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Inca One produces 2,297 oz of gold in January 2019

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Inca One produces 2,297 oz of gold in January 2019

 

 

 

 

 

INCA ONE GOLD CORP. (TSX-V: IO) (Frankfurt: SU9.F) (SSEV: IOCL) is pleased to announce consolidated gold production for January 2019 from its Chala One Plant  and Koricancha Plant. All comparative year over year production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100% basis and includes Kori One from August 21st 2018.

 

The Company’s gold production increased 178% YOY this past January 2019 as it reached 2,297 ounces as compared to 825 ounces in January 2018.

 

Material processed in January reached 4,878 tonnes, as compared to 1,492 tonnes in January 2018, an increase of  227% YOY. Throughput in December averaged a combined 157 tonnes per day.

 

Deliveries in January totaled 4,499 tonnes, an increase of 287% YOY from January’s 2018 total of 1,163 tonnes.

 

 

January 2019 Operations      
Year over Year 2019 2018 YOY Variance
Deliveries: 4,499 tonnes 1,163 tonnes 287%
Production: 4,878 tonnes 1,492 tonnes 227%
Throughput: 157 tpd 48 tpd 227%
Gold Produced: 2,297 ounces  825 ounces 178%

 

 

Driving the Company’s January growth was the addition of Kori One and organic growth of deliveries to Chala One which increased by 103% YOY. The improvements at Chala One are significant as the slowest production time of the year for the small-scale mining sector is during the first quarter due to the rainy season.

 

Edward Kelly, President, and CEO commented, “I am pleased the Company’s operations continue to progress consistently as we realized increases across the spectrum from our yearly 2018 averages in terms of production, throughput and deliveries. We have entered calendar 2019 on a strong note and look forward to our most productive year yet.”

 

About Inca One

 

Inca One is a Canadian-based mineral processing company. The Company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.

 

 

Posted February 14, 2019

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