Calissio Resources (CRGP) Begins Full Production Ramp-up at San Pedro
LAS VEGAS, NV / ACCESSWIRE / April 14, 2015 / Calissio Resources Group (PINKSHEETS:CRGP) is pleased to announce that testing at the San Pedro Mill has been completed, and the Company will now begin to steadily increase production towards full capacity. Over the next 30 to 45 days, the San Pedro mill will begin ramping up production, from the current capacity of 120 tons per day (tpd) to the new limit of 200 tpd.
“With the testing now complete, we have a green light to begin the ramp-up phase towards full production at our San Pedro facility. This is a huge step for Calissio, and will significantly improve our overall bottom line,” said Adam Carter, the President & CEO of Calissio Resources Group. “The additional productive capacity will lower our operating costs, improve efficiency and ultimately make us more competitive and profitable, and that is vital for our continued growth.”
Calissio management projects the increased production at San Pedro will account for an additional 1,400 tons of ore processed weekly, or 18,000 tons per fiscal quarter. At full production, San Pedro will generate an additional USD$4.4 million annually at the prevailing market price. In addition to the upgraded production at the San Pedro mill, Calissio is also working towards increasing production at their flagship La Jovita mill, from the current 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
SOURCE: Calissio Resources Group Inc.
ReleaseID: 427760