Gold and Silver Updates


Toronto, Ontario–(Newsfile Corp. – January 4, 2021) – Intercontinental Gold and Metals Ltd. (TSXV: ICAU) (the “Firm“), a gold refining and commodity buying and selling firm, is happy to announce the completion of our first zinc-silver focus cargo from our toll processing facility in Potosi, Bolivia.

The preliminary cargo of 420 tonnes of zinc-silver focus was loaded underneath supervision of Alfred H. Knight with all containers being sealed following a rigorous reference pattern process and regulatory inspection. As beforehand forecast the zinc focus graded in extra of fifty% zinc and over 9 ounces of silver per tonne with no materials impurities or penalties.

Photographs of Zinc-Silver Concentrates being loaded and sampled at Santa Lucia course of plant.

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This export represents one other a serious milestone for the Firm occurring, as forecast, in calendar 2020. The corporate has now demonstrated the viability of the operation’s complete logistics chain from ore purchases, processing, focus manufacturing, export logistics and bodily focus cargo.

Preliminary forecast for the primary half of 2021 is to aggressively develop our zinc-silver focus export volumes to roughly 2,000 tonnes per thirty days with the intention to extend this once more in H2 2021. We are going to present updates on quantity development targets within the coming weeks as we full in-progress exports.

Relating to the completion of the primary cargo of zinc-silver focus, Gorden Glenn, CEO commented: “This milestone represents an unimaginable achievement by your complete Intercontinental crew. To provoke and full our first focus cargo in simply 1.5 months from the beginning of discussions with producers, processing amenities, off takers and logistics suppliers is a testomony to the expertise, dedication and tradition throughout the Firm. Your complete crew must be happy with their function within the achievements of the enterprise initiative thus far, which is will type a further platform for continued development by the Firm. The response to the Firm getting into the focus export enterprise was met with an overwhelmingly optimistic response from mine operators proper by to off taker’s and repair suppliers and is a testomony to our clear enterprise/regulatory marketing strategy.”

About Intercontinental Gold and Metals Ltd.

Intercontinental Gold and Metals Ltd. is a Subsequent Era Metals and Mining Firm. We imagine our gold refining, bodily commodities advertising and marketing and buying and selling operations can present insights in world main provide and demand tendencies that create a strategic and aggressive benefit for additional funding and growth alternatives on a world foundation. The Firm generates revenues from the purchases and gross sales of gold and manufacturing and sale of zinc-silver and lead-silver concentrates (accounted for as income). Value of gross sales is measured at; a) the truthful worth of the valuable metals bought and offered and b) for base steel concentrates, the acquisition price of mined product, toll milling prices, remedy and refining prices (“TCRC’s”) and logistic prices usually related to concentrates, all merchandise are bought at a aggressive low cost from licensed small gold miners (SGM) and licensed small base steel miners in Latin America (LATAM). World SGM provide is important and helps a sustainable income technology mannequin. Zinc-silver and lead-silver concentrates from Potosi Bolivia are well-known to world markets. We’re distinctive firm providing buyers publicity and worth leverage to gold, silver, zinc and lead with out the numerous dangers related to typical exploration, mining and improvement investments.

Intercontinental Gold has 18,087,250 frequent shares issued and excellent which might be listed on Canada’s TSX Enterprise Change (ICAU.V).


Gorden Glenn
President & Chief Govt Officer

Ahead Wanting Statements

This information launch comprises aheadtrying data. The statements are primarily based on affordable assumptions and expectations of administration and Intercontinental Gold gives no assurance that precise occasions will meet administration’s expectations. In sure circumstances, aheadtrying data could also be recognized by such phrases as “anticipates”, “believes”, “may”, “estimates”, “expects”, “might”, “shall”, “will”, or “would”. Though Intercontinental Gold believes the expectations expressed in such aheadtrying statements are primarily based on affordable assumptions, such statements should not ensures of future efficiency and precise outcomes or developments might differ materially from these projected. Commodity buying and selling has inherent dangers. As well as, components that would trigger precise occasions to vary materially from the forward-looking data said herein embody any components, which can embody modifications in market circumstances, modifications in steel costs, common financial and political circumstances, environmental dangers, and group and non-governmental actions. Such components will even have an effect on whether or not Intercontinental Gold will finally obtain the advantages anticipated pursuant to related agreements. This listing just isn’t exhaustive of the components which will have an effect on any of the aheadtrying statements. These and different components must be thought of fastidiously, and readers mustn’t place undue reliance on forward-looking data. Intercontinental Gold doesn’t undertake to replace any forward-looking data contained herein besides in accordance with securities regulation. Precise outcomes or developments might differ materially from these in forward-looking statements. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, save and besides as could also be required by relevant securities legal guidelines.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

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