ABOT News .006 ABOT Mining provides production cos

ABOT News .006 ABOT Mining provides production costs estimate for producing gold at Aztlan 8B in the Tecuala Mining District in Nayarit, Mexico

2012-06-12 08:00 ET - News Release

SHERMAN OAKS, Calif., June 12, 2012 /PRNewswire/ -- ABOT Mining (Pink Sheets: ABOT.pk) is pleased to provide preliminary assessment on its estimated production costs for producing gold at Aztlan 8 B Property in the province of Nayarit, Mexico, which is located in the highly mineralized area known as the Tecuala Mining District.

Company's operating partner has estimated production cost, at site level, per unit of production output to be up to $88.00 per ton including but not limited to cost associated with mining, transportation, milling & floatation and site administration. This cost does not include royalties, non-cash costs, corporate expenses, value addition of by-products, etc.

As previously stated, past surface trench testing by others on Aztlan 8B has revealed deposits of placer and epithermal gold deposits, where overall bulk sample feed grade ranged from 0.20 g/ton to 39.00 g/ton. Consequently, the cost estimate suggests that gold can be mined economically at the current gold prices and with average feed grade of 2 g/ton of Au and above.