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Assays encourage rich ore from Angostura project.

Assays encourage rich ore from Angostura project. | Winn Financial | Scoop.it
Arequipa, Peru - 30th May, 2013

Inca Peruvian Mining, Ltd. is pleased to report that recent assays taken from a tunnel below one of the 4 narrow veins at the Angostura project have returned showing an even higher grade than the samples taken previously.

Visually the ore from this part of the vein looks darker and generally richer. The results were mixed ranging from 12 grams per ton to as high as 120 grams per ton.

Although previous assays had returned similar high results, none have been as high as 120 grams per ton.

These results are very promising for the company, the revenue forecasts had been calculated on 7 grams per ton mineral. If revenue is achieved at an average of 14 grams per ton, in our first year as a listed company, revenue would be up by over 100%.

Miners are continuing operations at the Angostura project and ore is being stockpiled in preparation for the processing plant to come online.

About Inca Peruvian Mining, Ltd.
Inca Peruvian Mining Ltd. is a South American mining company that specializes in gold, silver and copper mines with the intention to invest through joint venture contracts and seek out niche markets that focuses on low risk, with immediate cash flow.

Winnfin's insight:

excellent news for this young mining company

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Winnfin's comment, August 22, 2013 12:37 PM
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