LAS VEGAS, Aug. 6, 2014 /PRNewswire/ -- Amarium
Technologies, Inc., (OTC: AMMG) through it's wholly owned
subsidiary Amarium Minerals Inc., reports the commencement of the
ore extraction program at the recently acquired El Desvan Cobre
mine. El Desvan is located in the Mexican state of Michoacan, within close proximity to both the
Company's producing copper mines, San
Pedro and La Jovita.
The program has begun limited mining operations at El Desvan by
extracting and trucking up to 200 tons of ore daily to supplement
production at the San Pedro Mill in the short-term. The
San Pedro property is currently
undergoing its own exploration program.
"The acquisition of El Desvan gives the Company another option
for ore supply in both the near and long-term. We have now begun
extracting ore to supplement production at the San Pedro mill. With the existing production
rates averaging 120 tons daily at San
Pedro, the additional supply from El Desvan will allow
production to increase to 300 tons per day. This will better
utilize the existing capital investment in plant and equipment and
allow for improved efficiencies and economies of scale, resulting
in lower production costs per ton," says Adam Carter, the President and CEO of
Amarium. "More importantly, it will allow us to concurrently mine
on the San Pedro property, while
submitting ore for bulk sampling and testing and to increase daily
throughput with no disruptions to production."
Amarium is focused on the acquisition and development of base
metals projects in Mexico that are
currently in or near production and advanced exploration properties
that will add substantially to the Company's asset foundation.
Management is continuing to actively pursue mineral interests that
represent significant growth, value and cash flow
opportunities.
For additional information, please visit:
http://www.amariumminerals.com.
This press release contains statements that are forward-looking
and which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Amarium
Technologies, Inc.'s current expectations and projections about
future events, based on information currently available.
The forward-looking statements found in this press release may
also include statements relating to Amarium Technologies, Inc.'s
anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Amarium
Technologies, Inc. provides no assurance regarding the actual
outcome of the events contemplated by any forward-looking
statements included in this release. Amarium Technologies, Inc.
disclaims any obligation to update any of its forward-looking
statements, except as may be required by law.
Contacts:
Amarium Technologies Inc.
Investor Relations, 800-611-6584
info@amariumminerals.com
SOURCE Amarium Technologies Inc.