Business
Para Provides Update on January 2018 Production at El Limon Mine
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Para Resources Inc.  (...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Provides Update on January 2018 Production at El Limon MineVancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Para Resources Inc.  (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the \"Company\" or \"Para\") is pleased to provide an update on the production ramp up and results for January 2018 at the El Limon Mine in Zaragoza, Colombia, as follows:Cannot view this image? Please visit:http://orders.newsfilecorp.com/files/3819/32688_a1518064017276_61.jpgMilling operations commenced in late November 2017 with a six-month ramp up schedule to full production in June 2018. The plant has been optimizing recovery and availability with lower grade feed material in order to ensure gold is not lost in the early stages.Mr. Ian Harris, Para's President states, \"We are pleased with the results from operations and that we are exceeding our plan on almost every front. Production in January was 437.6 ounces of gold, which is almost double what we produced in December. The lower number for dore was due to build up of inventory and timing at month end. We will continue to work on availability and recovery and when we achieve our targets we will begin to process high grade feed material from El Limon and the small contract miners on our property.\" Paulo J. Andrade, BSc Senior Geologist, vice-president for Para Resources is considered by TSX and ASX a Competent Person according to CIM (NI-43-101) and JORC standards as a member of the Australian Institute of Geoscientists (MAIG # 6136), who is responsible for the geological disclosure contained in this news release. ABOUT PARA RESOURCES:Para is a junior producing gold mining company. Para owns approximately 80% of the El Limon project, in Colombia, which in addition to its current underground operation is purchasing mineralized rock mined by small artisanal miners working on the Company's property. The El Limon and OTU properties also have exploration and development upside. The Company also owns 88% of the Gold Road Mine in the Oatman District of Arizona. The Company has hired RPM Global as consulting engineers in order to produce a NI 43-101 Technical Report which it expects will establish a current Mineral Resource estimate and anticipates that it will publish a NI 43-101 PEA thereafter. Para will continue to take advantage of current market conditions to acquire...