El Corpus, Honduras-October 23, 2012-
Clavo Rico, Ltd. (the
“Company”) announced today that its new processing plant recently delivered to
the Clavo Rico mine site in El Corpus, Honduras has been fully prepared,
installed and commissioned and is now ready to initiate operations and to begin
processing the gold laden solution currently in the holding ponds.
The plant
manufacturer has sent three specialists to Honduras to install and ensure that
the plant is operating to its specifications and to optimize its performance as
the Company commences full scale operations. The specialists include a
machinist, a metallurgist as well as the construction and operations
manager. Together these specialists have all of the knowledge and
experience necessary to get the plant up and operating at its capacity in the
next 30 days. The photo above is of part of the plant as it is prepared
for the power to be turned on and begin to operate all of the pumps and
chemical operations necessary to distill the gold dissolved in the holding
ponds (as seen below) resulting in the production of dore bars for shipment to
refiners.
The plant
has been sized to process 250 gallons (+/-1000 litres) of gold bearing solution
per hour. It is anticipated that the first production will be realized in
the next ten days and that production will then continue at capacity from that
point on.
Mr. Reed L
Benson, President of the Company, stated “This increased capacity should allow
the Company to gradually boost its crushing operations and to increase the
amount of ore deposited daily on the recovery field, which will in turn
increase the flow of gold bearing solution to the processing ponds. Until
now we have not been able to maximize our operations as we did not have the ability
to process the solution nor did we have the storage capacity for more
solution.”
Clavo Rico,
Ltd., a Turks and Caicos company, is a privately held junior mining company
that has as its mission finding, securing and developing mining claims in Latin
America. It is currently in process of expanding operations at the Clavo
Rico mine in El Corpus, Choluteca, Honduras. It has also been active in
locating exploration and extraction partners to fully realize the potential of
various mineral claims resulting in increased shareholder value, with an eye
towards improving their marketability and position the Company for an entrance
onto a public exchange or an acquisition by a senior mining company.