SALT LAKE CITY, May 20, 2014 (GLOBE NEWSWIRE) -- INCEPTION MINING INC. (OTCQB:IMII) ("Inception" or the "Company") is pleased to announce its acquisition of certain lease grounds covering all properties necessary for access roads into the Company's U.P. and Burlington patented mining claims, located near Salmon, Idaho.
The seven lease grounds purchased by the Company provide access necessary for the 3,000 foot roadway into the Company's U.P. and Burlington properties, as well as the mineral rights to potential mining targets. Exploration of the area indicates possible vein structures similar to those existing on the Company's U.P. and Burlington patented mining claims and may present potential targets of further development. Access and improved road permits necessary for bulk sampling had been awarded to the Company by the U.S. Forest Service based on the lease agreement between the previous lease holder and the Company. The purchase of the lease grounds ensures the Company uninterrupted access to its U.P. and Burlington patented mining claims.
The Company intends to commence an extensive resource delineation / confirmation program upon snow melt beginning of Summer 2014. The Company is seeking to expand the Company's current NI 43-101 Technical Analysis to a full Reserve Confirmation. This program will consist of further bulk sampling, geological mapping (underground and surface), rehabilitation of the historical workings, a drilling program and testing of newly identified targets. Historical reports as well as numerous recent assay results indicate ore grades potentially exceeding 0.5 oz/ton Gold (Au) and recoverable amounts of Silver (Ag) are also contained in the exposed veins. If favorable results are returned from this program, the Company would then direct its efforts to the completion of a small underground mine plan in 2015.
About Inception Mining Inc.
We are a minerals resource company engaged in the acquisition, exploration, and development of primarily gold related properties. Our primary target properties are those that have been the subject of historical exploration having significant supporting data.
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.
CONTACT: 5320 South, 900 E. Suite 260 Salt Lake City, Utah 84106 Michael Ahlin, CEO (801) 312-8113 Ext. 10Source:Inception Mining Inc.