Inca One Resources (IO.V) has commenced preparations for a bulk sampling program at the Los Angeles vein at the Corizona project in Peru.
The company is currently preparing the shaft between level 0 and level -2 to access the vein at level -2 for a 20 ton bulk sample. Once the extraction commences at level -2, Inca One and its partner Canadian Mining SA will develop a shaft to reach level -3 which will open up another two faces. The company is still looking at several possibilities to process the ore from Corizona.
This bulk sampling program will be important to have a first indication about the head grade of the ore, and the mining dilution.
We have conducted an interview with CEO Edward Kelly, and will release a Q&A report tomorrow.
Disclosure: The author holds a long position in Inca One. Inca One Resources is a sponsor of the website. Please see our disclaimer for current positions.
