$IMII Salt Lake City, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Inception Mining Inc. (OTCQB: IMII) (the “Company”) is pleased to announce the addition of an Honduran subcontractor Equipos, Desarrollos, e Inversiones S. de R.L. (“EDI”) that has already moved onsite and expects a startup of their crushing circuit no later than October 30, 2019. EDI has already begun various operations within the mine site such as road expansion, run-of-mill processing, open-pit maintenance, and tailings removal from the leach pad to the holding pad.
EDI has a successful track record in both iron ore mines as well as precious metals operations, providing a full complement of services. EDI will excavate, haul, and crush ore to the predetermined size. The American-made equipment is of a newer and larger caliber than previously installed and should easily handle the expected 750-1000 TPD (with a crushing capacity to 2000 TPD) of ore required to meet our production requirements. The per ton cost is significantly lower, and the quality equipment and fewer breakdowns should increase recovery percentages with consistent crushing size.
The Company’s CEO, Trent D’Ambrosio, stated,” Awarding the contract to EDI will give the Company the capacity to continue our expansion and increase total tonnage to an expected 230,000 tons annually. This expected increase will exceed the 2017 (90,356.29 tons) and 2018 (91,931.49 tons) rates. and, will provide a more consistent crushing size, with the potential to increase recovery.”