Record Gold Production Continues

Inca One Gold produces 2,693 oz Au in October

2018-11-22 08:48 ET - News Release

Mr. Konstantine Tsakumis reports
INCA ONE GOLD PRODUCES 2,693 OUNCES OF GOLD IN OCTOBER 2018

Inca One Gold Corp. has provided the consolidated gold production for October, 2018, from its Chala One plant and its recently acquired Koricancha plant. All comparative year-over-year (YOY) production numbers relate only to Chala One in 2017. Consolidated production in 2018 is on a 100-per-cent basis.

Gold production reached 2,693 ounces as compared with 1,104 ounces in October, 2017, an increase of 144 per cent YOY. Material processed this October also increased on a YOY basis as the combined plants processed 5,467 tonnes of gold-bearing material, an increase of 176 per cent. Throughput in October averaged a combined 176 tonnes per day (TPD).

Deliveries to both plants were steady in October, totalling 5,808 tonnes, an increase of 206 per cent YOY and consistent with the 5,838 tonnes delivered the previous month of September, 2018. Edward Kelly, president and chief executive officer, said: "Year-over-year results continue to be positive as we continue to hit solid production numbers heading into the final months of the year. Inca One is on track to have its most productive year since we first entered commercial production in 2015."

About Inca One Gold Corp.
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 sixth-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 $3-billion (U.S.) annually. The company purchases its minerals from government registered small-scale mining producers from various regions and processes it at its 100-per-cent-owned Chala One and 90-per-cent-owned Kori One milling facilities located in Arequipa, southern Peru.

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