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SOURCE Amarium Technologies Inc.
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.
Amarium Technologies Inc.
Investor Relations, 800-983-0814
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