SALT LAKE CITY, Sept. 30, 2014 (GLOBE NEWSWIRE) -- INCEPTION MINING INC. (OTCQB:IMII) ("Inception" or the "Company") is pleased to announce the shipment of ore from its U.P. and Burlington patented mining claims ("UP and Burlington").
The Company completed the initial extraction of ore for its bulk sampling program and has begun the shipment of the ore to its contract processor. Michael Ahlin, the Company's CEO, stated that, "Field operations commenced as planned and work has progressed better than expected. We have now completed all of our planned 2014 bulk sampling work, including initial extraction and stockpiling of necessary amounts of ore. Shipments have begun to our contract processor, with completion expected by approximately mid October, in preparation for processing and concentrating."
The bulk sample will serve to confirm assay and metallurgical testing as well as process definition and refinement. Concurrent with the bulk sampling, which hopefully will yield positive revenue, Inception will continue its assay work on the exposed structure and also intends to re-open one existing adit allowing entry and sampling. With the results of the processing and assay work, Inception intends to expand its 43-101 report to a compliant reserve analysis supporting its original technical analysis of several hundred thousand ounces of recoverable gold.
UP and Burlington is a historically proven operation with a surface exposed vein of high-grade ore, which allowed immediate access with minimal overburden removal. Inception intends to extract 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.