Amarium's Production Ahead of Schedule at Jovita and Expansion at
San Pedro Mill Explored
LAS VEGAS, October 2, 2013 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned
subsidiary Amarium Minerals Inc., reports that the Company is
currently ahead of Copper production targets at the Jovita Mill in
Michoacán, Mexico. The primary
factors cited for the higher than anticipated production were
increased operational efficiency from recent implementations and
higher than expected ore grades. Production results will be
reflected in the Company's next quarterly report for the period
ending September 30. The Company also
announced that it is conducting an initial assessment to upgrade
the existing 20 ton-per-day San Pedro Mill, also located in
Michoacán.
"Obviously we are very encouraged to see that some of our
procedural changes and maintenance scheduling have been
successfully implemented at the Jovita Mine. However, the added
bonus is that our production projections were based on conservative
estimates regarding ore grades and that has proven to be a pleasant
surprise that has allowed the Company to exceed expectations," said
Adam Carter, the President & CEO
of Amarium. "With regards to San
Pedro, we believe that the production output of the mill
could be increased substantially with only minimal capital
investment. Right now we are going to delve further into the
evaluation and opportunities for the expansion of the project,
before plans to move ahead are solidified."
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, 800-983-0814
Fax: 800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.