SALT LAKE CITY, Aug. 28, 2014 (GLOBE NEWSWIRE) -- INCEPTION MINING INC. (OTCQB:IMII) ("Inception" or the "Company") is pleased to announce completion of Phase I operations at its UP and Burlington Mine.
The Company is pleased to announce the substantial completion of all necessary roadways, access, portal development, and the initial extraction of ore for its bulk sampling program. Michael Ahlin, the Company's CEO stated that" field operations were commenced as planned and that work has progressed better than expected, thanks to the tremendous efforts of our team and site subcontractor. We have now developed all onsite and offsite roadways, uncovered the ore body for a significant length and began initial extraction and stockpiling of ore." The company intends to classify and stockpile sufficient ore in preparation for shipment next month to our contract processing facility. Concurrent with the bulk sampling which hopefully will yield positive revenue, the company will continue its assay work on the exposed structure and proposes to reopen two existing adits allowing entry and sampling. With the results of the processing and assay work, we intend to expand our 43-101 report to a compliant reserve analysis supporting our original technical analysis of several hundred thousand ounces of recoverable gold.
The UP and Burlington is a historically proven operation with a surface exposed vein of high-grade ore, that allowed immediate access with minimal overburden removal. The Company intends to extract significant ore from the surface operation concurrent with a near future underground operation.
About Inception Mining Inc.
We are a 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 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.