A reminder......
HACKENSACK, N.J. / ACCESSWIRE / April 25, 2014 / All Grade Mining (OTCQB: HYII), a development-stage company focused on the extraction of copper, today announced that the Company has received the final report of a geological survey and reserve estimate for its Plateada Copper Project in Chile.
The full 48 page report can be found in this morning’s 8K filing from the Company and was completed by Ambiental Chile SA, an engineering firm hired by All Grade Mining’s primary consultant, Foreign Commerce Consultative Services, Inc.
The report confirms that the Company’s Plateada property contains higher than expected traces of gold and silver as well as commercial grade copper oxide. Earlier this month, All Grade Mining announced that recent sample results confirmed by this report have led the Company to project that its Plateada Copper Sulfide Project will produce 45,000 tons of total mineral concentrate during its first year of operation, which would generate $3.87 million in revenue.
"We are pleased to receive the final geological survey and resource estimates for All Grade Mining’s Plateada property. These confirm recent positive samples results that have led to an increase in our production and revenue projections and will provide Foreign Commerce led by Tony Alvarez and the rest of our consulting team with the tools to successfully take the next step toward production on this copper project,” stated Gary Kouletas, All Grade Mining’s CEO.
“All Grade Mining is now primarily focused on meeting our SEC reporting requirements and positioning the Company for future growth,” added Mr. Kouletas.
