INCA
ONE TO LAUNCH XPLORTRACKER AS PART OF NEW INITIVATE TO EXPAND GOLD
PRODUCTION CAPACITY AT ITS PROCESSING FACILITIES IN
PERU
VANCOUVER, BC – July 7, 2020 --
InvestorsHub NewsWire -- INCA ONE GOLD CORP. (TSXV:IO) (OTC:INCAF) (Frankfurt:SU9.F)
(“Inca One” or the “Company”) a gold producer operating two fully permitted,
mineral processing facilities in Peru, is
pleased to announce it has launched a new project named
XplorTracker (“Xplor”) aimed at advancing its mineral buying and
securing future supplies of gold bearing mineral for
processing.
Drawing on the prior 6 years of actively testing
and buying mineral consisting of more than 20,000 samples from
across the country, Inca One has accumulated an extensive database
of samples from gold bearing mineral, including grade, type,
quality and concession coordinates. Furthermore, through
positive and transparent business ethics and by employing best
practices, Inca One has built extensive relationships with the
Artisanal and Small-Scale Miners (“ASM”) enabling the
‘mapping’ of these mines throughout Peru. Through systematic
analysis and plotting of data within Xplor, the Company will look
to engage further with titleholders to create additional and
mutually beneficial business arrangements.
In the first phase of this project, Inca One will
look to secure mineral rights for district-scale land positions
within the Peruvian Gold Belts (PGB) by analyzing the results from
the ASM that are actively mining gold and currently bringing their
mineral to either the Kori One or Chala One plants. Peru is
famous for these Gold Belts and the three dominant Gold Belts that
contribute to Peru’s gold production stretch from over a few
hundred kilometres in length up to 1,700 km. Peru has been
actively mining for several centuries, is the largest Latin
American gold producer and was ranked the 6th largest gold producer
in the world for 2018. Once these land positions are secured by
Inca One, the Company will carry out limited exploration programs
to determine suitable projects that can be optioned out for future
work programs and ultimately define economic gold resources on
these gold properties.
The Company’s objective with this program is to
deploy strategies that will allow for the direct purchase,
investment, or other partnership arrangements to help advance these
mining projects or concessions. Additional opportunities for
Inca One may be to act as a facilitator assisting in the
formalization of miners or titleholders and their environmental
improvements and geological information. The end goal with
Xplor will be to guarantee additional future supplies of mineral to
Inca One processing facilities fueling the Company’s
growth.
"It has been just over 6 years since we officially
transitioned from an exploration stage company and entered the gold
mineral processing business, building our brand as the ASM gold
mineral processor of choice in Peru,” commented Edward Kelly,
President and CEO of Inca One. We believe the time is right
to launch the XplorTracker gold project and realize a Company
initiative by filling our remaining excess capacity through the
acquisition of these concessions and securing long-term gold
mineral feed for both Inca One plants.”
About Inca One
Inca One Gold Corp is a TSXV listed, gold producer
operating two, fully permitted, gold mineral processing facilities
in Peru. The Company produced nearly 25,000 ounces of gold from its
operations in 2019 and has generated over US$100 million in revenue
over the last five years. Inca One, now in its sixth year of
commercial production, is led by an experienced and capable
management team that has established the Company as a trusted
leader in servicing government permitted, small scale miners in
Peru. Peru is the world’s sixth-largest producer of gold and its
small-scale mining sector is estimated by government officials to
be valued in the billions of dollars annually. Inca One possesses a
combined 450 tonnes per day permitted operating capacity at its two
fully integrated plants, Chala One and Kori One, and is targeting a
fourth consecutive year of increased production and sales
growth. To learn more visit www.incaone.com.
Figure 1. Inca One’s gold processing facilities in
Peru (left: Chala One facility; right: Kori One
facility)
On
behalf of the Board,
Edward Kelly
President and CEO
INCA
ONE GOLD CORP.
For
More Information Contact:
Konstantine Tsakumis
Inca One Gold
Corp.
ktsakumis@incaone.com
604-568-4877
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Statements regarding the Company which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. Such information can generally be
identified by the use of forwarding-looking wording such as "may",
"expect", "estimate", "anticipate", "intend", "believe" and
"continue" or the negative thereof or similar variations.
Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ
materially from those currently anticipated in such statements due
to factors such as: (i) fluctuation of mineral prices; (ii) a
change in market conditions; and (iii) the fact that future
operational results may not be accurately predicted based on this
limited information to date. Except as required by law, the
Company does not intend to update any changes to such
statements. Inca One believes the expectations reflected in
those forward-looking statements are reasonable but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included herein should not be
unduly relied upon.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such
state.
