Inca One Produces 1,987 Oz of Gold in August 2019
Vancouver, September 18, 2019 - Inca One Gold Corp. (TSXV: IO) (FSE: SU91) (SSEV: IOCL) ("Inca One" or the "Company") announces consolidated gold production and deliveries for August 2019 from its Chala One Plant ("Chala One") and Koricancha Plant ("Kori One"). All comparative year over year ("YOY") production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100% basis and includes Kori One from August 21, 2018.
Inca One reports that gold production this past August 2019 increased 9% YOY producing 1,987 ounces of gold, as compared to 1,815 ounces in August 2018. On a month over month ("MOM") basis gold production decreased 8% from the prior month of July 2019 (2,153 oz).
Deliveries for August 2019 increased significantly, up 47% YOY with 4,651 tonnes of gold bearing material delivered to both the Chala One and the Kori One plants. Deliveries also picked up 16% on a MOM basis July 2019 (4,022 tonnes).
Throughput in August 2019 reached 4,129 tonnes, as compared to 3,720 tonnes in August 2018, an increase of 11% YOY. Throughput also climbed 2% MOM, averaging 133 tonnes per day ("tpd") in August as compared to July 2019 (131 tpd).
| Consolidated Operations | August 2019 | August 2018 | YOY Variance |
| Deliveries: | 4,651 tonnes | 3,160 tonnes | 47% |
| Throughput: | 4,129 tonnes | 3,720 tonnes | 11% |
| Gold Produced: | 1,987 ounces | 1,815 ounces | 9% |
Edward Kelly, President and CEO, commented, "I am pleased to additionally report that consolidated gold production year to date is up over 60% with four more months for our team to continue to execute and deliver on this current performance."
About Inca One
Inca One is a Canadian based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered, small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.
On behalf of the Board,
Edward Kelly
President and CEO
INCA ONE GOLD CORP.
For More Information Contact:
Konstantine Tsakumis
Inca One Gold Corp.
ktsakumis@incaone.com
604-568-4877
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Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Inca One believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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