SALT LAKE CITY, UTAH - September 16, 2013 (Investorideas.com Mining
stocks newswire) Inception Mining Inc. (OTCQB: IMII) announced today
that it has entered into an agreement in principal (the "Agreement")
with Crawford Cattle Company ("Crawford") to acquire over 16,000 net
acres of mineral rights in Humboldt and Elko Counties, Nevada,
approximately 70 miles north of Winnemucca, Nevada. The acreage lies in
or is adjacent to the historic Getchell Trend which is part of the
property now under contract to be purchased. Assuming the due diligence
and other covenants are satisfied, the acquisition is expected to close
no later than the second quarter 2014 of which there is no guarantee.
According
to the Company's CEO, Michael Ahlin: “We believe the lands to be
acquired are deemed highly prospective given their general location in
the Getchell Trend. Specifically, we are under contract to acquire
sections of lands that are adjacent to the Turquoise Ridge Property, the
Pinson Mine and a lesser amount of acreage near the history Midas Gold
Property. The Turquoise Ridge Property is a joint holding of Barrick
Gold Corporation (NYSE:ABX) and Newmont Mining Corporation (NYSE:NEM).”
At this stage, the Company has not determined or committed to a plan of
development and is just now beginning its resource evaluation and long
term potential.
The Company is focused on identifying certain
historical mining claims that fit strict parameters of proven
recoverable grades of minerals, minimal permitting issues, deeded or
protected claims, access, acquisition costs that fit our profile and
potential refining needs requiring minimal CAPEX or possible toll
processing. While the above potential acquisition is a departure from
our stated objectives, the opportunity presented must be explored and
evaluated as a possible addition to our portfolio of properties.
About
Inception Mining Inc. (OTCQB: IMII) We are a mining exploration company
engaged in the acquisition, exploration, and development of mineral
properties, primarily for high grade gold deposits, from owned mining
properties. Our primary target properties are those that have been the
subject of historical exploration and have supporting data. Most large
visible surface gold mineralized prospects have been explored, mined.
What remains are the smaller high-grade mines and prospects previously
ignored. www.inceptionmining.com
Forward-Looking Statements
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 property. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated
in such statements.
In connection with the forward-looking
information contained in this news release, the Company has made
numerous assumptions, including that the Company’s 2013 exploration
programs will proceed as planned and within budget. Inception Mining,
Inc. expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new information,
future events or otherwise, except as otherwise required by applicable
securities legislation.
SOURCE Inception Mining, Inc.
(OTCBB: IMII)
5320 South, 900 E. Suite 260
Salt Lake City, Utah 84106
Michael Ahlin CEO
(801) 312-8113 Ext 102
More info on Turquoise Ridge
http://www.infomine.com/minesite/minesite.asp?site=turquoise
Published at Investorideas.com Newswire
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