Business
Para Resources Announces a Successful Test Pour of Gold at the Gold Road Mine
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2019) - Para Resources Inc. (TSXV: PB...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Resources Announces a Successful Test Pour of Gold at the Gold Road MineVancouver, British Columbia--(Newsfile Corp. - March 13, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF) (the \"Company\" or \"Para\") is pleased to announce the successful testing of the full CIP circuit at Gold Road Mine in Oatman, AZ, including a test pour of gold. A forty (40) ounce doré bar was poured on March 11th, 2019 from the initial carbon strips after the entire plant was balanced. The full circuit of mining, crushing, grinding, leaching, electrowinning and smelting has now been fully tested and is operational. The ramp up of underground mining continues with full production expected in the 3rd Quarter 2019. Ian Harris, President of Para Resources, stated, \"The initial doré bar is concrete evidence that the entire mining cycle from mine to plant to smelting is working successfully and puts the Gold Road Mine operation on a solid base to ramp up to full capacity and meet the start-up schedule. We can now focus attention on mine development, adding additional mining faces to reach our goal of 3,000 + ounces per month, expected by the 3rd Quarter 2019.\"ABOUT PARA RESOURCES:Para Resources Inc. (\"Para\") is a junior gold mining and exploration company. The Company owns two projects that couple areas of highly prospective exploration potential with an existing mining and milling operation that can generate cash flow to support an exploration program. Purchasing existing and fully permitted mines and facilities dramatically reduces the exploration risk as the small mining operations are profitable and provide excellent returns as a stand-alone entity. This is a unique approach to developing \"world class\" assets. In addition, Para is unique in that the Insiders have invested more than $20million of their own capital and own approximately 70% of the equity. Para's management team is seasoned and proven, having discovered, built, managed and sold several different mines over the last 40 years. The Company has two major projects: The Gold Road Mine in Arizona, USA and the El Limon Mine in Zaragoza, Colombia.On behalf of the Board of Directors\"C. Geoffrey Hampson\"________________________________________C. Geoffrey Hampson, Chairman, Chief Executive Officer and DirectorFor further information, please contact Andrea...