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Woodland Hills, CA, March 18, 2013 (GLOBE NEWSWIRE) -- ABOT Mining (Pink Sheets: ABOT.pk) is pleased to announce that the production of approximately 5.65 kg of concentrates and its first doré bar from its Silver Tailings Project.
Approximately 225 tons of tailings were loaded for processing in this first trial run. Some of the equipment were custom built and took extra time for completion and commissioning, which caused the unexpected delay in our first production trial run. The doré bar(s) have been sent for refining in order to validate pyrometallurgical protocols and to achieve required refinery specifications for future production.
This modest production represents a key milestone for the Company as the first production line has started with the low-grade tailings material. Furthermore, the Company is in final negotiations to acquire interest in a gold property in the region of El Rosario, Mexico. The Company expects to improve its production recovery by replacing its low grade tailings with higher grade ore from the El Rosario property. The Company expects to provide details of this acquisition and results from future production runs in the near future.
About the Company
ABOT is a US based mining company engaged in discovering, acquiring, developing, producing, and marketing precious and semi-precious metal properties and is currently headquartered in Woodland Hills, California. ABOT plans to create long term shareholder value by implementing an aggressive exploration program, making new precious metals discoveries and developing mining properties with long-life and low cost operation.
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Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.