Inception Mining Inc. (the Company) is engaged in identifying, exploration, acquisition and development of mineral properties. Our initial focus has been directed towards precious metals, recognizing the state of the industry and the multiple opportunities that have surfaced due to the economic upheaval in the sector.
Our first acquisition, the “Up & Burlington” patented mining claims near Salmon, Idaho is a tight vein ore body with historical production, significant ore grades, excellent metallurgy and modest permitting requirements. We have received all necessary permits to begin a bulk sampling program, summer 2014. The vein is surface-exposed, allowing for ease of extraction, while allowing for further resource confirmation via opening and assaying the existing adits, along with a drill program that will expand our 43-101 to a full resource analysis.
The Company will capitalize on the availability of a surplus of resources in all segments, including geological, mining, equipment, and processing, making INCEPTION one of the few operations to bring a gold mine to production this year. While others are suffering at current prices with all in costs close to spot prices, INCEPTION should realize significant net profits due to high ore values, coupled with tight cost control measures and availability of mining resources.
The Company will continue to seek out other mining opportunities, focused on both historical operations and new resource exploration. Management is focused on a non-operator model, utilizing existing resources, contract miners, operating toll processing facilities and independent geological consultants. Ours is a low overhead financial model with management’s primary concern on production and resultant profitability. The company intends to acquire several properties with a combination of cash and equity.