LAS VEGAS, Jan. 27, 2015 /PRNewswire/ --Calissio Resources Group Inc. (OTC: CRGP) is pleased to announce the completion of property upgrades at its El Desvan Cobre property, and will begin to increase the Company's existing ore extraction program.
The upgrades at El Desvan included improvements to a main access road, and the addition of two staging points, allowing for heavier equipment access to the mine and a reduction to the ongoing wear of the existing infrastructure on the property. Calissio will now increase its existing ore extraction program at El Desvan from 200 tons per day (tpd) to 350 tpd.
Mine site improvements to allow for increased production capacity and extraction of higher grade ore are expected to keep Calissio's operating margins strong to mitigate the drop in the price of copper.
"We have completed the required enhancements to the El Desvan Cobre property, that included access roads and staging points, to facilitate an expanded ore extraction program" said Adam Carter, the President & CEO of Calissio Resources Group.
"We are anticipating a significant increase in productive capacity at both of our production facilities, so it was essential that we made the appropriate upgrades at the mine to ensure access to the high grade ore at El Desvan. We plan to use this window as an opportunity to supply additional ore for immediate processing at both San Pedro and La Jovita."
President & CEO
Calissio Resources Group Inc.
Calissio Resources Group Inc., focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
For additional information, please visit: http://www.calissioresources.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Calissio Resources Group, Inc.'s current expectations and projections about future events, based on information currently available.
The forward-looking statements found in this press release may also include statements relating to Calissio Resources Group, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Calissio Resources Group, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Calissio Resources Group, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Calissio Resources Group Inc.
SOURCE Calissio Resources Group Inc.