Geologist (#11508) and Qualified Person under NI 43-101 ("NI 43-101″) was responsible for preparing and reviewing the data, as provided by the independent laboratory McClelland Labs in Reno, Nevada.
The recent metallurgical testing confirms that the bulk ore samples from the U.P. and Burlington Property is readily amenable to cleaner flotation processing, which is the preferred recovery method of Inception and the available processing method from toll mills located in the region. With the recent metallurgical testing, Inception has confirmed favorable recoveries on lower grade, medium grade and higher grade vein material from the UP and Burlington Property. These tests were conducted on bulk samples of up to 105 pounds each with individual assay results of up to 1.44 oz/ton Au. Associated head-grades from these samples range from 0.149 oz/ton Au to 0.418 oz/ton Au. The average recoveries on all of the UP and Burlington bulk ore samples utilizing cleaner flotation processing was 94.6% for gold (Au) and 72.2% for silver (Ag). According to Mr. Brewer, this is a significant indication of very favorable metallurgy which we believe further adds to the positive feasibility of the U.P. and Burlington Property. A final report from McClelland Labs is pending which will also include results from gravity concentration and direct agitated cyanidation testing.
About Inception Mining Inc.
We are a minerals resource company engaged in the acquisition, exploration, and development of primarily gold related mineral properties. Our primary target properties are those that have been the subject of historical exploration having significant supporting data. The Company is currently assessing additional potential acquisitions, but will continue to focus the majority of its efforts on bringing the U.P. and Burlington mining claims to production in the next season. Mine access and improved road permits necessary for bulk sampling at the U.P. and Burlington mining claims are awaiting bond submittal and final signatures, which are expected in the first Quarter of 2014. The Company intends to commence extensive resource delineation / confirmation programs upon snow melt possibly as early as May 2014, which would be designed to provide early revenue and expand the current NI 43-101 Technical Analysis to a full Reserve Confirmation. This program would consist of further bulk sampling, geological mapping (underground and surface), rehabilitation of the historical workings, a drilling program and testing of newly identified targets. Historical reports as well as numerous recent assay results, indicate ore grades exceeding 0.5 oz/ton Gold (Au) and that recoverable amounts of Silver (Ag) are contained in the exposed veins.
Please feel free to review the Company's previous Press Releases, its website at http://inceptionmining.com/, the Company's filings with the Securities and Exchange Commission for further details, or contact Inception Mining Inc. info@inceptionming.com.
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.