FinancialNewsMedia.com

FinancialNewsMedia.com
Professional News Dissemination Services

Wednesday, March 11, 2015

Calissio Resources Completes San Pedro Mill Upgrades

LAS VEGAS, - (http://www.financialnewsmedia.com News Alert) - 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 per quarter and $4.4 million 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.

Adam CarterPresident & CEOCalissio Resources Group Inc.

Calissio Resources Group Inc., focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.

For additional information, please visit: http://www.calissioresources.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Calissio Resources Group, Inc.'s current expectations and projections about future events, based on information currently available.

The forward-looking statements found in this press release may also include statements relating to Calissio Resources Group, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Calissio Resources Group, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Calissio Resources Group, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Contact:Calissio Resources Group Inc.Investor Relations702-605-4172ir@calissioresources.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/calissio-resources-completes-san-pedro-mill-upgrades-300048800.html

SOURCE Calissio Resources Group Inc.

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG's intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company's publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated four thousand five hundred dollars for Calissio Resources Group, Inc. news coverage by the company.  FNMG HOLDS NO SHARES OF Calissio Resources Group, Inc.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

No comments:

Post a Comment