Calissio Resources Group Inc (CRGP)

[nicholi42]

AMMG-LAS VEGAS, March 24, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., is pleased to provide an update on its operational achievements to date and how this will direct future strategy. In only ten months since May 2013, Amarium has successfully rolled out a fully integrated strategic plan that has taken the Company to generating production revenue for two consecutive quarters. From our inception as a mining company last year to the current date, we have secured financing, acquired two historical producing copper properties, executed a copper streaming agreement, shipped copper ore to the purchaser, secured sources of additional ore feedstock, made key appointments to the Board of Directors, exponentially increased production capacity and initiated a new exploration and development program to further prove our copper ore resource.
Presently, our Jovita mine is continuing through the last 21 days of the 45 day test run at a constant daily throughput of 200 tonnes with the copper ore grade recovery averaging at 2%. Our objective now, is to obtain further efficiencies at this level before we further increase production in the third quarter with the ultimate target of reaching 500 tonnes per day by December of this year.
The exploration program that commenced on February 20 at our San Pedro Mill property is now 30 days into a scheduled 90 day program. Initial results are indicating that there may be a sufficient copper resource to provide the required ore material to increase the existing 20 tpd to 200 tpd prior to the end of 2014.
As Amarium is now preparing for mining operations to be running 700 tons combined daily throughput from both the Jovita and San Pedro Mines by the end of 2014, the Company has decided to fully direct all of its energy to the attainment of this immediate target. This will lead into further attaining the goal of 1,000 tpd combined by early 2015. For this reason, the negotiations that were ongoing since December 5, 2013 for the acquisition of a Gold and Silver Property have been suspended at least until the middle of 2015.
Adam Carter, President and CEO of Amarium, expressed "the Company is fully committed and on schedule to achieve its 2014 year end and early 2015 production throughput targets of 700 and 1,000 tpd respectively. As these goals are achieved and we have a proven foundation for our primary business, we will then consider further and diverse acquisitions from our position of strength."
Amarium is focused on the acquisition and development of base metals projects in Mexico that are 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
For additional information, please visit: http://www.amariumminerals.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters.
Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
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Amarium Technologies Inc.
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SOURCE Amarium Technologies Inc.