Business
Mining Minerals of Mexico announces Production Update
Mining Minerals of Mexico announces Production Update.
About this update from Innovest Global Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nMining Minerals of Mexico announces Production Update\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nMining Minerals of Mexico announces Production Update\n\nPR Newswire\n\nSANTA MARGARITA, Calif., May 23, 2013\n\n\n\n\n\n\n\nSANTA MARGARITA, Calif., May 23, 2013 /PRNewswire/ -- Mining, Minerals of Mexico, Corp. (OTC: WIIM)(\"MMM\"), is pleased to announce an update on its gold producing 'Gallo de Oro Property' (\"Gallo\"), located in Tecuala, Nayarit, Mexico.\n\n\nIn July 2012, the Company accumulated a beginning stockpile of approximately 18,000 tons of ore from the Gallo property which is being prepared for custom milling and processing. Surface and stockpile grab samples, along with several diamond drill samples taken at a depth of approximately 30 feet, resulted in excellent assays and results from floatation engineering.\n\n\nMMM has started additional testing and processing of ore and tailings from the Gallo Property, prior to a core drill analysis of the deposit. This will be used in conjunction with that future drill data, to provide a more complete understanding of the total value. \n\n\nPhase one of these surface evaluations has been completed and a preliminary production site chosen for custom ore processing. The initial stage of property access road pioneering has been completed to allow excellent access to the property. Additionally, the placement of road base materials has been initiated in preparation for the \"rainy season\". Proper planning and infrastructure buildup should reduce the downtime on production.\n\n\nFor preliminary production testing at the mill facility, sub-contractors have been hired on a contract basis for trucking, tractors, laboratories, geologists, onsite labor, engineering and consultants. \n\n\nMMM is planning a structured expansion, based on production and revenue, to assimilate these categories into the workings of our Mexican operations. \n\n\nThis news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 19...