SALT LAKE CITY, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Inception Mining Inc. (OTCQB:IMII) ("Inception" or the "Company"). Subsequent to Inception's September 6, 2013 announcement regarding the potential acquisition of certain portions of the Crawford Cattle Company's ("Crawford") properties (the "Crawford Properties"), the Company commissioned a preliminary geological investigation of the Eden Valley portion of the Crawford Properties ("Eden Valley"). The final report has been received by the Company and it is pleased to announce the results. Dr. Clay Newton of Gustavson Associates has identified three probable faults (the "Faults") on Eden Valley all of which intersect the portions of the Crawford Properties which may be acquired by the Company. The Faults appear to be extensions of the primary fault structures associated with the Turquoise Ridge mine. Based on Gustavson's review of all available geophysical information coupled with a detailed field investigation and assay work, Dr. Newton identified 16 drill targets and took numerous samples. The Company is now finalizing a drilling contract and hopes to complete a drilling and coring operation within the next several months.
The Faults run Northwest from the Turquoise Ridge property under the portions of the Crawford Properties which may be acquired by the Company and the adjacent Barrick BLM leases. The Turquoise Ridge Property is a joint holding of Barrick Gold Corporation and Newmont Mining Corporation. At this stage, the Company has not determined or committed to a plan of development and the drilling program is the next necessary step in the Company's resource evaluation.
About Inception Mining Inc.
We are a minerals resource company engaged in the acquisition, exploration, and development of mineral properties. Our primary target properties are those that have been the subject of historical exploration having significant supporting data.
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements with respect to the potential mineralization and geological merits of the Company properties. There can be no assurance statements will prove to be accurate and actual results and future events could differ materially from anticipated in such statements.
Inception Mining, Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events except as required by applicable securities legislation.