HASBROUCK HEIGHTS, N.J / ACCESSWIRE / March 20, 2014 / All Grade Mining (OTCQB:HYII), a development-stage company focused on the extraction of copper,today provided an update regarding its Plateada Copper Sulfide Project based on recent site work conducted on the property.
The Company would like to first announce that it has received the verification or approval of additional easement manifestations included in the new stake of claim recently filed by All Grade Mining for additional concessions on its Plateada property.
Ambiental Chile, SA, an engineering firm hired by All Grade Mining’s primary consultant, Foreign Commerce Consultative Services, Inc., has also recently completed both the superficial and subterranean topography of the expanded property. The firm has been working closely with Chile’s National Geology and Mining Service, Sernageomin to ensure the safety and optimum mining strategy for its property.
Additionally, Ambiental Chile has conducted sampling of 37 points on All Grade Mining’s Plateada property to determine trajectory and confirm strike lengths of mineralization throughout the property of both oxide and sulfide mineralization with the sulfide portion containing significant silver content and trace amounts of gold. The Company expects to receive the sample results as well as a new calculation of reserve, expansion plan and feasibility study for its Plateada project in mid-April.
CEO of All Grade Mining, Gary Kouletas, stated, “Since All Grade Mining’s recent decision to significantly expand the size of its Plateada project, Ambiental Chile has been working diligently with Sernageomin to ensure the property is mined in the safest, most time and cost-effective manner to maximize production.”
“All Grade Mining is not only pleased with our progress moving toward production of copper sulfide, but are very excited to receive sample results we believe will show that Plateada contains significant trace amounts of gold and silver as well. We expect to receive a full report with new reserve calculations and a feasibility study in the coming weeks and look forward to updating our shareholders again at that time,” continued Mr. Kouletas.
About All Grade Mining, Inc.
All Grade Mining is a development-stage company whose mission is to acquire mining concessions in all phases, all sizes and all minerals. The Company is currently focused on the extraction of copper in South America, primarily in Chile and has established an experienced team of executives and mining professionals to lead its exploration and excavation efforts. For more information please visit: http://www.allgrademining.com/.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise.
Source: All Grade Mining, Inc.