Business
ABOT Mining Announces the Production of the First Gold Doré Bar from Concentrates at its Silver Tailings Project and Provides Project Update
ABOT Mining Announces the Production of the First Gold Doré Bar from Concentrates at its Silver Tailings Project and Provides Project Update.
About this update from Scoobeez Global Inc
[{"type":"text","content":"ABOT Mining (Pink\nSheets: ABOT.pk) is pleased to announce that the production of approximately\n5.65 kg of concentrates and its first doré bar from its Silver Tailings\nProject. \n\n \n\nApproximately 225\ntons of tailings were loaded for processing in this first trial run. Some of\nthe equipment were custom built and took extra time for completion and commissioning,\nwhich caused the unexpected delay in our first production trial run. The doré\nbar(s) have been sent for refining in order to validate pyrometallurgical\nprotocols and to achieve required refinery specifications for future production.\n\n\n \n\nThis modest\nproduction represents a key milestone for the Company as the first production\nline has started with the low-grade tailings material. Furthermore, the Company\nis in final negotiations to acquire interest in a gold property in the region\nof El Rosario, Mexico. The Company expects to improve its production recovery\nby replacing its low grade tailings with higher grade ore from the El Rosario\nproperty. The Company expects to provide details of this acquisition and results\nfrom future production runs in the near future.\n\n \n\nAbout the Company\n\nABOT is a US based\nmining company engaged in discovering, acquiring, developing, producing, and\nmarketing precious and semi-precious metal properties and is currently\nheadquartered in Woodland Hills, California. ABOT plans to create long term\nshareholder value by implementing an aggressive exploration program, making new\nprecious metals discoveries and developing mining properties with long-life and\nlow cost operation. \n\n \n\n‘Follow’\nus on Twitter and ‘Like’ ABOT on Facebook\n\n \n\nForward-Looking Statement\n\nAny statements made\nin this press release which are not historical facts contain certain\nforward-looking statements; as such term is defined in the Private Security\nLitigation Reform Act of 1995, concerning potential developments affecting the\nbusiness, prospects, financial condition and other aspects of the company to\nwhich this release pertains. The actual results of the specific items described\nin this release, and the company’s operations generally, may differ materially\nfrom what is projected in such forward-looking statements. Although such\nstatements are based upon ...