Oct 28 2014
INCEPTION MINING INC. is pleased to announce the completion of the shipment of ore from its U.P. and Burlington mine bulk sampling program. Ore has been delivered to the Company's contract mill and is awaiting processing, which is scheduled for mid-October.
Michael Ahlin, the Company's CEO, stated, "We have now completed all planned 2014 bulk sampling work. If weather permits, we may be able extract additional ore related to the bulk sampling program that we have processed this season, which, in turn, might further the confirmation studies and expanded 43-101." The bulk sample will serve to confirm assay and metallurgical testing as well as vein structure, process definition and refinement. Concurrent with the bulk sampling program, which the Company hopes will yield positive revenue, the Company will continue its assay work on the exposed structure and has reopened one existing adit reportedly 1200' in length, allowing entry and sampling. With the results of the processing and assay, the Company intends to expand its 43-101 Report to a compliant reserve analysis supporting the original technical analysis of several hundred thousand ounces of recoverable gold.
U.P. 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.