LAS VEGAS, March 11, 2015 /PRNewswire/ -- Calissio
Resources Group (OTC Pink: CRGP) is pleased to the completion of
upgrades to the San Pedro Mill, increasing the total productive
capacity from 120 tons per day (tpd) to 200 tpd, an increase of
66%. Calissio will now begin the testing phase, which is
estimated to last 30 days, and the Company is optimistic the mill
will be running at full capacity by the middle of April. At
full capacity, San Pedro will be able to process 1,400 tons of ore
per week or an estimated 18,000 tons per fiscal quarter, which will
add an estimated $1.1 million per
quarter and $4.4 million annually, at
prevailing copper prices.
"This is a huge milestone for the Company, and will make a
dramatic impact to our bottom line due to our strong strategic
advantage of low production costs. San Pedro will now
initiate the testing phase, so we can ensure a smooth transition to
full production," said Adam Carter,
the President & CEO of Calissio. "The upgrade mill will
increase our overall efficiency significantly, and will
dramatically increase our productive capacity."
Mr. Carter also provided an update regarding the upgrades to the
La Jovita Mill, which are on schedule and on budget. Upgrades to La
Jovita that will increase operational capacity from 200 tpd to 500
tpd.
Adam Carter
President & CEO
Calissio Resources Group Inc.
Calissio Resources Group Inc., 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.calissioresources.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 Calissio
Resources Group, 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 Calissio Resources Group,
Inc.'s anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Calissio Resources
Group, Inc. provides no assurance regarding the actual outcome of
the events contemplated by any forward-looking statements included
in this release. Calissio Resources Group, Inc. disclaims any
obligation to update any of its forward-looking statements, except
as may be required by law.
Contact:
Calissio Resources Group Inc.
Investor Relations
702-605-4172
ir@calissioresources.com
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SOURCE Calissio Resources Group Inc.
