ABOT Mining Provides Update on the Production Trial Run on Pueblo Project (Silver Tailings)
04 December 2012 - 12:30AM
OTC Markets
ABOT Mining (Pink Sheets: ABOT.pk)
is pleased to announce that the production trial run of 150 tons of
silver
tailings and grounded ore left from previous production on its
Pueblo Project
in
Sinaloa,
Mexico is moving as planned.
The cyanide solution and
water tanks are expected to arrive at the production site by end of
this week. Precipitation
of metals is expected to begin soon after and adsorption of metals
from
tailings/grounded ore may continue for at least seven (7)
additional days in
order to improve the recovery rate. Our Mexican Operating/JV
Partner intends to
pile up enough silver and gold bearing concentrates so that it
becomes economically
viable to smelt/refine these concentrates into bars of
doré
bullion.
The Company has also provided
the balance of funding to its Mexican Operating/JV Partner in
addition to the
advance money paid earlier for the mobilization of the Pueblo
Project.
As reported earlier, in
addition to Pueblo Project, the Company also intends to purchase
and process
gold ore stockpile, which is located within 5 miles radius of
its
Aztlan 8B Project.
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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Forward-Looking Statement
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.
Contact:
Imran
Firoz, President
Abot
Mining Co.
ABOT.PK
6303
Owensmouth Avenue | 10th Floor
Woodland
Hills | CA 91367
T: +1
818.302.0100
E:
info@abotmining.com
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