WOODLAND HILLS, Calif., Jan. 3, 2013 /PRNewswire/ -- ABOT Mining (Pink Sheets : ABOT.pk ) is pleased to announce that the precipitation of gold and silver from the trial run of 150 tons of silver tailings and grounded ore shall continue for the next few days. Our Mexican Operating/JV Partner expects to smelt/refine the concentrate from this trial run into bars of dore bullion by the second to third week of this month.
Minor maintenance work is in progresses that include but not limited to repair of PVC valves on the supply lines to the recovery system, installation of vacuum pump and scheduled maintenance works on water pump and two generators for the recovery system.
We further plan to bring additional silver tailings and grounded ore for production by the end of this month and increase our throughput from 150 tons to up to 600 tons per month of silver tailings and grounded ore.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Woodland Hills, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Imran Firoz, President
Abot Mining Co.
6303 Owensmouth Avenue | 10th Floor
Woodland Hills | CA 91367
T: +1 818.302.0100
SOURCE ABOT Mining