Inception Mining Announces United States Forest Service Permit Approval
SALT LAKE CITY, June 17, 2013 /PRNewswire/ -- Inception Mining Inc. (OTC BB: IMII) (the "Company"), today announced the receipt of a temporary Road Use Permit for the UP and Burlington patented claims located near Salmon, Idaho.
The UP and Burlington Property is the first in what the Company hopes to be a series of properties to be acquired by the Company. The Company has submitted a Plan of Operations (Plan) to the USFS for construction of an improved access road (approximately 2600 feet). The Company expects to have approval of this Plan by midsummer 2013 with completion of the road shortly after approval is received. This improved access route will allow the Company to implement their extensive resource delineation/confirmation program which is designed and intended to bring the stated historical resource to NI 43-101 compliancy. This program will consist of further bulk sampling for metallurgical purposes, underground geological mapping portal development, and rehabilitation of the historical workings and testing of newly identified targets recognized by recent geological mapping. Historical reports as well as numerous recent assay results, indicate ore grades far exceeding 0.5 oz/ton Gold (Au) and recoverable amounts of Silver (Ag) are contained in the exposed veins and structures. Favorable results from this program will direct the Company to its goal of completion of a small underground mine plan in 2014.
The Company is focused on identifying certain historical mining claims that fit strict parameters of proven recoverable grades of minerals, minimal permitting issues, deeded or protected claims, access, acquisition costs that fit the Company's profile and potential refining needs requiring minimal CAPEX or possible toll processing.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company 's properties, the preparation of one or more NI 43-101 mineral resource reports and a follow-on preliminary economic assessment and the timing thereof, and other future plans, objectives or expectations of the Company. Further information on our risk factors is contained in our quarterly and annual reports as filed with the U.S. Securities and Exchange Commission.
Cameron Donahue, Hayden IR
SOURCE Inception Mining Inc.