Mar 27 2019
Inception Mining Inc. (the "Company") is pleased to announce that the Company has completed a National Instrument 43-101 Technical Report (the “Technical Report”) that includes an estimate on its Clavo Rico Project (Project) located in El Corpus, Departamento Choluteca, Honduras.
The Technical Report has an effective date of 15 March 2019 and can be found on the Company’s website at http://inceptionmining.com/clavorico/43-101-report/.
Highlights of the Report include:
- Economic mineralization at Clavo Rico is contained in three distinct zones, including an oxide zone, a supergene enrichment zone, and a sulfide zone.
- Data on 96 recent and historic drill holes totaling 6264 meters of drill core yielding 2552 assays together with 827 channel samples collected from historic adits.
- Data on an oxide zone. The oxide zone has been producing since 2015.
- Data on a sulfide zone that was calculated using two different modeling techniques to reflect geologic uncertainties:
- Data of the supergene enrichment zone
- The conceptual geologic model, supported by field mapping, production records and both recent and historic drill programs suggests that significant potential exists to increase the known mineral resource with additional drilling.
Trent D’Ambrosio, Company Chief Executive Officer, remarked:
This Technical Report was two years in the making and we are gratified at the results. We feel that our Clavo Rico project, and the Company as a whole, is a world-class mining operation. The team performed exceptionally well during this time which is a key component to our future ambitions. Their diligent efforts, along with the report, both substantiate our long-held belief about our value and potential to compete on the world stage. We are excited about the direction we are headed and look forward bringing our shareholders further news as it becomes available.”
Qualified Person
The Technical Report was prepared by J. Brian Mahoney, P.Geo., of Precision GeoSolutions, who is considered a "Qualified Person" as defined by NI 43-101. The Technical Report may be found on the Company's website at www.inceptionmining.com.