Calissio Resources Inc. (OTC/PINKS: CRGP) is a mining company focused on achieving full production capacity of its copper resource on its Jovita mining property and the acquisition of other properties.
Calissio has been focusing its efforts on the acquisition and development of base metals projects in Mexico that is 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.
MARKET TIER: OTC MARKETS/PINKS STOCK SYMBOL: CRGP
CUSIP NUMBER: 02311N 109
Shares outstanding: 242,823,237 (As of 8/11/2015)
comprised of: Restricted shares: 102,280,577
Free Trading shares:140,542,660
Par Value: $0.001 Authorized: 3,475,000,000 & 25,000,000 (As of 8/25/2015)
Year end: Dec 31
Adam Carter: President/Secretary/Director: Based originally in Southern Australia, Mr. Carter has acquired more than 9 years experience in the field of industrial equipment sales, leasing and supply as an agent servicing primarily the mining sector. Mr. Carter has consequently developed many contacts and business relationships worldwide and has also acted as a consultant facilitating the completion of various mining transactions during this time. Prior to his current focus, Mr. Carter began his involvement in the mining industry and spent more than 6 years working as a contracted staker, prospector and ground work specialist. In addition, Mr. Carter has been an active investor in primarily mining and resource-based companies around the world.
Alberto Navarro: Treasurer/Director: Over the past 7 years, Mr. Navarro has been a contractor in the South American mining industry specializing as a project planner and logistics coordinator. Through his travels and working relationships in this role, Mr. Navarro has gained an intimate knowledge of all aspects of the mining business from exploration to production. Previous to his mining industry experience, Mr. Navarro began his career in Central Chile as an operations research consultant and project planner within the forestry and construction industries for more than 6 years. Additionally, Mr. Navarro's responsibilities in this role included accounting and administrative support in the generation of IAS/GAAP compliant financial reports.
The Management of CRGP is currently utilizing qualified consultants for various professional services and is currently in the process of adding more Directors and Staff to the Company in the near future. Jovita Property Location
The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan. The current production capacity of the mine is 40 tons per day (TPD) and is projected to be producing 1,000 TPD within less than two years or by the end of 2014. The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers. Michoacan is a historic mining region in Western Mexico with a large deep-sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets.
Jovita property is 250 hectares Located in the municipality of Vialla Madero, Michoacan and 150 meters east of the town La Carpinteria. Coordinates (UTM) 02,56,719 East and 21,32,971 North, and only 47 km from the city of Morelia Michoacan. The main access to the property is from highway number 14 that comes from Morelia, Michoacan going to Patzcuaro, Michoacan.
Mining operations are currently ongoing and are processing 40 tons per day (TPD) on Calissio's 250 hectare concession.
The soon to be upgraded mining operations will have a capacity of 150 yards per hour and a theoretical daily capacity, with maintenance time to throh-put of 1,500 cubic yards or 2,000 TPD based on a 10 hour operating day. For the short term from now to June 30 2013 operations will run at 500 TPD and then for the medium term between June 30, 2014 and December 31, 2014 term Calissio Resources has planned production of 1,000 TPD. After 2014 Calissio will increase production capacity to theoretical capacity levels of 2,000 TPD and further expand production capacity in 2015 and beyond the expanded operation of 500TPD can be up and running within 60-90 days from the existing 40 TPD operation. A total mining production staff of 12 will operate in two separate shifts of six crew members working a 12 hour shift.
The Jovita Mine and immediately surrounding area has the following resource estimate:
- Non 43-101 compliant based upon management testing
Inclusive of pending mining claims to increase Jovita property footprint from it current 250 hectares to 2,800 hectares (approx.)
45 million tonnes of ore
Average grade of 0.80 lbs per tonne (cut-off grade of 0.2 lbs per tonne)
36,000,000 tonnes or 792,000,000 lbs. Cu.
Contract processing ore purchasing
- CRGP to purchase high grade ore from regional artisan mines
Minimum grade of 2% per tonne
Average cost per lb. Cu is $1
CRGP has contract agreements in place to secure high grade feedstock
The initial 250 hectare parcel is currently viewed to contain the following assumptions:
- 70,875,000 lbs of copper concentrate for every 250 hectares
Net revenue per 250 hectares sector of approximately $3.20-$1.10=2.10 *70,875,000= $141,750,000 USD