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Salt Lake City, UT, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Inception Mining Inc. (OTCQB: IMII) (“Inception” or the “Company”) is pleased to announce that it has entered into a verbal cooperation agreement with Glen Eagle Resources Inc., a TSX-V listed Canadian company (“Glen Eagle”). According to the terms of the cooperation agreement, Glen Eagle will process certain high-grade material contained in sulfides produced at the Clavo Rico Mine that cannot be heap leached at the Clavo Rico Mine site but can be processed at Glen Eagle’s Cobro Oro de Honduras processing facility.
Both Inception and Glen Eagle have mining operations in Honduras within miles of each other and the companies have rendered mutual services cooperatively in the recent past. Due to these similarities, the companies have decided to further extend their cooperation to better serve their mutual interests.
The cooperation agreement is beneficial for both companies because it allows the processing of certain high-grade material for processing that may not otherwise be processed. Both companies will commence due diligence and basic work immediately hoping to extract material in the coming weeks while assessing the joint potential of the arrangement. A formal, written agreement will follow in the coming weeks.
Recent sampling of the main tunnel at Inception’s Clavo Rico Mine yielded hopeful results. The sampling results were fire assayed by Cobra Oro de Honduras, Glen Eagle’s processing laboratory and plant, and indicated grades necessary for processing. The companies will split any proceeds of materials processed under the Cooperation Agreement net of recovery costs. Sampling results were fire assayed at Cobra Oro’s laboratory. Trent D’Ambrosio, Inception’s chief executive officer, is excited about the cooperation agreement and the relationship with Glen Eagle. “This agreement opens new avenues of revenue for both companies and is a natural fit,” he said. ” It is a great stepping stone for us and is in line with our long-term business goals.”
About Inception Mining, Inc.
Inception Mining Inc., a Nevada corporation, is engaged in the acquisition, exploration, and development of gold projects in Central and North America. Inception’s core asset is the Clavo Rico gold project in Honduras, which features a heap leach facility and on-site ADR plant.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.
Inception Mining Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.
SOURCE: Inception Mining Inc.
(OTC QB: IMII)
5330 South 900 East, Suite 280
Salt Lake City, Utah 84117
Trent D’Ambrosio CEO
(801) 312-8113 Ext. 101