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| Copper looks to be a hot market. Is CRGP the right Company in right market at the right time? See for yourself! |
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 Hot Stock to Watch |
Company: Calissio Resources Group (Pink Sheets: CRGP)
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Last:
Price: 0.0529
Change (%): + 0.0089 (20.23)
Volume: 52,397 |
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Calissio Resources Completes San Pedro Mill Upgrades
LAS VEGAS, March 11, 2015 /PRNewswire/ -- Calissio Resources Group (OTC Pink: CRGP) is pleased to the completion of upgrades to the San Pedro Mill, increasing the total productive capacity from 120 tons per day (tpd) to 200 tpd, an increase of 66%. Calissio will now begin the testing phase, which is estimated to last 30 days, and the Company is optimistic the mill will be running at full capacity by the middle of April. At full capacity, San Pedro will be able to process 1,400 tons of ore per week or an estimated 18,000 tons per fiscal quarter, which will add an estimated 1.1 million dollars per quarter and 4.4 million dollars annually, at prevailing copper prices.
"This is a huge milestone for the Company, and will make a dramatic impact to our bottom line due to our strong strategic advantage of low production costs. San Pedro will now initiate the testing phase, so we can ensure a smooth transition to full production," said Adam Carter, the President & CEO of Calissio. "The upgrade mill will increase our overall efficiency significantly, and will dramatically increase our productive capacity."
Mr. Carter also provided an update regarding the upgrades to the La Jovita Mill, which are on schedule and on budget. Upgrades to La Jovita that will increase operational capacity from 200 tpd to 500 tpd.
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